16.8B Won Solar Contract End Date Extended to June 2026
On 2026-04-28, SEOJEON ELECTRIC MACHINERY extended the contract end date by two months from 2026-04-30 to 2026-06-30 for a single sales/supply contract.
Contract amount remains unchanged at KRW 16.8 billion (excl. VAT, 38.3% of 2023 revenue).
The contract covers construction of 154kV switching station/substation/power plant for the 100MW Sumang solar power plant in Seogwipo, Jeju (supply of power equipment and electrical work).
Payment terms: 30% advance (KRW 5.04B), 60% after factory test (KRW 10.08B), 10% after trial operation (KRW 1.68B).
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract