LS Electric Signs 49.4 Billion KRW Solar O&M Contract for Yeonggwang Green Solar Power Plant, 23-Year Long-Term Revenue Stream
LS Electric corrected its disclosure regarding a management and operation trust contract for a solar power plant in Yeonggwang, Jeollanam-do, with approximately 90MW capacity.
The contract value is 49.4 billion KRW, representing 1.1% of consolidated sales in 2024, with a term of 23 years starting from the commercial operation date of March 20, 2028.
The counterparty is KEN Co., Ltd., and the company also entered into a separate construction contract worth approximately 76.4 billion KRW on the same day.
This contract provides a long-term stable revenue stream without any equity dilution or capital raising.
[AI Summary]LS Electric has secured a stable long-term revenue source in the renewable energy sector through a 49.4 billion KRW solar O&M contract. The contract is accretive to shareholder value with no dilution and strengthens the company's renewable energy portfolio.
KOSPI Filing Information
[Correction Of Description] Conclusion Of Single Sales And Supply Agreement (Voluntary Disclosure)