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Doosan Fuel Cell

Doosan Fuel Cell Signs 20-Year Long Term Service Agreement Worth 28.6 Billion KRW with Korea Hydro & Nuclear Power

  • Doosan Fuel Cell has signed a 20-year Long Term Service Agreement LTSA with Korea Hydro & Nuclear Power for fuel cell power plants.
  • The contract value is 28.6 billion KRW, representing 6.29% of its latest sales of 454.8 billion KRW, with a term from June 2026 to May 2046.
  • Payments are made quarterly, ensuring a stable long-term revenue base.
  • [AI Summary]This contract generates stable long-term service revenue without any capital raising or shareholder dilution, positively impacting enterprise value. The counterparty risk is extremely low due to the state-owned counterparty Korea Hydro & Nuclear Power.

KOSPI Filing Information

  • Conclusion of a Single Sales and Supply Contract
  • Company: Doosan Fuel Cell (336260)
  • Submission: Doosan Fuel Cell Co., Ltd.
  • Under KRX KOSPI Market Division
  • Shares: 65,493,726
  • Price: 54,400 KRW
  • Market Cap: 3,562.9 B KRW

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