Korea Electronic Power Industrial Development Increases Hadong Thermal Plant O&M Contract by KRW 16.9 Billion, Extends to End of 2026

Korea Electronic Power Industrial Development amended its operation and maintenance contract with Korea Southern Power for the Hadong thermal plant, increasing the contract value from KRW 240.8 billion to KRW 257.7 billion, an increase of approximately KRW 16.9 billion, and setting the contract end date to December 31, 2026.
The contract increase represents about 4.6% of the company's market cap of KRW 369 billion and 7.0% growth over the original contract amount, strengthening the company's stable revenue base.
The counterparty is Korea Southern Power, a state-run power generation company, ensuring high counterparty creditworthiness.
[AI Summary]This amendment increases the contract value by approximately 7% and finalizes the term to end of 2026, confirming enhanced revenue visibility and continued relationship with a highly credible counterparty, which is positive for shareholder value. Short-term financial volatility is limited.