KEPID Amends Boryeong Coal-Fired O&M Contract: Value Up 7.8% to 358 Billion Won, Extended to End-2026

Korea Electronic Power Industrial Development Co., Ltd KEPID filed a corrective disclosure on July 23, 2026, increasing the contract amount for its Boryeong coal-fired fuel and environmental facility operation and maintenance service contract with Korea Midland Power by 7.8% from 332.0 billion won to 357.9 billion won, and extending the contract period to December 31, 2026.
This amendment finalizes the value and duration following continuous service performance and extension negotiations; the revised contract amount represents 90.7% of KEPID's 2025 consolidated revenue of 394.5 billion won.
The counterparty is the state-owned Korea Midland Power, minimizing credit risk, and the contract requires no additional financing or share dilution, thus limiting any impact on existing shareholder value.
[AI Summary]KEPID's amendment to its core Boryeong O&M contract is a positive development that secures the scale and duration of a major revenue stream without capital raising, strengthening stable cash flows. With a highly credible state-owned counterparty, the overall effect on shareholder value is favorable.