Jangmoon gas-fired Combined Cycle Power Plant Project

Overview:

• SK E&S are sponsoring the construction of an 1820MW LNG combined cycle power plant in Jangmoon area, Paju-city, South Korea.
• The produced electricity will then be sold in the Korean wholesale electricity market through the Korea Power Exchange.
• The W700 billion ($570 million) project financing is structured as senior and subordinated loans, the latter of which is convertible into equity in certain circumstances.

Adam Majeed - Regional editor