Pyoung Taek LNG Combined Cycle Power Plant

Overview:

• The project involves the construction and operation of a third LNG Combined Cycle Power Plant in Pyoung Taek, Korea.
• The sponsors for the project are GS Energy and KOWEPO.
• Kookmin Bank is the financial advisor and the lead arranger for the project finance and will arrange the formation of a private fund for equity investment and sub-debt investment.
• The size of the power plant is 950MW with a project value of $1 billion, and its commercial operation is expected to begin in November 2019.

Adam Majeed - Regional editor