IFLR1000

Dongducheon Dream Power $961 million financing

1/9/2015
Financing
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W 1.085 trillion

$ 961 million

Completed

1/9/2015

Overview:

  • Dongducheon Dream Power has received W1 trillion ($961 million) financing from a syndicate of lenders led by Kookmin Bank.
  • The outstanding loans were due to the development of a 1880MW LNG-powered combined cycle power generation facility in Dongducheon. 
  • Dongducheon Dream Power provides electricity to the metropolitan area in South Korea and operates an LNG based power plant.

Katrin Kostadinova - Data analyst

Jurisdiction:

South Korea

Deal type:

Financing

Practice area:

Banking

Governing law:

South Korea

Industry sector:

Energy

Firms:
Kim & Chang

Party: Samsung C&T Corporation (Sponsor)

Party: Korea Western Power (Sponsor)

Party: GS Energy (Sponsor)

Party: Dongducheon Dream Power (Borrower)

Party: Hyundai Development Company (Sponsor)

Lawyer: Young Kyun Cho

Lee & Ko

Party: Kookmin Bank (Lead arranger, Lender)

Party: Samsung Life Insurance (Lead arranger, Lender)

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