July 25, 2016 6:43 AM ET

Electric Utilities

Company Overview of POSCO ENERGY Co., Ltd.

Company Overview

POSCO ENERGY Co., Ltd. is engaged in power generation, renewable energy, fuel cell, and resource development businesses in Korea and internationally. It operates an LNG combined cycle power plant in Seoul; off-gas combined cycle power plants in Gwangyang and Pohang; off-gas power plant in Indonesia; coal-fired thermal power plant in Vietnam; and coal-fired CHP5 plant in Mongolia. The company also operates photovoltaic, offshore and onshore wind, fuel cell, and solid refuse fuel power generation facilities; and recovers heat energy of domestic sewage flowing into the rivers through a heat pump. Its fuel cells are used for various applications, such as CBDs and buildings, uninterrupted power s...

16F

POSCO Center West Wing

440, Teheran-ro

Gangnam-gu

Seoul,  06194

South Korea

Founded in 1969

Phone:

82 2 3457 2114

Fax:

82 2 3457 2115

Key Executives for POSCO ENERGY Co., Ltd.

Chief Executive Officer
Age: 64
Chief of Technology Strategy Office and Senior Managing Director
Age: 57
Senior Managing Director
Age: 59
Chief of Management Planning Office and Managing Director
Age: 55
Chief of Fuel Cell Business Office and Senior Managing Director
Age: 60
Compensation as of Fiscal Year 2016.

POSCO ENERGY Co., Ltd. Key Developments

POSCO Energy Co. Signs Memorandum of Understanding with PKP Intends for the Development of an Off-Gas Power Generation Facility in Iran

POSCO Energy Co. has accomplished the signing of a memorandum of understanding with PKP intended for the development of an off-gas power generation facility in Iran, with capacity to make 500MW of electricity. POSCO Energy has settled the preliminary agreement to construct the power station, which will utilize byproducts from the steel manufacturing procedure in the Iranian Chabahar free economic zone. The company will also collaborate with the Korea Electric Power Corp., and the construction division of POSCO to set up a desalination plant with capability of producing purified water of 60,000 tons on a daily basis. The agreement between POSCO Energy and the Iranian steelmaker has been settled during a recently held bilateral business meeting. POSCO is hopeful that the project will facilitate grounds to access the Middle Eastern country’s energy market, while Iran is making efforts to carry out mega infrastructure development projects for the revival of its economic situation.

POSCO ENERGY Co., Ltd. Reports Audited Earnings Results for the Year Ended December 31, 2015

POSCO ENERGY Co., Ltd. reported audited earnings results for the year ended December 31, 2015. For the year, the company's sales were KRW 1,909,919 million compared to KRW 2,533,673 million a year ago. Net income was KRW 18,752 million compared to KRW 19,254 million a year ago.

POSCO Energy Co., Ltd. Reports Unaudited Sales Results for the Third Quarter and Nine Months Ended September 30, 2015

POSCO Energy Co., Ltd. reported unaudited sales results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported sales of KRW 44,075 million compared to KRW 46,760 million a year ago. For the nine months, the company reported sales of KRW 140,252 million compared to KRW 131,365 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 4, 2016
Pospower Co., Ltd.
Merger/Acquisition
January 28, 2016
Tamra Offshore Wind Power Co., Ltd.
 

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