April 26, 2018 2:41 PM ET

Electric Utilities

Company Overview of POSCO ENERGY Co., Ltd.

Company Overview

POSCO ENERGY Co., Ltd., an independent power producer, generates and supplies electricity in South Korea. It operates a LNG combined cycle power plant with a capacity of 3,412MW in Incheon; off-gas combined cycle power plant with a capacity of 284MW in Gwangyang; off-gas combined cycle power plant with a capacity of 290MW in Pohang; photovoltaic power plant with a capacity of 14.5MW in Shinan; and solid refuse fuel power generating facility with a capacity of 24.8MW in Busan. The company also operates off-gas power plant with a capacity of 200MW in Indonesia; and coal-fired thermal power plant with a capacity of 1,200MW in Vietnam. In addition, it produces and supplies 100kW, 300kW, and 2.5M...

POSCO Center West Wing

16th Floor

440, Teheran-ro

Gangnam-gu

Seoul,  06194

South Korea

Founded in 1969

Phone:

82 2 3457 2114

Key Executives for POSCO ENERGY Co., Ltd.

CEO & Internal Director
Age: 59
MD & Head of Power Generation Division
Age: 57
Senior MD & Director
Age: 58
Other Non-Standing Executive Director
Age: 56
MD & Standing Auditor
Age: 57
Compensation as of Fiscal Year 2017.

POSCO ENERGY Co., Ltd. Key Developments

POSCO Energy Reports Earnings Results for the Third Quarter of 2017

POSCO Energy reported earnings results for the third quarter of 2017. For the quarter, the company reported revenue of KRW 406 billion compared to KRW 357 billion a year ago. Operating profit was KRW 51 billion compared to operating loss of KRW 4 billion a year ago. Net profit was KRW 28 billion compared to loss of KRW 24 billion a year ago.

POSCO Energy Announces Unaudited Earnings Results for the Second Quarter of 2017

POSCO Energy announced unaudited earnings results for the second quarter of 2017. For the quarter, the company reported revenue was KRW 329 billion against KRW 304 billion a year ago. Operating profit was KRW 21 billion against operating loss of KRW 16 billion a year ago. Net loss was KRW 1 billion against KRW 46 billion a year ago.

FuelCell Energy and POSCO Energy Announce Strategic Agreement to Globalize the Stationary Fuel Cell Market

FuelCell Energy, Inc. announced a memorandum of understanding with partner POSCO Energy to use an existing FuelCell Energy subsidiary to directly develop the Asian fuel cell business for the purpose of expanding Asian market opportunities. Under this agreement, FuelCell Energy will immediately commence marketing the entire suite of SureSource™ solutions in Korea as well as the broader Asian markets for the supply, recovery and storage of energy. POSCO Energy will continue to service the existing installed base of fuel cell plants in South Korea and will commit to a specified level of module purchases from FuelCell Energy to supplement its own local manufacturing for servicing their existing fleet. Definitive agreements are expected to be finalized by fall 2017 subject to completion of due diligence, regulatory approvals, and customary closing conditions.

Recent Private Companies Transactions

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