Report of Foreign Issuer (6-k)
November 20 2017 - 6:07AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
6-K
REPORT OF
FOREIGN PRIVATE ISSUER
Pursuant to Rule
13a-16
or
15d-16
of the Securities Exchange Act of 1934
For the Month of November 2017
KOREA
ELECTRIC POWER CORPORATION
(Translation of registrants name into English)
55
Jeollyeok-ro,
Naju-si,
Jeollanam-do, 58217, Korea
(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule
12g3-2(b)
under the Securities Exchange Act of 1934.
Yes
☐ No ☒
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
82-
.
On September 28, 2017, KEPCO entered into a Joint Development Agreement (JDA) with TADMAX, a Malaysian
corporation, in relation to a
gas-fired
power plant with capacity of 1,200 megawatts in Pulau Indah, Malaysia. KEPCO has obtained approval for this project from Malaysian Energy Commission, the project
sponsor.
KEPCO will hold a 25% equity interest in this project, and TADMAX will hold a 75% equity interest in it. The total project cost is expected to
be approximately US$1 billion, and KEPCO expects to invest approximately US$50 million for the equity interest.
The closing of the financing
and construction for this project will begin in the fourth quarter of 2019 following the approval of the applicable tariff rates by the Malaysian Energy Commission, which is currently expected to occur in the fourth quarter of 2018.
This project marks KEPCOs first entry into the Malaysian power generation market. The equity financing for KEPCO is expected to involve Islamic bond
financing, which upon completion is expected to be the first such financing for a Korean company. KEPCO also expects to enter into a power purchase agreement with Tenaga Nasional Berhad for a term of 21 years, which is expected to generate a stable
revenue stream from this project.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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By:
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/s/ Kim, Jong-soo
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Name:
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Kim, Jong-soo
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Title:
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Vice President
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Date: November 20, 2017
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