It has been confirmed that KEPCO proposed an advance payment system for electricity bills to demand companies to supply power to the semiconductor industrial complexes in Yongin and Honam.
Korea Electric Power Corporation announced on the 3rd that it "has proposed an advance payment system for electricity bills to large-scale power demand companies such as Samsung Electronics and SK Hynix."
The total amount is reported to be 25 trillion won, with Samsung Electronics contributing 20 trillion won and SK Hynix 5 trillion won. It is understood that the advance payment amounts for the two companies were calculated based on five years' worth of electricity bills paid last year (Samsung Electronics: 4.1 trillion won; SK Hynix: 900 billion won).
A plan to deduct monthly electricity bills from the advance payment and pay interest on the remaining balance every six months is being discussed. It is understood that the interest may be deducted from electricity bills instead of being paid in cash.
Korea Electric Power Corporation stated, "Details such as participation status, interest rates, advance payment amounts, and payment periods have not yet been finalized."
With a surge in demand for power grid investments in advanced industries such as semiconductors and AI data centers, Korea Electric Power Corporation finds itself in need of new funding methods beyond rate adjustments and corporate bond issuance. The corporation is currently facing financial red flags with debt totaling 210 trillion won and a deficit of 35 trillion won.
in ECONOMY
