South Korea's state-owned power utility, Korea Electric Power Corporation (KEPCO), is in talks with Samsung Electronics and SK Hynix to pre-collect a total of 25 trillion won in electricity fees. The plan is designed to raise funds for constructing power grids necessary for a new semiconductor industrial cluster. Under the current proposal, Samsung would prepay 20 trillion won and SK Hynix 5 trillion won, which is equivalent to about five years of electricity bills. KEPCO described the large-scale prepayment system as a mechanism that satisfies the mutual needs of companies requiring grid expansion and KEPCO needing investment funds. The utility emphasized that specific details, including the prepayment amount and coverage period, have not yet been finalized.
South Korea's state-owned power utility, Korea Electric Power Corporation (KEPCO), is in talks with Samsung Electronics and SK Hynix over a multi-billion-dollar electricity fee prepayment plan to raise funds for building power grids required for a new semiconductor cluster.
Under the current proposal, Samsung Electronics would prepay 20 trillion won, and SK Hynix would prepay 5 trillion won, totaling 25 trillion won, which is equivalent to about five years of electricity bills. KEPCO said in a statement: "The large-scale electricity fee prepayment system is a mechanism that meets the mutual needs of companies urgently requiring grid expansion and KEPCO needing investment funds. Specific details, including the prepayment amount and coverage period, have not been finalized."
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