KEPCO KPS Extends Contract Period for O&M Project at India Jalsuguda Thermal Power Plant

[Asia Economy Reporter Kim Daehyun] KEPCO KPS announced on the 2nd that it has signed an extension contract for the 59.4 billion KRW scale O&M (Operation & Maintenance) project of the India Jharsuguda thermal power plant with Vedanta Limited. The two companies first signed a contract on June 3, 2016, and although the original contract expiration date was January 31, the contract period between the two companies has been extended until the 30th under this new agreement.

The original contract amount was 59,438.07 million KRW, which was about 5.0% of KEPCO KPS's consolidated sales in 2015. KEPCO KPS stated, "The contract amount and period may change during the construction progress."

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