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- Revenue of KRW 580.2 billion and net income of KRW141.3 billion -

On February 9, 2011 KEPCO E&C announced its revenue to be that of KRW 580.2 billion, with an operating income of KRW 170.4 billion, and a net income of KRW 141.3 billion. They also announced that they plan to pay a dividend of KRW 1,847 per share. Compared to their performance in 2009, the figures represent a 31% increase in revenue, a 76% increase in operating income, s 71% increase in net income, and a 71% increase in dividends. This positive performance for the last year is attributed to the booking of the UAE nuclear power plant, revenue from large nuclear power plant projects such as Shin-Uljin units 1 and 2, and programs to improve operation efficiency.

This fast growth is expected to continue in 2011. The key is the overseas market. “2011 will be an important year for determining the shape of the company 10 years from now. More than half of this year’s business development targets are overseas projects. That clearly shows where KEPCO E&C is headed,” An Seung-kyoo, CEO of KEPCO E&C, said. “By broadening our business focus from the domestic market to the global market, from nuclear power plant to other types like the thermal power plant EPC as well as environmental/new & recycled energy, we will grow into being a ‘Global Top 5 Power EPC Company’ with a revenue of KRW 5 trillion in 2020”
KEPCO E&C expects that their revenue growth will be stable this year with the overseas nuclear power plant projects that will be executed with national strategies in Malaysia, Egypt, South Africa, India, and other countries; as well as the business diversification to the overseas thermal power plant EPC project and the environmental/new & recycled energy businesses. 

The company established the base to enter the global thermal power plant EPC (Engineering, Procurement & Construction) markets, and this year is expected to reap the benefits from it. It feels confident of securing projects in the Southeast Asian market in places like Indonesia, Thailand, Malaysia, Vietnam, and Pakistan; the African market in countries like Ghana, Tanzania, Senegal, South Africa and Nigeria; and the South American market in places like Peru, Chile, and the Bahamas. 

Furthermore, it is expecting project booking and revenue growth from its new & recycled energy businesses worldwide. Some of these sectors will include the marine wind power plant complex project in Jeju, Korea, the waste to energy conversion project in Malaysia, as well as new environment businesses like desulfurization and denitrification.