Sales of 58 trillion 600 billion… Impact of international fuel price decline and management efficiency promotion
(Sisa Today, Sisa ON, Sisa On = Reporter Byungmook Kim)
On the 19th, KEPCO (CEO Jong-gap Kim) announced that it achieved KRW 58 trillion in sales and KRW 4.4 trillion in operating profit on a consolidated basis in 2020. Operating profit turned to black with an increase of 5.4 trillion won compared to the previous year.
KEPCO’s fuel costs for power generation subsidiaries and electricity purchase costs for private power generation companies decreased by 6 trillion won due to the continued decline in fuel prices such as oil prices. He explained that it achieved a cost reduction effect of about 470 billion won by promoting efforts to reduce power supply costs.
KEPCO said on the day, “KEPCO and the electric power group are trying to minimize the factors of increasing electricity rates and continuously promote profit improvement efforts by reducing the cost of electricity supply through the reorganization of the electricity rate system and management efficiency.” “We will continue to promote net investment for implementation, and will spur the expansion of ESG management, such as developing low-carbon and eco-friendly overseas business, and raising funds for expansion of renewable investment.”
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