Korean sponsors close Guam project financing

14 May 2020 - 12:00 am UTC

Korean Electric Power Co. (KEPCO) and LG CNS, a subsidiary of LG Corp., have reached financial close on a non-recourse debt package supporting a USD 200m solar-plus-battery project in Guam, a US territory in the Western Pacific, according to a KEPCO announcement issued yesterday.

The two companies, which are sponsors of a project company named KEPCO-LG CNS Mangilao Solar, had been targeting a May close for the financing, but it wrapped up on April 29.

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