Korea Electric Power Corp Q1 2022 Earnings Call (English, Korean) Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Minjae Lee - NH Investment & Securities Co., Ltd., Research Division - Analyst : [Interpreted] I have 2 questions. First is on the utilization rate for the nuclear power plant. You mentioned that the outlook would be late 70%, but when you look at the utilization rate for June, it is mid-80% level. And when you also reflect the planned maintenance plan announced by KHNP where the number should also remain at mid-80% level. So how did you calculate the number to reach mid- to late 70% level for the nuclear power plant utilization rate. And also if you can share with us the CapEx plan for the GENCOs, that would be great. Heon-Gyu Park - Korea Electric Power Corporation - Corporate Senior EVP, Chief Financial & Strategic Planning Officer and Executive Director [Interpreted] To answer your first question on the nuclear power plant utilization rate, the overall utilization rate is calculated based on the planned maintenance plan of each of the nuclear power plant as well as on plant maintenance plan as well. So the numbers could be different from the number you calculate with the currently released planned maintenance plan. To answer your second question on GENCO's CapEx on renewable energy, they are currently engaged in direct and indirect investment in this area and to invest into offshore wind as well as renewable energy sources. And to just look into the direct CapEx level going into offshore energy, renewable energy, on an annualized basis, we believe it will be somewhere around KRW 900 billion in CapEx. For a detailed plan and the CapEx schedule, we will go back and get back to you on the details.