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Power Utility

Staff Reporter

, Korea

Published:

12 years ago

Public power firms see debt spike on higher production costs: report

South Korea's state-run energy companies saw their debt grow sharply over the past five years as rising raw material prices drove up overall production costs, a report showed Monday.

According to the report submitted by the Ministry of Knowledge Economy for a parliamentary audit, Korea Electric Power Co. (KEPCO), the nation's sole power supplier, posted 33.4 trillion won (US$29.9 billion) in debt last year, up from 20.6 trillion won tallied in 2006.

Yonhap News.

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