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Kumho E&C Revises LNG Plant Contract Value

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Kumho Engineering & Construction (KRX:002990) has revised the contract value for its Gumi LNG power plant project to 369.9 billion won from 364 billion won, according to a Tuesday bourse filing.

The project, originally awarded in September 2022, involves constructing a 500MW natural gas facility for Korea Western Power in North Gyeongsang Province.

The project is scheduled for completion by Aug. 31, 2026.

The contract value and timeline remain subject to potential adjustments due to design changes or shifting project conditions, the filing stated.

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