KEPCO Engineering & Construction Co, Inc.: Update to credit analysis - New nuclear power projects will support earnings and cash flow
Our credit view of this issuer reflects its strong capital structure with practically no debt, against its small scale.KEPCO Engineering & Construction is engaged in the engineering business. Co.'s activities are divided into the following areas: nuclear power business, which consists of architecture engineering business and nuclear steam supply system design business; power plant business, which is engaged in the construction and maintenance of coal-fired power plants, combined cycle and cogeneration plants, transmission and distribution systems. Co. also provides air pollution control equipment including the flue gas desulfurization systems, and DeNOx systems, as well as water treatment facilities, wastewater treatment facilities, wastewater recycling facilities, and sanitary water treatment facilities.
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