KOMIPW’s July 2026 Green and Climate Transition Finance Framework identifies projects linked to the retirement of Boryeong coal units 5 and 6, their replacement with LNG combined-cycle generation and a longer-term pathway towards hydrogen conversion. This is a project-based transition case, rather than a general framework for financing gas generation.
The timing creates an additional consideration. KOMIPW has a USD300 million conventional bond maturing in August 2026, shortly after the new transaction. Although the issuance occurs against a refinancing backdrop, Climate Transition Bond proceeds must be allocated to eligible green and transition projects rather than used for general refinancing.
