Overseas Power Plant Operations and
Infrastructure Asset Investments
Overseas Power Plant Operations and Infrastructure Asset Investments
GnCenergy invests in, acquires, and operates overseas energy and infrastructure assets to expand its global business base. GnCenergy currently owns and operates 100% of the LAE Power Plant in Papua New Guinea, establishing a stable revenue structure. Based on this foundation, GnCenergy is continuously reviewing investment opportunities for energy and infrastructure assets in various regions, including advanced markets.
Papua New Guinea Munum Power Plant
GnCenergy operates the Munum power plant acquired from POSCO International in 2024. As a 34 MW independent power generation asset, the plant supplies reliable power under a local PPA and serves as a strategic foundation for expanding GnCenergy’s global energy infrastructure business.
| Plant Name | Munum Power Plant |
|---|---|
| Project Site | LAE City, Papua New Guinea |
| Installed Capacity | 34MWh (8.7MWh × 4units) |
| Fuel used | Heavy Fuel Oil (HFO) |
| Asset Overview | 30MWh Heavy Oil Power Plant in Papua New Guinea |
| Plant Configuration | 4 Units of 18V 32/40 GenSets |
| Business Terms | June 2017 – June 2032 (15 years) - Long-term contracts based on Power Purchase Agreement (PPA) - Independent generation infrastructure and grid facilities |
| Business Performance | 2025 Sales PGK 115,654,208 (KRW approx. 38.7 billion) |
| Key Milestones |
- 2024 Acquired from POSCO International company - 2017 Commenced commercial operation - 2014 Signed PPA - 2013 Approved the project |
