Macquarie Korea Infrastructure Fund
Assets
Established in 2000, Sorabol City Gas Co., Ltd. (“SRB”) is the exclusive city gas retail distributor in two regions in Gyeongsangbuk-do in Korea. In 2022, SRB distributed 211 million m3 of gas to 133,125 users across the two regions through its 556km of pipelines. At the end of 2022, SRB achieved the penetration rate of ~71% in the two regions in Gyeongsangbuk-do.
MKIF, through Bomun Clean Energy Ltd. (“BCE”) as its investment vehicle, has invested in SRB. As of the record date, MKIF is a 100% shareholder of SRB through BCE, and MKIF’s total investment amount is KRW 87.1 billion (equity KRW 8.7 billion and shareholder loan KRW 78.4 billion).
| Business overview | |
| Asset company | Sorabol City Gas Co., Ltd. |
| Establishment | 2000 |
| Operation period | Going-concern |
| Business | Distribution & sale of city gas and associated products |
| Distribution area | 2 regions in Gyeongsangbuk-do (Gyeongju-siand Yeongcheon-si) |
| Facilities | |
| Pipeline length* | Total 556km |
| No. of users* | 133,125 |
| Amount of gas distributed* | 211 million m3 |
*Pipeline length as at the end of 2022, and no. of users and amount of gas distributed are during 2022.
