GS AI Infrastructure to Buy AIDC Power Project for 247.9 Billion Won
GS AI Infrastructure disclosed the acquisition of underground transmission lines and substation facilities from affiliate GS E&C, with the deal scheduled for December 31, 2028.
GS AI Infrastructure has disclosed a decision to acquire the GS Donghae AIDC power transmission and substation construction project for 247.9 billion won, according to digitaltoday.co.kr. The board approved the resolution on October 14, 2026, and the disclosure was made on October 19, 2026.
The acquisition covers underground power transmission lines, underground conduits and related substation facilities, the company said. The stated purpose is to build power infrastructure for AIDC construction.
The counterparty is GS E&C, an affiliated company belonging to the GS business group. The acquisition method is direct purchase, with progressive payments at each construction stage after the contract is signed, funded by equity capital.
The transaction is scheduled to be completed on December 31, 2028.
GS AI Infrastructure is a company newly established this year, and its total assets figure is based on paid-in capital at establishment.
Quick answers
How much is GS AI Infrastructure paying for the AIDC power project?
The acquisition is valued at 247.9 billion won.
Who is the seller in the transaction?
The counterparty is GS E&C, an affiliated company in the GS business group.
When is the acquisition scheduled to be completed?
The acquisition is scheduled for December 31, 2028.