Korea Electric Power Corporation announced on the 28th that it has signed a project contract for the Luma 1 and Nairiya 1 combined cycle gas power generation projects in Saudi Arabia. The contract period is 25 years, from this date until May 31, 2053.
The sales revenue according to the contract is $1.474 billion based on KEPCO's stake for the Luma 1 project, and $1.5 billion based on KEPCO's stake for the Nairiya 1 project. Sales of approximately 4 trillion KRW are expected.
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