Doosan Enerbility Scores Another 890 Billion KRW Win in Saudi Arabia... Gas Combined Cycle Power Plant Contract

6.7 Trillion KRW in Contracts Secured in Saudi Arabia Over the Past Five Years
Rapid Surge in Electricity Demand in Saudi Arabia

Doosan Enerbility has secured a contract worth 890 billion KRW to construct a gas combined cycle power plant in Saudi Arabia. As a result of focusing on the rapidly growing electricity demand in the Saudi market, Doosan Enerbility's contract value in Saudi Arabia over the past five years has reached 6.7 trillion KRW.

Doosan Enerbility announced on the 14th that it signed a contract with the Saudi Electricity Company, the client, for the construction of a gas combined cycle power plant worth 890 billion KRW. In this PP12 (Power Plant 12) gas combined cycle power plant construction project, won through a consortium with SEPCO3, a power plant construction specialist company, Doosan Enerbility is responsible for design, supply of major equipment, and comprehensive commissioning.

The PP12 gas combined cycle power plant is scheduled to be completed in 2028 with a capacity of 1800MW, located about 150km northwest of Riyadh, the capital of Saudi Arabia. The Saudi Electricity Company is promoting this project to promptly respond to the rapidly increasing electricity demand in Saudi Arabia.

Hyunho Lee, Head of the Plant Design, Procurement, and Construction (EPC) Business Group at Doosan Enerbility, said, "Saudi Arabia's electricity demand continues to increase, with power plants expanding by about 6GW annually over the next five years. This year alone, we have proven our competitiveness by signing four power plant construction contracts in the Middle East, including the Qatar peaking unit, Saudi Ruma1, Nairiya1, and PP12. We will continue to expand our market presence."

Including this project, Doosan Enerbility has secured projects worth approximately 6.7 trillion KRW in Saudi Arabia over the past five years. On the 12th, contracts for the Ruma1 and Nairiya1 gas combined cycle power plants were signed. Prior to that, the company won contracts for the construction of the Jafurah cogeneration power plant, the Tuwaik forging plant, and the Yanbu4 and Shuaiba3 seawater desalination plants.