Doosan Enerbility has signed a contract valued to be KRW 2.2 trillion for building combined cycle gas turbine power plants in Saudi Arabia.

Doosan Enerbility announced on March 13th that it had signed a contract with the KEPCO-led Consortium*, the project developer, regarding construction of “Saudi Arabia’s Rumah-1 and Nairyah-1 Combined Cycle Gas Turbine(CCGT) Power Plants.” As the EPC contractor, Doosan Enerbility will be handling the entire process, from design to equipment supply, installation and commissioning, together with its consortium partner SEPCO-3, an engineering company specializing in power plant construction, with the project target date being set as 2028.* Consortium consisting of Korea Electric Power Corporation (KEPCO), Saudi Electricity Company(SEC) and ACWA Power, Saudi Arabia’s largest independent power producer.

The Rumah-1 and Nairyah-1 project, which was commissioned through an international bid by the Saudi Power Procurement Company(SPPC), entails building combined cycle gas turbine power plants, each with a capacity of 1,800MW, at the two respective sites which are located at a distance of 80km and 470km to the northeast of Riyadh.  The arrangement is to have the generated power sold to SPPC under a 25-year agreement. The KEPCO-led consortium had entered into a Power Purchase Agreement (PPA) with SPPC last November.

“This contract proves once again the superiority and competitiveness of Doosan Enerbility’s construction capabilities on the global stage in the midst of the growing demand for energy in the Middle East,” said Hyeonho Lee, CEO of Doosan Enerbility’s Plant EPC Business Group. “We will do our utmost to ensure a stable supply of electricity for Saudi Arabia.”

Recently, the electricity demand in Saudi Arabia has been steadily growing. According to the global market research firm Mordor Intelligence, it is forecast that there will be on average an annual increase of 6GW of new power plants in Saudi Arabia,  with the number rising from 92.9GW in 2025 to 123.2GW by 2030.