KEPCO wins 1.4 billion dollar Saudi power project
KEPCO signed a 1.4 billion dollar deal with Saudi Aramco for the Jafurah power project. The plant will supply power and steam for 17 years starting in 2029.
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KOREA ELECTRIC POWER CORP secured a $1.4 billion contract to build and operate the second phase of the Jafurah cogeneration plant in Saudi Arabia. This expansion follows a 2022 tender win and strengthens the presence of KOREA ELECTRIC POWER CORP in the Middle Eastern energy market. The project provides a stable 17-year revenue stream totaling 2.1 trillion won.
