---
title: "ZAWYA: South Korea's KEPCO bags Jafurah power plant contract in Saudi Arabia"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288684688.md"
description: "Korea Electric Power Corporation (KEPCO) secured the contract for the second phase of Saudi Arabia's Jafurah combined cycle power plant project, signing a power and steam sales agreement with Saudi Aramco. Doosan Enerility received an EPC contract worth 840 billion won ($556 million). The 331 MW plant, funded by Korea's Export-Import Bank, is scheduled to complete in June 2029 and will supply Aramco for 17 years, generating 1.2 trillion won in export revenues."
datetime: "2026-06-04T07:56:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288684688.md)
  - [en](https://longbridge.com/en/news/288684688.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288684688.md)
---

# ZAWYA: South Korea's KEPCO bags Jafurah power plant contract in Saudi Arabia

**Staff Writer**

Korea Electric Power Corporation (KEPCO) has won the contract for the second phase of the Jafurah combined cycle power plant project in Saudi Arabia, according to a news report.

The company signed a power and steam sales agreement with Saudi Aramco for the second phase of the Jafurah power plant construction and operation project, the state-owned Yonhap News Agency reported, citing a company statement.

The value of the contract was not given.

In a separate statement, South Korea's Doosan Enerility said it received an Engineering, Procurement, and Construction (**EPC)** contract valued at 840 billion won ($556 million) from KEPCO for the plant.

The Jafurah project aims to build a combined-cycle power plant with an installed capacity of 331 megawatts (MW), producing approximately 465 tonnes of steam per hour.

Upon completion in June 2029, the plant will supply Aramco with power and steam for 17 years.

A special purpose vehicle (SPV) established by KEPCO in partnership with Aramco will manage the project.

Funding for the contract has been secured from the Export-Import Bank of Korea.

KEPCO expects the project to generate combined export revenues of 1.2 trillion Korean won for local companies, the report said.

(Editing by Anoop Menon) (anoop.menon@lseg.com)

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