Doosan Enerbility has secured the engineering, procurement and construction contract for Phase 2 of the Jafurah Combined Heat and Power Plant in Saudi Arabia, in a deal valued at approximately 840 billion Korean won (roughly US$600 million). Announced on June 1, 2026, the contract was awarded through a consortium arrangement between Korea Electric Power Corporation (KEPCO) and Saudi Aramco, with KEPCO serving as project developer and operator while Doosan Enerbility executes the full EPC scope from design and engineering through to equipment procurement, installation, and commissioning. The plant will be sited near the Jafurah gas field, approximately 400 kilometres east of Riyadh. Once operational, it will generate 330 megawatts of electricity and produce 465 tons of steam per hour to supply dedicated power and heat to the adjacent gas field complex. Primary equipment including the steam turbines will be manufactured and supplied by Doosan Skoda Power, a Czech subsidiary of Doosan Enerbility. The project targets completion in 2029 and follows directly from Phase 1, which was secured in 2022 at a value of approximately 540 billion won and is currently approaching commissioning with a capacity of 320 megawatts and 314 tons of steam per hour.

The Gulf’s Cogeneration Boom and the Korean Contractor Model

The Phase 2 award reflects a deliberate and expanding pattern of South Korean firms capturing vertically integrated energy infrastructure mandates across the Gulf. Doosan Enerbility has accumulated over 2.2 trillion won in Saudi project wins in recent years alone, including a large-scale gas combined cycle plant secured in 2025, a PP12 gas combined cycle facility worth approximately 890 billion won, and a Qatar Electricity and Water Company gas power plant worth approximately 290 billion won. KEPCO and Doosan effectively operate as a package bid in this market, with the Korean utility providing the development and financing framework while Doosan delivers the engineering. This model has proven compelling to clients like Saudi Aramco, which requires high-availability cogeneration assets that can keep pace with the Jafurah field’s ramp-up as one of the kingdom’s most strategically significant non-associated gas developments. The broader regional energy infrastructure picture is equally ambitious. The Egypt-Saudi Arabia HVDC electricity interconnection project, a US$1.8 billion cross-border link designed to exchange up to 3,000 megawatts between the two countries, entered its final testing phase in early 2026 and is expected to go live imminently, with Pole I commissioning already underway. Together, projects like these signal that the Gulf and wider MENA region are moving from isolated generation assets toward integrated, resilient energy systems at scale.

Project Fact Sheet

• Project Name: Jafurah Combined Heat and Power Plant Phase 2
• Location: Near Jafurah Gas Field, approximately 400 km east of Riyadh, Saudi Arabia
• Project Value: Approximately 840 billion Korean won (approximately US$600 million)
• Client/Owner: Saudi Aramco
• Developer and Operator: Korea Electric Power Corporation (KEPCO)
• EPC Contractor: Doosan Enerbility
• Key Components: 330 MW power generation capacity; 465 tons of steam per hour; steam turbines and generators supplied by Doosan Skoda Power
• Procurement Model: Engineering, Procurement and Construction (EPC)
• Project Management Consultant: WSP Canada
• Expected Completion: 2029
• Strategic Impact: Provides dedicated power and heat supply to Saudi Aramco’s Jafurah gas field operations; expands on a Phase 1 plant nearing commissioning at 320 MW capacity

Project Team

• Client/Owner: Saudi Aramco
• Developer and Operator: Korea Electric Power Corporation (KEPCO)
• EPC Contractor: Doosan Enerbility
• Steam Turbine and Equipment Supplier: Doosan Skoda Power
• Project Management Consultant: WSP
• Regulatory Authority: Saudi Energy Regulatory Authority (SERA)