The contract for the Saudi Arabia Jafurah Plant Project has officially been signed. Impressively, the cogeneration facility will operate with power generation as well as steam generation.
The plant will be approximately 400 kilometers east of Riyadh. Furthermore, it will supply heat and electricity to the Jafurah Gas Field. By 2025, the Saudi Arabia Jafurah Plant Project aims to begin construction as well as development works.
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The Jafurah Plant Project Boasts A 314 tons/hour Steam Generation Capacity
The value of the project’s contract is said to approximately be $383 million. Doosan Enerbility on the 23rd of September signed the contract with Korea Electric Power Corporation (KEPCO). The firm will oversee the development as well as the operation of the project. Meanwhile, Doosan will be the Engineering, Procurement, and Construction (EPC) contractor.
As a result, it will handle the overall process from the equipment supply to the design. Additionally, it will also handle the installation as well as the plant commissioning. Impressively, the plant will boast a steam generation capacity of 314 tons an hour. On the other hand, the plant will also have a power generation capacity of 320 megawatts.
The CEO of Doosan Enerbility’s Plant EPC Business Group spoke about the project. Inwon Park said that the firm finds it meaningful to participate in yet another new and global build project as a Team Korea Member. He forecasted that over the next five years, combined cycle power plants within the Middle East Region will observe well about 30GW worth of new orders, especially in Saudi Arabia.
Thus, through projects like the Saudi Arabia Jafurah Plant Project, the firm will steadily solidify in the Saudi Arabia market. Impressively, in just this year alone, the firm won new orders that were valued at well over $1.6 billion. Additionally, the firm inked a deal for a contract for the construction of a casting and forging facility. Of which bears a total value of well about $700.4 million.
