KEPCO wins Saudi Arabia's two gas power plant projects

Quick Summary:

In partnership with Saudi Electricity Co.(SEC) and ACWA Power, Saudi Arabia’s largest independent power producer, KEPCO expects the deal to generate 4 trillion won ($3 billion) in overseas revenue during its operational period.

KEPCO has also expanded its portfolio recently, winning the Saudi Round 5 Sadawi solar power project from SPPC and an energy storage system (ESS) a linked solar project commissioned by Guam Power Authority in the US.

Korea Electric Power Corp.(KEPCO) announced on Thursday that it was selected as the final successful bidder to build and operate two 1.9GW combined cycle gas power plants in Saudi Arabia.

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Article Details

Category: Economy

Markets: South KoreaGuamSaudi Arabia

Topics: Korea Build Corp Saudi Kepco Electric Arabia Company Power Billion) Trillion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 12:10:31 (4 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 210 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23813746

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