Doosan Enerbility Signs KRW 1.15tn Contract for Combined Cycle Power Plant in Kazakhstan

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Doosan Enerbility announced that it had signed a contract with Turkistan LLP, a subsidiary of Kazakhstan’s sovereign wealth fund Samruk-Kazyna, for constructing the “Turkistan Combined Cycle Power Plant.”  Doosan formed a consortium with Bazis, a local construction company, for the project bidding, resulting in a contract win worth approximately KRW 1.15 trillion for Doosan.

The 1,000MW power plant will be built in Shymkent, a major industrial region located in southern Kazakhstan. Being an EPC project, Doosan Enerbility will be taking on the overall process including the design to equipment supply, installation and commissioning process, all of which is to be completed by August 2026.

“The successful construction of the Karabatan Combined Cycle Power Plant in 2020, despite the challenges of the COVID-19 situation, helped us win the trust of our client, which in turn served as the foothold to win this project,” said Yeonin Jung, President and COO of Doosan Enerbility.  “We will do our utmost to ensure the successful execution of the Turkistan Combined Cycle Power Plant Project, to further solidify our position in the Kazakh power generation market.”

Doosan Enerbility had together with Karabatan Utility Solutions (KUS), a subsidiary of Samruk-Kazyna, won the contract for the 310MW Karabatan Combined Cycle Power Plant in 2015, culminating in the successful construction in 2020. Doosan has been expanding its presence in the global market by successively winning several new build projects for combined cycle power plants in recent years, such as the Ukudu plant project in Guam in 2020 and the Jafurah project in Saudi Arabia in 2022.

Source: Doosan Enerbility

Doosan Enerbility Signs EPC Contract for Jafurah Cogeneration Plant Project in Saudi Arabia

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Doosan Enerbility announced that it had signed a contract valued at approximately KRW 540 billion for the “Saudi Arabia Jafurah Cogeneration Plant” construction with Korea Electric Power Corporation (KEPCO). As the project developer, KEPCO will oversee the project development and operation, while Doosan in its role as EPC contractor will handle the overall process starting from design to the equipment supply, installation, and plant commissioning.

The Jafurah Cogeneration Plant is to be constructed at a location that is approximately 400km east of Riyadh, the capital of Saudi Arabia. It is scheduled to be built by the second half of 2025, and once it is set up, it is expected to have an electric power generation capacity of 320MW and steam generation capacity of 314 tons per hour, to ensure the supply of electricity and heat to the Jafurah Gas Field.

“Following on the heels of the Ukudu Combined Cycle Power Plant project in Guam that we won in 2020, we find it truly meaningful to be able to participate in another global new build project like this as a Team Korea member,” said Inwon Park, CEO of Doosan Enerbility’s Plant EPC Business Group. “Over the next five years, as it is forecast there will be close to 30GW worth of new orders for combined cycle power plants in the Middle East region, particularly in Saudi Arabia, we plan to strengthen our market targeting efforts in this region.”

Doosan Enerbility is steadily solidifying its position in the Saudi Arabian market as made evident in how it has won over KRW 2.3 trillion worth of new build orders in the region this year alone. A contract for the construction of a casting & forging facility valued to be KRW 1 trillion was won this past February and another KRW 840 billion contract for a seawater desalination plant was won in August this year.

Source: Doosan Enerbility