Qibco to Build Power Plant for Aramco
Korea's Kepco announced that it has won the second phase contract for the Jafura Combined Cycle Power Plant project in Saudi Arabia. The project involves constructing a plant with a capacity of 331 megawatts and producing 465 tons of steam per hour. The plant is scheduled to be completed by June 2029, and will supply Aramco with power and steam for 17 years, with estimated revenues of around $1.4 billion. The project will be operated by a special purpose company, with participation from Doosan Energy and the Export-Import Bank of Korea.
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