Key facts
- Doosan Enerbility secured a 530 billion-won ($350 million) contract to build a power plant in Oman.
- The plant will be an 870-megawatt combined cycle facility located in Duqm.
- Doosan Enerbility will form an EPC consortium with China's SEPCO-3 for the project.
- The company will supply key equipment, including steam turbines and generators.
- The project is scheduled for completion by 2029.
Doosan Enerbility Co., a prominent South Korean plant builder, announced on Monday that it has secured a significant contract valued at 530 billion won (approximately $350 million) to construct a combined cycle power plant in Duqm, Oman.
The company will collaborate with China's SEPCO-3 to form an engineering, procurement, and construction (EPC) consortium for the 870-megawatt facility. Doosan Enerbility's role will also encompass the manufacturing and supply of critical components, including steam turbines and generators.
The power plant, slated for completion by 2029, is situated within a special economic zone in Duqm, a location 550 kilometers south of Oman's capital, Muscat. This development is anticipated to address the escalating electricity demands in southern Oman and bolster the region's power supply stability.
The consortium involved in this project comprises Korea Western Power, Qatar's Nebras Power, the United Arab Emirates' Etihad Water and Electricity, and Oman's own Bahwan Infrastructure Services.
Lee Hyun-ho, head of Doosan Enerbility's plant EPC division, stated that the company's extensive experience in the Middle East and its EPC capabilities were key factors in winning the deal. He expressed optimism that the project's success would lead to further business opportunities in the region.