Doosan Enerbility Secures 837 Billion KRW EPC Contract for Saudi Jafurah Phase II Cogeneration Plant, Bolstering Long-Term Revenue Visibility

Doosan Enerbility has secured an EPC contract worth approximately 837 billion KRW (USD 556.8 million) from Korea Electric Power Corporation (KEPCO) for the Jafurah Phase II Cogeneration Plant in Saudi Arabia.
The contract amount represents 4.9% of the company's 2025 consolidated revenue (approx. 17.06 trillion KRW), with a project duration from June 2026 to June 2029.
This order reaffirms Doosan Enerbility's global competitiveness in power generation and desalination, and enhances prospects for additional orders in the Middle East.
No equity dilution or financial deterioration is involved; existing shareholder value remains intact.
[AI Summary]This contract award is a positive disclosure that will likely boost the company's order backlog and revenue visibility, with a favorable short-term impact on the stock price.