DOOSAN ENERBILITY Secures 528.9 Billion KRW Duqm Independent Power Project in Oman, Boosting Overseas Backlog
DOOSAN ENERBILITY has won the Duqm Independent Power Project in Oman valued at approximately 528.9 billion KRW, representing 3.1% of its 2025 consolidated sales.
The contract is with Coastal Power SAOC, with a duration from June 2026 to April 2029. The contract amount is based on USD 157.12 million and EUR 163.396 million converted at prevailing exchange rates.
This order increases DOOSAN ENERBILITY's overseas EPC backlog, contributing to medium- to long-term revenue stability. However, as a large overseas project, local construction risks and currency volatility are investment considerations.
[AI Summary]DOOSAN ENERBILITY has successfully expanded overseas by winning a major power project in Oman. The contract size is meaningful at 3.1% of sales, and additional orders are anticipated. While it may provide short-term stock momentum, managing overseas project risks remains crucial.