Doosan Enerbility Lands Qatar Power Plant Component Deal Worth 130 Billion Won

Doosan Enerbility, the industrial power arm of South Korea's Doosan Group, has secured a contract to supply the main components for a large power project in Qatar, extending its expansion across the Middle East's energy market. The Korea-listed company (034020.KS) said the deal is worth roughly 130 billion won.

The order was announced on December 15 and was won jointly with Samsung C&T. It covers equipment for the Facility E Integrated Water and Power Producer (IWPP) project, a scheme that combines electricity generation with water production to meet the Gulf state's growing demand.

The project involves building a 2,400-megawatt gas-fired combined cycle power plant about 10 kilometers southeast of the Qatari capital, Doha. Under the agreement, Doosan Enerbility will supply two 430-megawatt-class steam turbines and two generators, along with auxiliary equipment, with deliveries scheduled to be completed by 2029.

The win marks Doosan's second contract in Qatar this year. In March, the company secured a Peaking Unit Generation Plant order valued at about 290 billion won, underscoring its steady progress in the country.

Combined cycle plants pair gas and steam turbines to capture waste heat and boost efficiency, making them a favored option for governments seeking reliable, lower-emission baseload power. For water-scarce Gulf economies, IWPP schemes that bundle power and desalination have become a central part of infrastructure planning.

The contract reflects a broader strategy by Doosan Enerbility to build on its base in Korea by winning large power-equipment orders abroad, particularly in the Middle East, where energy investment remains robust. Partnering with Samsung C&T, one of Korea's leading engineering and construction groups, gives the company added reach on major international projects.