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Doosan Enerbility Secures $200 Million Qatar Power Plant Deal in Joint Venture

South Korean firm partners with PowerChina to build 500-megawatt gas facility south of Doha
South Korea
d 034020.KO Mid and Small Cap 2000
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Doosan Enerbility Co. has won a $200 million contract to help build a gas-fired power plant in Qatar, expanding the South Korean company’s footprint in the Middle East energy sector.

The deal, signed March 3 with Qatar Electricity & Water Co., is part of a broader $439.5 million project awarded to a consortium that includes Doosan and Power Construction Corporation of China. The contract covers engineering, procurement and construction of a 500-megawatt single-cycle peak generation facility.

Located in the Ras Abu Fontas Industrial Zone south of Doha, the plant will feature two F-class advanced gas turbine generator units along with supporting systems. The project is scheduled for completion by January 2027.

The peak-load power plant is designed to enhance grid stability by meeting electricity demand during high-usage periods. This aligns with Qatar’s National Vision 2030 strategy to develop a more efficient energy mix as the country prepares for long-term economic diversification.

For Doosan Enerbility, which will handle approximately half of the project’s scope, the deal represents a significant addition to its international portfolio at a time when global energy infrastructure development faces increased scrutiny over environmental impacts and transition plans.

The contract adds to Qatar’s ongoing investments in energy infrastructure as the natural gas-rich nation continues developing its power sector while navigating global pressure to balance fossil fuel development with cleaner energy goals.

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