ACWA Power, Saudi Electricity Company (SEC), and Korea Electric Power Corporation (KEPCO) have reached financial close on the Rumah 1 and Nairyah 1 Saudi power projects. These projects represent a combined investment of $4 billion. The financial close is a crucial milestone for these large-scale energy developments.
The Rumah 1 and Nairyah 1 projects are designed to provide 3.6 gigawatts of power capacity. KEPCO's involvement in these ventures underscores its strategic commitment to expanding its international footprint and contributing to global energy infrastructure. This move solidifies KEPCO's role in the Saudi energy market.
Reaching financial close ensures the necessary funding is secured for the projects to proceed, moving them closer to their operational phases. This development reinforces KEPCO's long-term revenue prospects from its international investments.
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