Korea Electric Power Corporation (KEPCO), led by President& CEO Kim Dong-cheol, has been selected as the preferred bidder for theSaudi Round 5 Sadawi Solar Power Project, an international tender issued by theSaudi Power Procurement Company (SPPC). The company is now preparing tofinalise a power purchase agreement (PPA).

Additionally, KEPCO has won the Guam ESS-Integrated SolarPower Project, a bid issued by the Guam Power Authority (GPA), marking itssecond consecutive success in securing large-scale solar power projects.

‍Saudi Round 5 Sadawi Solar Project

‍The Saudi Round 5 Project involves the construction of a2,000MW solar power plant, set for completion by 2027. Over the next 25 years,all generated electricity will be sold to SPPC under a long-term power purchaseagreement.

The project is being carried out by a consortium led byKEPCO and UAE renewable energy developer Masdar. The project site isapproximately 14 times the size of Yeouido, with 3.7 million solar panels to beinstalled, making it one of the largest solar power projects in the world.

Through this project, KEPCO expects over KRW 540 billion inoverseas revenue (based on its equity stake). Furthermore, its strategicpartnership with Masdar will pave the way for further renewable energy projectsacross the Middle East.

‍Guam ESS-Integrated Solar Project

‍The Guam ESS-Integrated Solar Project involves theconstruction of a 132MW solar power facility, integrated with an 84MW batteryenergy storage system (BESS) capable of four-hour operation. The plant isexpected to be completed by 2027, with all electricity sold to the Guam PowerAuthority (GPA) under a long-term PPA.

KEPCO, alongside Korea East-West Power and Samsung C&T,formed the "Team Korea" consortium to bid for the project. Theconsortium secured the contract through a competitive international tender,with 100% of the project’s equity held by Korean firms, maximising economicbenefits for South Korea.

Under the 25-year power purchase agreement, KEPCO expectsover KRW 600 billion in overseas revenue. Samsung C&T will be responsiblefor construction, further boosting Korean exports and engineering expertise.

KEPCO has already been operating the Mangilao Solar Projectand Ukudu Gas-Fired Combined Cycle Power Plant in Guam. With this new project,KEPCO will supply approximately 54% of Guam’s total power capacity, playing akey role in transitioning the island’s outdated, diesel-based energy system toclean energy sources.

‍Expanding KEPCO’s Global Renewable Energy Leadership

‍With these two major project wins, KEPCO continues to expandits role as a key leader in global energy transition. Beyond its domestic powerbusiness, KEPCO aims to strengthen its financial position by generating newrevenue streams from overseas renewable energy markets.

Furthermore, KEPCO is actively developing competitive newtechnology business models to tap into the rapidly growing global energysector. Through its "Team Korea" strategy, the company seeks tocollaborate with Korean enterprises to expand into international energymarkets.

KEPCO also aims to leverage advanced energy technologies todrive South Korea’s power industry beyond domestic borders, positioning thecountry as a leading player in the global energy transition. As South Korea’srepresentative public energy enterprise, KEPCO is committed to playing apivotal role in the nation’s future economic growth through its global energyventures.