RIYADH: Korea Electric Power Corp., also known as KEPCO, has won the contract to develop Saudi Aramco’s planned Jafurah cogeneration independent steam and power plant. The South Korean utility developer and investor won the contract after facing tough competition from two local firms ACWA Power and Al Jomaih, MEED reported, quoting people familiar with the matter. Aramco issued the request for proposals for the scheme in the final quarter of last year, and bids were received in February 2022. The proposed Jafrua cogen plant will have a power capacity of 270-320 MW and low-pressure steam demand of 77-166 thousand pounds an hour and high-pressure steam demand of 29-126 klb/hour by 2023, the report added. The report further noted that the LP and HP steam demand will increase to 283-373 klb/hr and 66-321 klb/hr respectively by 2027