KEPCO Wins $2.5 Billion Deal from Saudi Electric for 1,200-Megawatt Oil-Fueled Power Project

BANGALORE, INDIA--December 22, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--A consortium of Korea Electric Power Corporation (NYSE:KEP) (KEPCO) (Seoul, South Korea) and ACWA Power Company (Riyadh, Saudi Arabia) secured a deal valued at $2.5 billion from Saudi Electric Company (SEC) (Riyadh) to develop and operate an oil-fueled power plant in Saudi Arabia.

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