DL E&C secures 550 billion won EPC contract for eco-ready power plant in Jeju

South Korean builder DL E&C has secured a 550 billion won engineering, procurement, and construction contract from Korea East-West Power to construct a 150-megawatt gas combined-cycle power plant on Jeju Island by 2030, utilizing advanced digital project management and hydrogen-ready turbine technology.

South Korea's utility infrastructure is set for a technological upgrade following official disclosures that DL E&C has been awarded a sole 550 billion won contract by Korea East-West Power. Under the agreement, the engineering and construction firm will execute the entire engineering, procurement, construction, and commissioning lifecycle for a new 150-megawatt gas combined-cycle power plant located in the Dongbok-ri area of Jeju. DL E&C is a prominent South Korean construction and engineering corporation specializing in large-scale infrastructure, petrochemical plants, and energy facilities globally.

Scheduled for completion in 2030, this infrastructure asset addresses critical grid stability challenges on Jeju Island, an area increasingly reliant on intermittent renewable energy sources. To ensure high capital efficiency and project execution speed, DL E&C will deploy Advanced Work Packaging, a standardized digital platform that integrates design, logistics, and field construction workflows. The asset will also feature a synchronous condenser to stabilize grid frequency and voltage.

The strategic positioning of this facility carries notable policy and investment implications for the East Asian energy transition. By incorporating turbines capable of co-firing hydrogen, the plant is engineered for a future transition into a zero-emissions clean hydrogen facility. This design choice aligns with regional decarbonization mandates while providing a blueprint for industrial developers and institutional investors looking to mitigate the long-term asset stranding risks associated with traditional fossil-fuel infrastructure.