# Who are Doosan Enerbility's customers? Who does Doosan Enerbility earn revenue from?
Canonical: https://valuechain.wiki/doosan-enerbility · Facet: customers · Updated: 2026-07-12T03:46:20.010477+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Doosan Enerbility's confirmed revenue counterparties include KEPCO (Saudi Jafurah gas turbines), NuScale Power plus 6 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 8 revenue edges, backed by 15 dated sources, 2 of them primary filings (as of 2026-07-12).

### 한국남부발전 (가스터빈 LTSA) (high)
- metric: contract 480,000,000,000원 · 장기 서비스
- note: Long-term gas-turbine service agreements (Andong unit 2 and others) worth ~KRW 480bn; cumulative turbine orders past KRW 1tn.
- [confirms] Seoul Economic Daily (KO, news, published 2026-04-01) https://www.sedaily.com/article/20048041: "KRW 480bn long-term service with KOSPO."
- [confirms] Electric Power Journal (KO, news, published 2025-07-15) https://www.epj.co.kr/news/articleView.html?idxno=34724: "Andong LTSA signed; cumulative turbine orders exceed KRW 1tn."

### 한국전력 (KEPCO, 사우디 자푸라 가스터빈) (high)  → /korea-electric-power.md
- note: Hard evidence of gas-turbine exports pushed by AI/industrial power demand: via KEPCO, Doosan supplies power main-equipment for Saudi Arabia's Jafurah gas-field area for ~$557M (Jun 2026-Jun 2029). Korean large gas turbines securing an export reference marks a structural break beyond domestic demonstration.
- [confirms] FSS DART (KO, filing, published 2026-06-01) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260601801277: "Counterparty KEPCO; Saudi Jafurah; USD 556.84M (Jun 2026-Jun 2029)."
- [mentions] Mirae Asset Securities (KO, research, published 2026-05-01) https://securities.miraeasset.com/bbs/download/2141595.pdf?attachmentId=2141595: "Mirae Asset Buy, target KRW 105,000 (power-equipment supercycle initiation)."

### NuScale Power (high)  → /nuscale.md
- note: A relationship at the physical bottleneck of SMR commercialization: NuScale ordered long-lead forgings, tubing and weld materials for the first 12 upper reactor vessels from Doosan Enerbility, which is both an equity investor and the main-equipment fabricator. Design is American, but few can actually forge large reactor vessels — so as NuScale projects (e.g. TVA's ENTRA1) advance, they flow to Doosan's dedicated Changwon SMR plant (completing 2028, 20 units/yr).
- [confirms] Energy Economy (KO, news, published 2025-09-03) https://m.ekn.kr/view.php?key=20250903024453069: "6GW NuScale program: Doosan supplies RPVs, steam generators and heat exchangers per module; 72 modules equal 24 large reactors."
- [confirms] World Nuclear News (EN, news, published 2025-05-01) https://www.world-nuclear-news.org/Articles/Doosan-starts-forging-components-for-NuScale-SMR: "NuScale ordered long-lead forgings for the first 12 upper vessels from Doosan; forging began at Changwon."
- [confirms] The Guru (KO, news, published 2024-12-27) https://www.theguru.co.kr/news/article.html?no=81415: "Long-lead materials for six SMR upper reactor pressure vessels, through Nov 2027."

### 한국수력원자력 (체코 두코바니) (high)
- note: The symbol of a nuclear-export turnaround after a decade of drought: in Team Korea's Czech Dukovany Units 5-6 (KHNP-led), Doosan supplies the NSSS main equipment (~KRW 4.93tn) and turbine/generator, and — via its Czech subsidiary Doosan Škoda Power — localized the steam turbine (~KRW 320bn). A single project lifts backlog by trillions of won and becomes the reference for follow-on new-build (Poland, Middle East).
- [confirms] FSS DART / Doosan Enerbility (KO, filing, published 2026-03-20) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260320001246: "Czech Dukovany main-equipment order booked; Enerbility backlog KRW 23tn+."
- [confirms] Seoul Economic Daily (English) (EN, news, published 2026-02-18) https://en.sedaily.com/news/2026/02/18/doosan-enerbility-signs-222m-steam-turbine-deal-with-czech: "Steam turbine deal (~$222M) for Czech Dukovany Units 5-6 via Doosan Škoda Power."
- [confirms] ETNews (KO, news, published 2025-12-16) https://www.etnews.com/20251216000443: "KRW 5.6tn total: KRW 4,929bn main equipment plus KRW 711bn turbines; deliveries 2027-2032."
- [confirms] Newsis (KO, news, published 2025-12-16) https://www.newsis.com/view/NISX20251216_0003443379: "NSSS KRW 4,928.97bn; turbines KRW 711.1bn; term to Apr 2038."

### 한국중부발전 (보령신복합) (high)
- note: Domestic 380MW-class gas turbine and steam turbine main equipment for the Boryeong combined-cycle plant (completion 2027).
- [confirms] Electric Power Journal (KO, news, published 2025-07-15) https://www.epj.co.kr/news/articleView.html?idxno=34724: "Boryeong main-equipment contract: domestic 380MW turbines, 2027 completion."

### 북미 빅테크 데이터센터 (가스터빈) (high)
- note: The Korean version of the datacenter-power cycle seen at MHI and Howmet: Doosan booked seven domestic 380MW-class heavy gas turbines (~KRW 1tn) for North American big-tech datacenters plus three at home. A decade of localization meets AI power scarcity, converting into export volume at the front of the cycle.
- [confirms] Financial News (KO, news, published 2026-06-17) https://www.fnnews.com/news/202606170500420532: "~KRW 1tn deal for seven 380MW turbines with a US company."
- [confirms] News1 (KO, news, published 2026-05-27) https://www.news1.kr/industry/general-industry/6178147: "Ten large turbines ordered (7 NA, 3 domestic) on datacenter demand; Q1 backlog KRW 24tn."
- [confirms] Straight News (KO, news, published 2026-04-15) https://www.straightnews.co.kr/news/articleView.html?idxno=300820: "Heavy gas turbines for AI datacenters among orders lifting backlog to KRW 23tn+."

### Coastal Power SAOC (오만 두큼 발전) (high)
- note: Another axis of export diversification: Doosan supplies power main-equipment to a Duqm-region project in Oman for USD 157M + EUR 163M (Jun 2026-Apr 2029). Middle-East power demand is opening new markets for Korean generation equipment.
- [confirms] FSS DART (KO, filing, published 2026-06-01) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260601801277: "Counterparty Coastal Power SAOC (Oman Duqm); USD 157.12M + EUR 163.4M."

### X-energy (mid)
- note: Core-equipment supply agreement (2023) with HTGR SMR developer X-energy.
- [confirms] Doosan Enerbility (KO, ir, published 2023-06-01) https://www.doosanenerbility.com/en/business/smr_nuscale: "NuScale SMR materials deal (2022) and X-energy core-equipment agreement (2023)."

Reverse side: https://valuechain.wiki/doosan-enerbility/suppliers.md · Ripple: https://valuechain.wiki/doosan-enerbility/ripple.md

---
Full node: https://valuechain.wiki/doosan-enerbility.md · JSON: https://valuechain.wiki/doosan-enerbility.json