Doosan Heavy inks 690 bln-won deal to build power plant in Vietnam

L.P

13:17 11/03/2016

BizLIVE - According to Yonhapnews, Doosan Heavy Industries & Construction Co., a leading South Korean power equipment maker, said Friday that it has signed a 690 billion-won (US$571.9 million) contract to build coal-fired power facilities in Vietnam.

Doosan Heavy inks 690 bln-won deal to build power plant in Vietnam

Doosan and Vietnamese officials sign a contract on power plant construction in a ceremony in Hanoi on March 11, 2016. (Photo courtesy of Doosan Heavy Industries & Construction)

The deal inked with a local state-run power company calls for Doosan Heavy to build additional facilities at a coal-fired thermal power plant being constructed in Binh Thuan, 230 kilometers east of Ho Chi Minh City, the company said.
Doosan Heavy has been building the plant since 2013, and the latest contract is to add main and other auxiliary facilities to it. Their construction is scheduled to be completed by February 2020.
Doosan Heavy has clinched about 7 trillion won worth of projects in Vietnam since 2010, when it secured a 1.4 trillion-won deal to build a power plant in Quang Ninh, 160 kilometers northeast of Hanoi.

L.P

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