Doosan Wins Thermal Power Plant Construction Deal in India

Doosan Heavy Industries & Construction Co., South Korea’s leading power equipment manufacturer, announced on Feb. 10 that Doosan Power Systems India Private Ltd. (DPSI), its local unit in India, has received a Notice of Award (NOA) from the National Thermal Power Corporation (NTPC), India’s largest power-generating company, for the an engineering, procurement, and construction (EPC) order to build a boiler for a thermal power plant.

For the 350 billion won (US$291.06 million) contract, DPSI will build three 660-megawatt boilers at the thermal power plant located in Bihar, a state in northeastern India. The construction is expected to be complete in Oct. 2018.

In a bid to improve the competitiveness in the Indian power generation market, Doosan Heavy Industries & Construction has adopted a localization strategy through the acquisition of AE&E Chennai Works Private Ltd., a local manufacturer of industrial goods, in 2011 to set up DPSI. In 2012, the South Korean company won a contract to build boilers for the Kudgi Power Plant in Karnataka Province and the Lara Power Plant in Chhattisgarh Province. Last year, Doosan Heavy Industries & Construction also landed contracts to supply core materials for thermal power plants in major districts of Harduaganj and Pudimadaka in India.

India is the world’s second largest coal thermal power generation market after China. The country’s power demand is expected to be on a steady rise, particularly under the Narendra Modi government that has been aiming to actively boost its manufacturing sector with “Make in India” policy. Industry observers project average 18-gigawatt thermal power would be required in India every year until 2020.