Doosan Heavy Industries & Construction (CEO Park Ji-won) received an order to build a coal-fired power plant in Vietnam, a project estimated at 1.6 trillion won (US$1.5 billion).
Doosan announced that it signed an agreement last month in a meeting with Hanoi-based Vietnam Electricity (EVN), with CEO Hoang Quoc Vuong and Vice President Kim Hyun-tak of Doosan attending, to build a 1200MW capacity coal-fired power plant named Vinh Tan 4 for EVN.
The Vinh Tan 4 fossil power plant will be built in Binh Thuan, located 230km east of Ho Chi Min City. Doosan Heavy Industries & Construction will be in sole charge of designing, installing equipment, and test-running the whole construction procurement process known as EPC, or Engineering Procurement Construction. The project will be completed by June 2018.
Doosan had previously received an order for the construction of the Mong Duong 2 Thermal power plant in 2010, which was valued at 1.4 trillion won (US$1.3 billion). With the order for this Vinh Tan 4, Doosan jockeyed itself well into the market for the power generation procurement service in Vietnam, which is estimated at 40 trillion won (US$37 billion).
Kim Hun-tak said, “With the order received for Vinh Tan 4, Doosan Heavy Industries & Construction will increase its stature as a leading EPC company in the Southeast Asian market, especially in countries such as Vietnam, India, Thailand, and Indonesia.” Then he explained further, “With the area of Dung Qua as a focal point, we will focus on increasing our capacity and be a key player in the EPC business throughout Asia.”