Doosan continues to expand its overseas business thanks to strong technologies and excellent management
Doosan Heavy Industries & Construction Co. has been playing a major role in the development and growth of Korea’s national economy by supplying industrial facilities to domestic and overseas markets. The company is helping build a brighter and happier future for people in countries such as India, the U.S., Saudi Arabia, and Qinshan, China.
Doosan has so far built over 300 nuclear, thermal, and combined cycle and hydro power plants and is currently building more than 60 power plants around the world. The company is fast becoming an engineering, procurement, construction (EPC) contractor as a result of continuous investment and R&D. Doosan is also developing the next generation of environmentally friendly energy, such as wind power systems and fuel cells.
Doosan is one of the few companies in the world that have proprietary technologies for all three desalination methods; Multiple-Stage Flash Distillation (MSF), Multi-Effect Distillation (MED) and Reverse Osmosis (RO). The company currently leads the MSF (Multi Stage Flash) desalination market with a global share of over 40%. Doosan is responsible for the world’s largest Desalination Plant Phase 3. Located in Saudi Arabia, the plant has a daily desalination capacity of 880,000 tons, while in the UAE, the company recently constructed the world’s first hybrid desalination plant to combine both MSF and RO systems..
The company also supplies casting and forging products, which are basic materials for power and desalination plants. Doosan is a leading company in the world for SOC projects such as roads, ports, airports and subway construction as well as the construction of industrial plants.
On September 17, Doosan announced it had received a ‘Notice of Award” for construction of the Qurayyah Combined Cycle Thermal Power Plant worth US$1.04 billion. The contract will be officially signed in October. The project was placed on international open bid by the Saudi Arabian Power Authority. Doosan formed a consortium with BEMCO, a local construction company in Saudi Arabia, and became the preferred bidder by submitting the lowest bid.
The plant will be constructed at a site 65 km from Ad Dammam, the third largest city in Saudi Arabia. The power plant will have the capacity to generate 1,330 MW (266 MW X 5 units) of electricity when completed in February 2013. The plant is expected to supply power to the eastern and middle regions of Saudi Arabia, including the Al Jubayi Industrial Complex. When completed, the plant will be Saudi Arabia’s largest single power plant complex with a combined capacity to generate 3,190 MW of power, including production from other plants that are under construction there. Doosan Heavy Industries and Construction will supply main equipment, including steam turbines and HRSGs.
“The acquisition of this order attests to the international recognition of Doosan’s strong technological capacity and the ability to conduct projects, which we demonstrated through power plant projects overseas, including in the Middle East and India, in recent years,” said Suh Dong-soo, Executive Vice President of Doosan Heavy Industries and Construction. “Saudi Arabia, which is suffering from serious power shortage, has ample funds thanks to recent spikes in oil prices and is aggressively pushing for the construction of new power plants. As such we expect to win additional orders.”
Meanwhile, Doosan acquired a US$240 million order to supply key equipment, including boilers and steam turbines, to the Marafiq Thermal Power Plant in Saudi Arabia on September 4.