Doosan Heavy Lands 2.7 Tln-Won Deal to Build Power Plants in India | Be Korea-savvy

Doosan Heavy Lands 2.7 Tln-Won Deal to Build Power Plants in India


Under the deal, the South Korean firm will build two 660-megawatt power plants at India's Obra-C power station by 2020 and an additional two plants in Jawaharpur by 2021. (image: KobizMedia/ Korea Bizwire)

Under the deal, the South Korean firm will build two 660-megawatt power plants at India’s Obra-C power station by 2020 and an additional two plants in Jawaharpur by 2021. (image: KobizMedia/ Korea Bizwire)

SEOUL, Dec. 26 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Monday that it has won an order, potentially worth over 2.7 trillion won (US$2.25 billion), to build two thermal power plants in India. 

The company has yet to officially sign the deal but said it has received a written notification naming it the successful bidder. 

The deal consists of two separate projects to build four coal-fired power plants, according to the company. 

Under the deal, the South Korean firm will build two 660-megawatt power plants at India’s Obra-C power station by 2020 and an additional two plants in Jawaharpur by 2021. 

With the latest deal from India, Doosan Heavy has won nearly 5 trillion won worth of international orders this year. 

Doosan Heavy shares were trading at 28,350 won on the Seoul bourse as of 2:35 p.m., up 1.25 percent from the previous session’s close.

(Yonhap)

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