SEOUL, July 20 (Korea Bizwire) — South Korea’s top power plant builder Doosan Heavy Industries & Construction Co. said Tuesday that it has decided to invest US$60 million to expand its stake in NuScale Power LLC., a U.S. small modular reactor (SMR) maker. Doosan Heavy already invested $44 million in the unlisted SMR maker in [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s steel giant POSCO announced on Monday that in collaboration with power plant builder Doosan Heavy Industries & Construction Co., it will develop a new power generation technology using the ammonia synthesized from green and blue hydrogen as a fuel. The two parties, together with the Research Institute [...]
SEOUL, June 3 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has joined forces with local firms and a local government to develop a hydrogen-fueled gas turbine for electricity generation. Doosan Heavy will develop technologies and related parts for the hydrogen-fueled gas turbine, and its [...]
SEOUL, May 13 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has signed a deal with Korea Hydro & Nuclear Power Co. (KHNP) to cooperate on hydrogen-related business. Under the deal, Doosan Heavy and nuclear power plant operator KHNP will develop technologies to produce and [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s top power-equipment maker Doosan Heavy Industries & Construction Co. said Thursday that it has teamed up with a local company to produce hydrogen from waste plastic and vinyl as part of its efforts to diversify its business portfolio. Doosan Heavy said it will extract hydrogen from gas [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s top power equipment maker Doosan Heavy Industries & Construction Co. said Thursday it has provided five vertical concrete casks used to store spent nuclear fuel to a U.S. company for the first time. Under the deal with the Nuclear Assurance Corp. (NAC), a U.S. provider of nuclear [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s power plant builder Doosan Heavy Industries & Construction Co. said Friday that its board of directors has decided to sell the company’s 35 percent stake in Doosan Infracore Co. for 850 billion won (US$757 million) to global shipbuilding holding company Hyundai Heavy Industries Holdings Co. (HHIH). Cash-strapped [...]
SEOUL, Dec. 31 (Korea Bizwire) — Cash-strapped Doosan Heavy Industries & Construction Co. has improved its financial health this year by selling new shares and assets and receiving financial help from its holding company Doosan Corp. and key shareholders, a local rating appraiser said Thursday. “Doosan Heavy has been improving its financial status and reducing [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s top power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has joined forces with a local government to build an offshore wind farm in seas off the coast of the southwestern part of the country. Doosan Heavy signed a deal with the government [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it will team up with local builder SK Engineering Construction Co. to develop floating wind farms. SK Engineering will carry out a project to develop the floating wind farm, while Doosan Heavy will provide technologies [...]