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doosan

Doosan Heavy Wins $1.3 Billion of Orders for Boilers in India

 

- To supply five boilers for power plants in two regions, including Karnataka
- Posts significant achievements through localization strategy, including acquisition of Indian firm; Gains upper hand in $25 billion Indian power market


Doosan Chennai Works, a local subsidiary of Doosan Heavy Industries & Construction (President & CEO Geewon Park), has received a letter of award to supply three boilers (800MWⅹ3) for Kudgi power plants in Karnataka Province, southwestern India from NTPC, India’s state-run energy service company.

Doosan Chennai Works is also set to receive a letter of award to supply two boilers (800MWⅹ2) for Lara Power Plant in Chhattisgarh, central India from NTPC within the first half of next year.

India is planning to construct power plants worth $25 billion, or 25 GW on average per year, through 2020 in order to ease the shortfall in the power supply. This makes India the largest single market for thermal power plants in the world after China. As such, the world’s leading power plant facilities companies are racing to enter the Indian market.

Leading power plant facilities companies, including MHI and Hitachi of Japan and B&W of the U.S., as well as India’s largest power plant facilities company BHEL, engaged in fierce competition to win this bid, which was conducted last September.

Doosan won the large-scale order thanks to its localization strategy, which the company has implemented to advance into the Indian power plant facilities market. In order to boost its competitiveness in the Indian power plant market, Doosan strategically took over the Indian boiler maker AE&E Chennai Works in January, and has been implementing localized marketing and sales operation.

Executive Vice President Dongsoo Suh (Chief of Power Business Group) of Doosan Heavy Industries & Construction said, “The win of the order amid intense competition in performance and price with world-leading companies proves the competitiveness of Doosan Heavy Industries & Construction’s products and services,” adding, “We expect to win additional orders for facilities and equipment in other markets abroad, as well as the Indian market.”

Doosan has won orders for a string of projects in India, including the Sipat Thermal Power Plant in 2004, the Mundra Thermal Power Plant in 2008, and the Lalitpur Thermal Power Plant in 2010.

 
 
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