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Doosan Wins US$ 263 million Order for Co-generation Power Plant Facilities in Sejong City

- Beats General Electric in international bidding to secure deal for supplying core facilities and equipment
- Gains upper hand in combined circle thermal and co-generation power markets amounting to a combined 3GW over next 2-3 years


Doosan Heavy Industries & Construction (President & CEO Geewon Park) that it signed a US$ 263 million contract with Korea Midland Power Co. to supply core facilities and equipment to be installed at a co-generation power plant in Sejong City Korea on October 12.

The Sejong City co-generation power plant, slated for completion in late 2013, will have a power output of 515 MW, which is enough power to supply electricity to a population of 500,000.

By defeating General Electric in the competitive international bidding to clinch the deal, Doosan Heavy Industries & Construction is set to supply core facilities and equipment, including two gas turbines, one steam turbine, and two HRSGs for the plant.

Executive Vice President Dongsoo Suh commented that “Doosan estimates that construction of the combined circle power and co-generation power plants, which take a shorter time to build, will constitute a market amounting to a combined 3GW over the next two to three years, as Korea seeks to increase its electricity reserve margin in a short period of time,” adding, “By securing this latest order, we have secured an upper hand in competing for future bids.”

Doosan acquired last July a US$ 147 million contract to supply core facilities to be installed at co-generation power plants in Yangju, Gyeonggi Province.

* 3GW: This is equivalent to power output generated by three 1000MW-class nuclear power plants, which is enough to supply daily electricity needs to 3 million people.

Photo caption: Keysun Han(right), Chief Operating Officer of Doosan Heavy Industries & Construction and Nam In-Suk, CEO of Korea Midland Power Co. pose for a commemorative photo after holding a contract signing ceremony for the supply of main equipment for a co-generation power plant in Sejong City, at Grand InterContinental Hotel in Samseong-dong, Seoul on October 12.

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