Doosan inks contract to build a power plant in VietnamDoosan Heavy Industries & Construction said Monday it has won a contract to build a coal-fired thermal power plant worth 1 trillion won from Vietnamese government-funded corporation Petro Vietnam.
The 1,200-megawatt plant, Song Hau 1, will be built in Hau Giang Province, about 200 kilometers (124.3 miles) southwest of Ho Chi Minh to ease the power shortage in the country’s southern regions.
The plant is slated to be completed by October 2019. By successfully finishing the project, the company aims to increase its market share in the country’s power business by up to 30 gigawatts by 2020 and will also try to improve its performance in other Asian countries, including India, Thailand and Malaysia.
The company has won about 6 trillion won worth of contracts, including building the Nghi Son 2 fire power thermal plant in December last year, over the past five years.