Doosan Heavy Industries nabs new power plant bid

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Doosan Heavy Industries nabs new power plant bid

Doosan Heavy Industries won a 670 billion won ($565 million) construction bid from the Vietnam Electricity, the largest power company in Vietnam, to build a thermal power plant in Binh Thuan, Vietnam.

The project calls for an extension of Vinh Tan 4, a 600-megawatt coal-fired thermal power plant constructed by Doosan in 2013. The new Vinh Tan 4 extension will add another 600-megawatt power plant in Binh Thuan, about 230 kilometers (143 miles) east of Ho Chi Minh City, to relieve the electric power shortage in the eastern region of Vietnam.

The new project marks an estimated 7 trillion won ($6 billion) in orders from Vietnam since 2010, when Doosan first constructed the Mong Duong 2 thermal power plant that brought in 1.4 trillion won to the company.

The new construction is due to be completed by August 2019.

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