Doosan Heavy Industries in US$ 294 million Indian power plant contract
By Joe Malone11 February 2016
Doosan Heavy Industries & Construction has won a 350 billion won (US$ 294.35 million) contract to build three boilers for a thermal power plant in Bihar, India.
The project – awarded by the National Thermal Power Corporation (NTPC) – comprises three 660 MW boilers in its Barh Super Thermal Power Station.
The project is expected to be completed in October 2018.
Meanwhile, the company expects to receive additional orders from India, where the power generation industry is estimated to grow, according to Son Chang-seob, managing director of Doosan Power Systems India.
In a bid to expand its presence in the Indian power generation market, Doosan Heavy Industries adopted a localisation strategy through the acquisition of AE&E Chennai Works Private, a local manufacturer of industrial goods, in 2011, to set up Doosan Power Systems India.