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December 15,2010  |  Doosan Heavy industries Vietnam

Doosan Signs $1.3 billion deal to build Quang Ninh Power Plant

    Quang Ngai, Vietnam, Dec. 13. Doosan Vina’s parent company, Doosan Heavy Industries & Construction Co., of Seoul South Korea signed a US$1.3 billion deal in Seoul last week to build a power plant at Mong Duong located in Quang Ninh Province, Vietnam.



 
Quang Ngai, Vietnam, Dec. 13. Doosan Vina’s parent company, Doosan Heavy Industries & Construction Co., of Seoul South Korea signed a US$1.3 billion deal in Seoul last week to build a power plant at Mong Duong located in Quang Ninh Province, Vietnam.
Doosan Vina of Quang Ngai will play a leading role in this “Turnkey” contract. And Doosan Vina’s nearly 2,000 strong workforce will be at the heart of the project, providing much of the skill and expertise to build, operate and transfer this high tech power plant.
Mr. Cho Bong Jin, General Director of Doosan Vina said this project has been in the works for some time and it is gratifying to me to see the deal completed. We (Doosan) have been working in Vietnam for 15 years, investing, developing and training the next generation of leaders in heavy industry and this contract represents the faith in our Vietnamese staff and their ability to build the infrastructure necessary for Vietnam’s next stage of development.
The contract provides that, Doosan Heavy Industries along with its partners, AES-VCM and Mong Duong Power Co. will provide engineering, procurement and construction of or the 1,200-megawatt plant in Vietnam which is scheduled to begin shortly and be completed by June of 2015 according to regulatory filings.
The plant to be built in coastal Quang Ninh Province, which is located 160 kilometers northeast of Hanoi has developed coal supplies and deep sea access. A Doosan company spokesman said the project will extend our presence in Vietnam, whose demand for power plant construction is estimated to reach $17.7 billion by 2015.
“Made in Vietnam, My Country, My Products, My Pride” is one of Doosan Vina’s slogans and with the signing of this major contract the skill and expertise of Vietnam’s finest craftsmen will soon be driving the Vietnamese economy forward.