April 26, 2024
Industrials
Doosan Heavy bags W1tr order in Saudi Arabia
[THE INVESTOR] Doosan Heavy Industries and Construction announced on Dec. 19 that it has signed a 1.05 trillion won (US$8.88 billion) agreement with France’s ENGIE to build a power plant in Saudi Arabia.
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Doosan has formed a consortium with the French energy company for the project of state-run oil company Saudi Aramco and national power utility Saudi Electricity.
Under an engineering, procurement and construction arrangement, they will provide a 1500-megawatt combined cycle power generation plant in the gas complex located 85 kilometer northwest of the port of Jubail by the end of November 2019.
By Hwang You-mee (glamazon@heraldcorp.com)
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