Daewoo Engineering & Construction is expanding its global energy business across nuclear power, liquefied natural gas and infrastructure projects, building on five decades of overseas operations, the company said Tuesday.
The builder is targeting opportunities across Europe, the Middle East and emerging Asian markets as it broadens its portfolio beyond conventional construction into energy and technology-linked infrastructure.
Chairman Jung Won-ju met Hanoi Mayor Vu Dai Thang in Seoul on Sept. 8 to discuss cooperation in urban development, energy and infrastructure. The meeting followed talks with Vietnamese Industry and Trade Minister Le Manh Hung on Aug. 26, when the company expressed interest in planned nuclear projects, including Ninh Thuan, as well as LNG terminal developments.
Indonesia is another market under consideration for expanded investment. During a July visit to Jakarta, Jung proposed an integrated development model combining small modular reactors, LNG terminals and power plants with gigawatt-scale artificial intelligence data centers.
The company has operated in Indonesia since 1986, completing seven projects worth a combined $540 million. In April, it also signed a memorandum of understanding with Sinar Mas Land and the Korea Overseas Infrastructure & Urban Development Corp. for cooperation on the Bumi Serpong Damai township development in Greater Jakarta.
Beyond Southeast Asia, the contractor plans to leverage its involvement in the Czech Republic's Dukovany nuclear project to pursue additional opportunities in Europe, the Middle East and other emerging nuclear markets.
Its longer-term strategy includes expanding into SMRs and nuclear decommissioning while developing projects that combine LNG and power infrastructure with electricity-intensive AI data centers.
By Lim Ye-jin (yejinlim@heraldcorp.com)
