Doosan Heavy Industries
Running hot in Rabigh 6
Founded in 1896, South Korean powerhouse Doosan is one of the oldest EPC contractors in our list. providing services including engineering design, basic material fabrication, equipment installation, commissioning, and facility construction.
While it has been a quiet year for Doosan in terms of upstream orders, the company has made increasing inroads into large-scale infrastructure projects, particularly in Saudi Arabia and the UAE.
An example is the EPC contract win for the Rabigh 6 project. This involves Phase-6 expansion of the thermal power plant in
the Rabigh region, some 150 km north of Jedda, Saudi Arabia’s second largest city. The project, worth US$ 3.44 billion, constitutes the largest single project for power plant construction that a Korean company has ever secured overseas. The plant once operational will generate 2,800 megawatts.
It is not only for the scale of orders in 2010 that Doosan demands attention. The Company has achieved 20 million safe man hours of accident-free operation during the project through last year.
Gyeong-ho Park, executive managing director “illustrates the excellence of Doosan Heavy Industries and Construction’s accident-free, safety system at its overseas project sites.”
Doosan diversifies from hydrocarbon energy, announced on June 30 that it had signed a contract worth US$ 4 billion as part of a South Korean consortium with Korea Electric Power Corp.
(KEPCO) to supply the main facilities of nuclear power plants to be built in the United Arab Emirates.
Ras Az Zawr seawater desalination project to be executed in. Saudi . The project is worth US$ 1.46 billion, making it the largest desalination project in size in the world.
So while Doosan has been quiet on the upstream side last year, their next project is likely to be a blockbuster.
