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South Korean firm to build huge Saudi plant

Doosan wins contract FOR 1,330MW station near Dammam

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Doosan has bagged a US $1 billion contract to build a power plant near Dammam.
Doosan has bagged a US $1 billion contract to build a power plant near Dammam.

By Matt Warnock

The South Korean contractor Doosan Heavy Industries and Construction will construct a 1,330-megawatt power plant near Dammam, in a deal worth around US $1.05 billion.

Doosan and its Saudi partner BEMCO were awarded the contract by Saudi Electricity Co and, under the terms, the company will provide steam turbines and heat recovery steam generators, amongst other major elements, for the Qurayyah Combined Cycle Thermal Power Plant which is scheduled for completion in 2013.

“The acquisition of this order attests to international recognition for Doosan’s strong technological capacity and the ability to conduct projects, which we demonstrated through power plant projects overseas, including in the Middle East and India, in recent years,” said Doosan Heavy Industries and Construction executive VP Dongsoo Suh.

“Saudi Arabia, which is suffering from serious power shortage, has ample funds thanks to recent spikes in oil prices and is aggressively pushing for the construction of new power plants. As such we expect to win additional orders.”

The project had been placed on an international open bid; Doosan formed a consortium with locally-based BEMCO and submitted the lowest bid in July this year.

The Qurayyah Combined Cycle Thermal Power Plant is expected to supply power to the eastern and middle regions of Saudi Arabia, including the Al Jubayl Industrial Complex, which suffers from power shortage.

This follows Doosan’s successful acquisition of the $240m contract to supply equipment, including boilers and steam turbines, to the Marafiq Thermal Power Plant in Saudi Arabia earlier this month.

Source: constructionweekonline.com

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