By Kim Yoo-chul
Doosan Heavy and Construction said it has signed a 4 trillion won ($3.42 billion) agreement to build a power plant in Saudi Arabia, which it says represents its biggest plant deal ever.
The Seoul-based company has landed 11 trillion won worth of orders so far this year, which is already an annual record, as it continues to exploit opportunities in the global energy market.
Just days earlier, Doosan won a 1.7 trillion won deal to build a desalination plant in the Middle Eastern country.
Doosan announced Thursday that it received the final letter of confirmation from the state-owned Saudi Electricity Company (SEC) for the power plant project.
The construction of the coal-fired power station will begin by the end of this month and be completed by the end of 2014, according to Doosan spokesman Shin Dong-gyu. Doosan will handle the entire procedure, from engineering and procurement to building.
``We will use the project to build a stronger relationship with the best parts suppliers, as our top-tier partners will be getting 1 trillion won in orders for equipment on this project alone,’’ said Shin.
The plant, located in Rabigh, will be able produce up to 2,800 megawatts in electricity, which would be enough to support 2.8 million people.
Doosan is also in the mix to be involved in Saudi Arabia’s plan to build a massive, 20,000-megawatt plant over the next five years.
``Doosan hopes to win more deals as we have a proven track record for the construction of plant and desalination facilities,’’ said Shin.