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Doosan Enerbility-led consortium wins $618 mil. plant deal in Vietnam

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By Yonhap
  • Published Oct 1, 2026 11:21 am KST
Officials from the Korean builder and its local partners pose for a photo in Hanoi, June 6, 2025, after signing a 900 billion-won ($664 million) contract to build a gas power plant in Vietnam by 2028. Courtesy of Doosan Enerbility

Officials from the Korean builder and its local partners pose for a photo in Hanoi, June 6, 2025, after signing a 900 billion-won ($664 million) contract to build a gas power plant in Vietnam by 2028. Courtesy of Doosan Enerbility

A consortium led by Korean plant builder Doosan Enerbility has secured an 840 billion-won ($618 million) deal to build a gas-fired power plant in Vietnam by 2030, the company said Thursday.

The consortium, formed by Doosan Enerbility and Vietnam's energy service company PetroVietnam Technical Service Corp. (PTSC), will build the O Mon 3 gas-fired combined-cycle power plant for PTSC's parent company, Petrovietnam (PVN), at a site about 180 kilometers southwest of Ho Chi Minh City, the company said in a press release.

The latest engineering, procurement and construction (EPC) contract comes after Doosan Enerbility won a 900 billion-won deal in June last year, in a consortium with a local company, to build another gas-fired combined-cycle power plant at the same site for PVN by 2028.

"We will focus on winning further deals from PVN, as the Vietnamese company plans to build gas-fired power plants in the central and northern parts of the country, in addition to the O Mon 3 and 4 projects," a company representative said.

Doosan Enerbility has secured five gas-fired power plant deals, including the latest one, worth a combined 3.87 trillion won so far this year.