By Choi Sung-jin
Korean builders of plants and ships have opened the new year with good news about winning orders from abroad, industry sources said.
Doosan Heavy Industries and Construction said Monday it has won an order for a 670 billion-won ($564-million) project to build a coal-fired power plant, placed by Electricity of Vietnam, the state utility of the Southeast Asian country.
It is the extension of the "Vinh Tan 4" plant, a 600-megawatt power station in Binh Thuan, some 230 kilometers east of Ho Chi Minh City, company officials said. The Korean company won the project on the EPC (engineering, procurement and construction) formula and plans to form a consortium with local partners to provide power-generating equipment by 2019.
"Beginning with the 1.4 trillion-won Mong Duong 2 thermal plant, we have won projects worth 7 trillion won in Vietnam in the past five years," said Kim Heon-tak, an executive in charge of Doosan Heavy's EPC team. "Vietnam is about to build power plants with combined capacity of 30 gigawatts by 2020, providing us with good business opportunities."
Chances are also high for Samsung Heavy Industries to win an order to build four VLCC (very large crude carriers)-class vessels, placed by a Chinese shipping company, the sources said.
Samsung Heavy is now conducting exclusive talks to build the four crude carriers with its prospective client, Tianjin Tianhai Investment, formerly Tianjin Shipping, after being selected as a qualified builder in a technological assessment by China National Technical Import and Export Corp. (CNTIC) on Dec. 12, the sources said.
Each vessel is priced at 100 billion won, and Tianjin Tianhai reportedly has an option contract under preparation for orders for another four VLCCs. If everything goes to Samsung Heavy's plan, the shipbuilder will be able to receive orders worth 800 billion in total from its Chinese client.
"As the standards for waste emissions have been strengthened for vessels to be built from this year, international shipping companies are paying greater attention to Korean shipbuilders who boast environmental and highly efficient technology," an industry executive said.
Korean builders of plants and ships have opened the new year with good news about winning orders from abroad, industry sources said.
Doosan Heavy Industries and Construction said Monday it has won an order for a 670 billion-won ($564-million) project to build a coal-fired power plant, placed by Electricity of Vietnam, the state utility of the Southeast Asian country.
It is the extension of the "Vinh Tan 4" plant, a 600-megawatt power station in Binh Thuan, some 230 kilometers east of Ho Chi Minh City, company officials said. The Korean company won the project on the EPC (engineering, procurement and construction) formula and plans to form a consortium with local partners to provide power-generating equipment by 2019.
"Beginning with the 1.4 trillion-won Mong Duong 2 thermal plant, we have won projects worth 7 trillion won in Vietnam in the past five years," said Kim Heon-tak, an executive in charge of Doosan Heavy's EPC team. "Vietnam is about to build power plants with combined capacity of 30 gigawatts by 2020, providing us with good business opportunities."
Chances are also high for Samsung Heavy Industries to win an order to build four VLCC (very large crude carriers)-class vessels, placed by a Chinese shipping company, the sources said.
Samsung Heavy is now conducting exclusive talks to build the four crude carriers with its prospective client, Tianjin Tianhai Investment, formerly Tianjin Shipping, after being selected as a qualified builder in a technological assessment by China National Technical Import and Export Corp. (CNTIC) on Dec. 12, the sources said.
Each vessel is priced at 100 billion won, and Tianjin Tianhai reportedly has an option contract under preparation for orders for another four VLCCs. If everything goes to Samsung Heavy's plan, the shipbuilder will be able to receive orders worth 800 billion in total from its Chinese client.
"As the standards for waste emissions have been strengthened for vessels to be built from this year, international shipping companies are paying greater attention to Korean shipbuilders who boast environmental and highly efficient technology," an industry executive said.
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