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S Korea’s Doosan bags boiler supply contract

3 February 2004 – Doosan Heavy Industries and Construction Co. officials said the company has been singled out as the preferred bidder for the supply of boilers for two new thermal power plants scheduled to be built in western South
Korea.

Korea South-East Power Co. (KOSEP), an affiliate of Korea Electric Power Co., selected Doosan Heavy as the priority supplier of boilers for its two planned 870 MW thermal power plants, said Doosan Heavy, adding the deal, if finalized, would be valued at KRW200bn ($170m).

Doosan Heavy is to supply the boilers for Yonghung Thermal Power Plant Units 3 and 4, to be located in Incheon Metropolitan City, about 50 km west of Seoul, by August 2007. The two power stations are slated to be dedicated in March 2009.

“Doosan Heavy has beaten a number of global giants, such as Mitsubishi and Hitachi, both of Japan, to win the KOSEP deal, proving its technological and price competitiveness,” said a Doosan Heavy spokesman.

Doosan Heavy has recently won separate KEPCO deals to build boilers for five other thermal power plants in South Korea.