15 June 2009 – Doosan Heavy Industries, Korea’s largest power-equipment maker, has clinched a deal worth EUR74m ($96m) to provide heat recovery steam generators for Iranian cogeneration power plants.
Under the contract with Iran’s Mapna Boiler Co., Doosan Heavy will supply the equipment between April and December next year, the Korean company said. Heat recovery steam generators are an essential part for thermal power plants, the company explained.
Doosan Heavy is expected to win more contracts from Iran as the Middle Eastern country is actively building cogeneration power plants. Cogeneration refers to the simultaneous production of heat and power.
The company entered the Iranian market in 1999 by winning a deal to supply heat recovery steam generators worth $30m to a power plant. Since then, the company has provided 62 heat recovery steam generators to Iranian power plants.
The company, in May, sold nuclear power plant equipment to the largest nuclear energy generating facility in the United States.
The company shipped control element drive mechanisms, or CEDMs, and replacement reactor vessel heads to the Palo Verde nuclear facility in Tonopah, Arizona, which has a capacity of 1400 MW. The sale marks the first time Doosan has exported such equipment, according to the company.