Doosan Heavy Industries has secured a $3bn order to build two coal fired power plants in Vietnam.
The plants, to be built in Quynh Lap near Hanoi and Long Phu near Ho Chi Minh City, will each have a capacity of 1200 MW Doosan Heavy said today in an e- mailed statement, reported Bloomberg. A final agreement with Vietnam National Coal Mineral Industries Group will be signed in the second half of next year, the South Korea-based company said.
Doosan Heavy said it expects to win more orders in Vietnam, where the government has forecast an 18 per cent increase in power demand this year. Economic growth estimated by the government at 6.7 per cent this year and 7.5 percent in 2011 is pushing up demand for electricity to power homes and factories.
Vietnam needs as much as 5000 MW power a year to support the country’s economic growth, Doosan Heavy said.