Doosan Heavy wins $350m boiler deal from Egypt

19 February 2010 – South Korea’s Doosan Heavy Industries has sealed a 398.3bn won ($350m) deal to provide equipment for a supercritical coal plant in Egypt, its first such project in the region.
 
The heavy equipment unit of the Doosan Group said that it secured the deal with the East Delta Electricity Production Company to deliver two boilers, which will be installed in a power plant in Ain Sokhna, some 150 km east of the Egyptian capital of Cairo, by February 2014.
 
The plant will have a capacity of 1300 MW, the company said in a statement. “Power demand in Egypt is expected to grow 5 per cent every year, and more orders for power facilities will come. Egypt is a truly attractive market,” Doosan Vice President Seo Dong-soo said.

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