[THE INVESTOR] Doosan Heavy Industries & Construction won a 1 trillion won (US$916 million) bid to build combined-cycle power plants at the Fadhili oil field in Saudi Arabia, it announced on Oct. 7.

The manufacturing arm of Doosan Group won the bid for the Fadhili Combined Hear and Power Project of Saudi Electricity Company and Saudi Aramco through a consortium co-led by French energy company Engie. The Export-Import Bank of Korea funded the group. 




The project to construct power plants of combine 1,519 MW capacity is expected to be completed by November 2019 and Doosan Heavy is responsible for the engineering, procurement and construction.

“The project is meaningful due to the dwindling overseas orders of local construction industry and it will be a springboard for future power plant construction projects in Saudi Arabia,” said Kim Hun-tak, director of the EPC BG at Doosan Heavy.

By Jung Min-kyung (mkj1105@heraldcorp.com)