Doosan Heavy Industries & Construction, H1 Orders Up 54% YoY... Accelerating Overseas Business

Contracts Signed Successively with Poland and UAE in the Second Half of the Year

On the 27th, the Doosan Tower building in Dongdaemun-gu, Seoul, is visible as the government decided to inject 1.6 trillion won into Doosan Heavy Industries, which is experiencing financial difficulties, through the Korea Development Bank and the Export-Import Bank of Korea. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Dongwoo Lee] Doosan Heavy Industries & Construction has strengthened its global business by consecutively winning orders for overseas plants and power plants.

According to the industry on the 16th, Doosan Heavy Industries & Construction's orders in the first half of this year recorded 1.839 trillion KRW, an increase of 54.4% compared to the previous year. The company is raising expectations for improved performance as it continues to succeed in overseas orders in the second half following the first half.

Recently, Doosan Heavy Industries & Construction, together with its German subsidiary Doosan Lentjes, won a 220 billion KRW contract to build a waste-to-energy plant in Poland. The client is the Polish energy company Dobra Energy.

The Doosan Heavy Industries & Construction-Doosan Lentjes consortium will carry out the project in an Engineering, Procurement, and Construction (EPC) method, handling design, equipment procurement, and construction altogether, with completion scheduled by 2023.

The newly ordered plant will convert about 300 tons of municipal waste per day into energy, supplying 12MW of electricity and heat to the local community. It will be constructed in Olsztyn, approximately 200 km north of Warsaw, the capital of Poland.

The waste-to-energy plant is a facility that converts various combustible wastes generated in industrial sites or households into energy through processes such as gasification, incineration, and pyrolysis. It not only supplies electricity and heat but also minimizes landfill sites, reducing environmental pollution, thus gaining attention recently.

In particular, the European waste-to-energy plant market is seeing an increase in new orders due to rising demand for replacing aging plants and policies restricting waste landfills.

Doosan Heavy Industries & Construction will manage the overall project, while Doosan Lentjes will handle mechanical and electrical construction, including supplying incineration boilers and environmental equipment. Additionally, Doosan Skoda Power, Doosan Heavy Industries & Construction's Czech subsidiary, will participate in the project by supplying a 12MW-class small industrial steam turbine.

Earlier, the company secured a 70 billion KRW contract for a combined cycle power plant facility in the United Arab Emirates (UAE) last month.

Doosan Heavy Industries & Construction will supply one 270MW and one 540MW steam turbine and generator each to the Fujairah F3 power plant in the UAE. This project involves constructing a combined power plant with a maximum capacity of 2,400MW in the Fujairah area, about 300 km northeast of Abu Dhabi, the capital of the UAE.

This content was produced with the assistance of AI translation services.