Doosan Heavy Industries Signs Business Agreement with KEPCO and Power Generation Companies to Promote Gas Turbines

Doosan Heavy Industries & Construction signed a business agreement on the 23rd with Korea Electric Power Corporation and five power generation public enterprises to revitalize the domestic gas turbine industry.

[Asia Economy Reporter Ki-min Lee] Doosan Heavy Industries & Construction announced on the 23rd that it signed a "Business Agreement for the Revitalization of the Domestic Gas Turbine Industry" with Korea Electric Power Corporation, five power generation public enterprises, and small and medium-sized component partner companies.

Through this business agreement, power generation public enterprises and the gas turbine industry agreed to strengthen cooperation in three major areas: ▲ collaboration for the construction and demonstration of liquefied natural gas (LNG) combined power generation ▲ cooperation to secure driving forces for innovative growth of the domestic gas turbine industry ecosystem ▲ collaboration on technology development and workforce training for sustainable growth.

The attendees stated, "LNG power generation will become an increasingly important power source to maintain stable power supply during the energy transition process," and added, "We have established a platform for cooperation to secure competitiveness of the core equipment, gas turbines."

According to this business agreement, starting with the demonstration project of the domestically developed gas turbine to be promoted at the Gimpo Combined Heat and Power Plant, specific cooperation plans will be derived, and continuous operational channels for practical cooperation will be established to explore ways to create an industrial ecosystem.

Jung Yeon-in, President of Doosan Heavy Industries & Construction, said, "Doosan Heavy Industries & Construction will actively implement this business agreement and work together with small and medium-sized enterprises to revitalize the domestic gas turbine industry ecosystem," adding, "Based on this, we will pioneer the overseas LNG combined power generation market and develop it into a next-generation new growth industry."

Meanwhile, since 2013, Doosan Heavy Industries & Construction has actively participated in the development project of the Korean standard gas turbine model and succeeded last year in developing Korea's first independent large gas turbine model for power generation. President Moon Jae-in also visited Doosan Heavy Industries & Construction's Changwon plant on the 17th to encourage efforts in gas turbine development.

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