Doosan Heavy Industries Wins $620 Million Contract for Guam Combined Cycle Power Plant

[Asia Economy Reporter Ki-min Lee] Doosan Heavy Industries & Construction has secured a combined cycle power plant project worth approximately 620 billion KRW in Guam, a U.S. territory.

On the 21st, Doosan Heavy Industries & Construction announced that it signed a construction contract for the 'Guam Ukudu 200MW Combined Cycle Power Plant' with the project developer consortium of Korea Electric Power Corporation (KEPCO) and Korea East-West Power Co., Ltd.

This project involves building a 200MW combined cycle power plant in the Dededo area, about 5 km northwest of Antonio B. Won Pat International Airport in Guam. The Guam Power Authority (GPA) issued the order, and the KEPCO-East-West Power consortium was selected as the developer.

Doosan Heavy Industries & Construction will carry out the entire process from design, equipment supply, installation, to commissioning under an EPC (Engineering, Procurement, and Construction) contract, aiming for completion by 2024. In particular, based on Doosan Heavy Industries & Construction's proprietary technology, a 25MW energy storage system (ESS) will be installed to ensure stable power supply. Once completed, it will become the largest baseload power plant, accounting for about 40% of Guam's power grid.

Park In-won, Head of Plant EPC Business Group at Doosan Heavy Industries & Construction, said, "We will do our best to make this a successful example of Team Korea's overseas expansion, with both the developer and EPC contractor composed of domestic companies," adding, "We plan to further strengthen our efforts to capture the overseas combined cycle power plant market."

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