Dongyang Signs 66.7 Billion KRW Civil Engineering Contract with Hyundai Samho Heavy Industries

[Asia Economy Reporter Kim Jong-hwa] Dongyang, a subsidiary of Eugene Group, announced on the 25th that it has signed a contract with Hyundai Samho Heavy Industries for the 'Civil Engineering Construction of the Indoor Coal Storage Project at Boryeong Power Plant Headquarters.'

This contract covers the civil engineering construction portion of the 'Indoor Coal Storage Project for Units 1 to 8 at Boryeong Thermal Power Plant,' which Hyundai Samho Heavy Industries signed with Korea Midland Power in September last year. The contract amount is 66.77 billion KRW, accounting for 11.07% of Dongyang's consolidated sales in 2020.

The indoor coal storage project involves enclosing outdoor coal storage facilities to prevent coal dust and particulate matter from dispersing into the atmosphere due to wind. Upon completion of the indoor coal storage construction, it is expected to help improve the living environment for residents near the power plant by preventing air pollutants and reducing fine dust.

In this project, Dongyang will be responsible for the civil engineering foundation work, reinforced concrete work, and auxiliary civil engineering work for three large-scale coal storage buildings and related facilities. The construction period is scheduled from the 15th of next month until November 30, 2024.

A representative of Eugene Group stated, "Based on Dongyang's long-standing technology and experience in the construction field, we will successfully carry out this large-scale indoor coal storage project," adding, "We also plan to actively participate in future large-scale domestic and international civil engineering and environmental improvement projects."

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