Yujin Group Affiliate Dongyang Wins Power Plant Equipment Construction Contract Worth 49.2 Billion KRW

Participation in Gwangyang Biomass Construction Project
Responsible for Manufacturing and Delivering 2 Core Facilities
Contract Amount Equals 6.41% of Last Year's Sales

Dongyang, a subsidiary of Eugene Group, has signed a contract with Lotte Construction for the construction of eco-friendly core facilities at the Gwangyang Biomass Power Plant. The contract amount is approximately 49.2 billion KRW, which corresponds to 6.41% of Dongyang's consolidated sales last year.

In 2021, Dongyang was responsible for the manufacturing, delivery, and installation of the flue gas treatment system (FGTS) and ash handling system (AHS) as part of the Gwangyang Biomass Power Plant construction project, which Lotte Construction signed with Gwangyang Green Energy. Both facilities contracted by Dongyang are key components of the biomass power plant that contribute to environmental improvement.

The FGTS is designed to treat air pollutants generated from the boiler to meet permissible standards, while the AHS is a facility for environmentally friendly processing of bottom ash and fly ash.

Gwangyang Green Energy plans to invest 682 billion KRW to build a 220 MW-class biomass power plant on a 131,570㎡ site within the Gwangyang Hwanggeum General Industrial Complex, scheduled for completion by the end of 2025.

As the largest pure woody biomass power plant in Korea, it aims to contribute to national development by revitalizing the local economy and serving as a pillar of the renewable energy industry.

The fuel to be used at the power plant is pure woody biomass wood pellets. Annually, 800,000 tons will be transported by sea from Southeast Asian countries such as Vietnam to Gwangyang Port, and then transported overland to the power plant’s storage facilities.

A Dongyang official stated, "Based on our technical expertise in the construction field, we will successfully lead this project," adding, "We will continue to pursue diverse orders to diversify our business in the construction sector."

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