SNT Energy Participates in Middle East Economic Delegation... "Will Accelerate Targeting Local Power Generation Market"
SNT Energy plans to further strengthen its position by accelerating its entry into the power generation markets in Saudi Arabia and the Middle East.
On the 20th, SNT Energy announced that it will participate as a member of the economic delegation accompanying President Yoon Suk-yeol's state visit to Saudi Arabia and Qatar next week.
During this visit, the company intends to focus on securing orders for key power generation equipment such as Heat Recovery Steam Generators (HRSG) and condensers for nuclear power plants.
Previously, in August last year, SNT Energy acquired the original HRSG technology from Hamon Deltak in the United States, securing independent HRSG design capabilities and the ability to undertake new turnkey projects.
In December of the same year, it acquired KHE, an air-cooled heat exchanger manufacturer located in Gunsan, Jeonbuk.
In February this year, SNT Energy won the order for the largest capacity HRSG for the Gumi combined cycle power plant, commissioned by Korea Western Power, and is currently conducting comprehensive sales activities to secure additional orders.
Since selecting Saudi Arabia as its base for Middle East market expansion in 2012, SNT Energy invited senior officials from the Saudi Ministry of Energy and the Electricity Authority to the expansion ceremony of its local subsidiary, SNT Gulf, in Saudi Arabia this February.
On that day, SNT Gulf announced plans to expand its factory to produce major power generation equipment such as HRSG and condensers required for new combined cycle and nuclear power plants in the Middle East region.
Recently, SNT Energy and SNT Gulf obtained supplier approvals from the Saudi Electricity Authority for HRSG, Air Cooled Heat Exchangers, Air Cooled Condensers, and Surface Condensers, entering the local order-taking phase.
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An SNT Energy official stated, “Since we have already signed a Corporate Purchase Agreement (CPA) with Saudi Aramco for Air Coolers and established a supply system, we now plan to actively target power generation project orders in Saudi Arabia and the Middle East market.”
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