BHI Signs KRW 50.6 Billion HRSG Supply Contract with Kuwait... "Strengthening Presence in Middle East Market"

BHIC announced on the 17th that it has signed a contract worth approximately 50.6 billion KRW to supply Heat Recovery Steam Generators (HRSG) for liquefied natural gas (LNG) combined cycle power plants with Alghanim International, a multinational conglomerate in Kuwait. This marks BHIC's fourth large-scale project secured in the Middle East this year.

Under this contract, BHIC plans to supply two HRSG units to a 700MW combined cycle power plant currently under construction in the Sabiya region of Kuwait. Sabiya is located about 100 km north of Kuwait City, the capital, and is an area densely populated with power plants as part of the Kuwaiti government's mid- to long-term power facility expansion project.

Previously, in 2017, BHIC also signed a contract worth 25 billion KRW with Alghanim International to supply HRSG units to the Sabiya combined cycle power plant. The company explained that it won the order again by being recognized for its excellent product competitiveness and reliable on-time delivery capabilities at that time.

A BHIC representative stated, “Alghanim International, which has numerous subsidiaries, operates in various fields including power, oil and gas, infrastructure, commercial and residential construction,” adding, “It is an active company throughout the Middle East, including Kuwait, Saudi Arabia, Oman, the United Arab Emirates (UAE), and Qatar.”

He continued, “The Middle East power market is a region where global power giants from Asia, the Americas, Europe, and other parts of the world fiercely compete,” and added, “Our recent consecutive wins of large projects indicate that our comprehensive competitiveness in technology, quality, and delivery management has been recognized.”

This year, BHIC has consecutively secured large projects in the Middle East, including the HRSG supply projects for the Taiba and Qassim combined cycle power plants, the HRSG supply for the Amiral private combined cycle power plant, and the HRSG supply project for the Dhuruma combined cycle power plant.

Meanwhile, the Kuwaiti government is promoting the mid- to long-term power strategy called ‘New Kuwait Vision 2035’ to reduce its high dependence on the oil industry. Accordingly, new city developments are actively underway. HRSG is evaluated as an optimal power generation facility for base power production essential for initial infrastructure construction.

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