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Doosan Heavy Industries & Construction Co., a leading South Korean
industrial equipment manufacturer, said Monday that it has clinched a 1.5
trillion won (US$1.3 billion) deal to supply boilers for an Indian
firm.
The deal with NTPC Ltd., India's state-run energy service
company, calls for three steam generator boilers to be built for the Kudgi power
plant in the southwestern part of the country, Doosan said.
NTPC will
place another order for two boilers for its Lara plant in the central part of
India within the first half, it added.
Doosan said it will supply the
five boilers, built with Doosan's own proprietary technology and know-how, by
2016.
"The order is noteworthy because companies from all over the
world, including those from the United States and Japan, took part in the bid,"
a company executive said. He claimed that winning the deal could open new
business horizons because it highlighted how competitive Doosan is in this
field.
Doosan as well as companies such as Mitsubishi Heavy
Industries, Thermax-Babcock and Wilcox, and a joint venture operated by Hitachi,
took part in the bid that was launched in September 2011.
India,
meanwhile, said it wants to drastically improve its power generation
infrastructure by 2020. New Delhi announced a plan to expand the country's power
output by an average of 25 gigawatts per year over the next eight years at a
estimated cost of $25 billion.
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