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Doosan Heavy Wins 1.5 tln Won Indian Boiler Order
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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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Source: Yonhap News (Feb. 20, 2012)

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