Mexico is emerging as a key market for international power developers. InterGen now has three key projects in the country including La Rosita and Bajio. It is IPPs such as these which will help Mexico meet its growing power needs.
Indonesia's president Megawati Soekarnoputri opened the 130 MW Asam-Asam power plant in Tanah Laut regency, South Kalimantan, Indonesia. the coal fired plant is owned by PT Indonesia Power, a subsidiary of state electricity company PT PLN.
Doosan Heavy Industries (formerly known as Hanjung or Korea Heavy Industries & Construction Co., Ltd.) said yesterday that it is targeting 5.1 tn won ($3.8bn) in order receipts (41 per cent increase from last year), 2.95 tn won in sales (20 per cent rise) and 212.2 bn won in operating profits (244 per cent rise) this year, reports the Korea Herald.
Figures released today by South Korea's Ministry of Commerce, Industry and Energy show a jump in export sales of power plant and equipment with 40 per cent of these exports going to the Middle East.
South Korea's Hanjung has been selected as the preferred bidder for the Fujairah desalination and power project, the UAE Offsets Group (UOG) said yesterday. The $1 bn project will initially be funded by the Abu Dhabi government and should be completed within two years.
Doosan Corp., the trading arm of Doosan Group, will buy a 36 percent stake in Korea Heavy Industries & Construction Co., enabling the private company to control Korea's sole maker of power generation equipment, the South Korean government said.