Doosan Heavy Industries & Construction has won its first coal-fired power plant contract in the Philippines in almost a decade.
The company signed an EPC contract for an $850m project to construct the Subic Redondo thermal power plant in the Philippines with Redondo Peninsular Energy Corp., a private power company.
The news comes a week after the company acquired the Fadhili project worth US$884m in Saudi Arabia.
World Coal online reports that the coal-fired power project will consist of two units. Construction of Unit 1 will start by the year’s end and will be completed by December 2020, while work on Unit 2 will start next year.
The project will be adopting advanced 300 MW-class circulating fluidised bed (CFB) boiler technology for the first time in the Philippines, making Doosan the first Korean company to acquire a large-scale CFB boiler project overseas.
The CFB boiler is eco-friendly as significantly less pollutants, such as nitrogen oxide and sulfur oxide, are emitted, all owing to the constant circulation process leading to the complete combustion of coal.
Since low-grade coal can also be used in CFB boilers, fuel costs can be reduced as well. Only a few global companies such as Foster Wheeler and Alstom have the advanced technology to develop large-capacity CFB boilers with an output of 300 MW or more.
Doosan secured cutting-edge CFB technologies through its German subsidiary Doosan Lentjes (formerly known as AE&E Lentjes), which it acquired in 2011. Starting with the recently won project, the company expects to be able to create huge synergy in the global CFB power market by leveraging the technical prowess of its German subsidiary.
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