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Around the Globe: Asia-Pacific

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.

Korea’s Doosan looks for $3.8bn in orders

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.

Korea power plant exports increasing

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.

Hanjung selected to build UAE Power & Desalination plant

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 wins right to buy 36 percent of Korea heavy for 306 billion won

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.