Doosan Enerbility secured a 61 billion won ($47 million) contract to provide power generation equipment for a new combined heat and power plant in Namyangju, South Korea. The deal marks the company’s latest push into the domestic energy infrastructure market.
The agreement with Hyundai Engineering covers the supply of a 180-megawatt steam turbine and generator for the facility, which will provide electricity and heating to the planned Wangsuk New Town development in Gyeonggi Province.
The project reflects South Korea’s efforts to address housing shortages while promoting energy-efficient infrastructure. The plant will use combined heat and power technology to generate both electricity and thermal energy from a single source.
Construction is set to begin in May 2025, with Doosan expected to deliver the equipment by the end of 2026. The entire facility is scheduled for completion in June 2028.
The head of Doosan’s Power Service unit cited the company’s track record of securing six domestic turbine and generator orders over the past three years. He expects at least four similar contracts annually starting next year as South Korea expands its power infrastructure.
The contract adds to Doosan’s growing portfolio in the domestic power sector as the country works to modernize its energy facilities while developing new residential areas.
