Doosan Heavy Industries & Construction (DHIC) and Doosan Heavy Industries Viet Nam (Doosan Vina) – two subsidiaries of South Korea’s Doosan Group, began construction of the Nghi Son 2 Thermal Power Plant project in Thanh Hoa Province on Monday.

A source from Doosan Vina said the two firms will build two supercritical boilers, high efficiency turbines and generating units for the 1,330 megawatt (MW) Nghi Son 2 Power Plant, slated for completion in 2022.

The thermal power plant, invested in by a joint-venture of Marubeni of Japan and Korea Electric Power Corporation (KEPCO) with total investment US$2.79 billion, will supply power for 6.8 million households.

Earlier, Doosan received an advance payment of $170 million from Marubeni and KEPCO to commence construction of the two turbines and boilers.

Since 2012, DHIC has won more than $6 billion in orders in Viet Nam that include the contracts for the Mong Duong 2, Song Hau 1 and Vinh Tan 4 power plants.

The Doosan Group is a global multinational focusing on power, water and infrastructure developments worldwide. The company is headquartered in Seoul, South Korea, and has operations in 38 countries and $22 billion in annual revenue.

Doosan Vina, based in Quang Ngai Province, provided rail mounted quay cranes and a high-tech pressure equipment for the Nghi Son Refinery & Petrochemical project in 2014-15.

It exported made-in-Viet Nam boilers, heat recovery steam generators and desalination, crane and chemical processing equipment valued at US$2.4 billion in 2017. — VNS