Doosan secures $137m Egyptian power plant contract

Doosan secures $137m Egyptian power plant contract

DP World's Sokhna Port is the conduit for oil and gas operations at Ain Sokhna, where Doosan received its last contract in Egypt in 2010. 

by John Bambridge on Dec 18, 2016 

Doosan Heavy Industries & Construction has been awarded a $137m contract for gas turbine and generator installation work on two power plants in Egypt.

Doosan will build and install a gas turbine at the under-construction Assiut Power Plant, on behalf of the Upper Egypt Electricity Production Company, and by April 2020 has also agreed to install a generator at the Cairo West Power Plant, run by the Cairo Electricity Production Company.

“Doosan Heavy outbid global power equipment giants GE [General Electric], Siemens and MHPS [Mitsubishi Hitachi Power Systems] for this contract – proving its competitiveness in overseas markets,” said an official from the Korean firm.

The deal is the Korean firm’s first successful bid for contacts in the country since 2010 – when the firm won a 400 billion won ($337m) deal for work on the El Ain El Sokhna Power Plant.

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