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Doosan Heavy Industries & Construction (DHIC) sealed a 400 billion won order with Nepal Water & Energy Development (NWEDC) to build a 216-megawatt hydroelectric power station on the Trishuli River, 70 kilometers north of Kathmandu, over the next five years.
NWEDC, a special-purpose entity for the project, is 50 percent owned by Korea South-East Power, a South Korean electric power company, Doosan Heavy said.
According to DHIC's EPC BG head Park In-won, with opportunities to participate in domestic and foreign markets expected to increase in the future, the company will exert efforts to accelerate localization of related equipment and design and revitalize similar industries in South Korea.
He added that the order from Nepal provides momentum to the company's eco-friendly energy business, including offshore wind power and hydrogen.
Doosan Heavy will also build a 215-megawatt hydropower plant in Pakistan and has inked a memorandum of understanding with Korea South-East Power for its construction slated to start in late 2022.
