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Type | Public (traded on the Korea Stock Exchange) |
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KRX: 034020 | |
Industry | Power plants, Desalination Plants & Construction |
Founded | 1962 |
Headquarters | Changwon, South Korea |
Key people |
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Products | Nuclear power plants, Thermal power plants, Desalination plants, Castings and Forgings to Construction, Reactor vessel, Steam generator, Pressurised heavy water reactor, generators and Steam & Gas turbines of Power Plant |
Revenue | US$ 7.67 billion (2011) |
Number of employees | 7,728 |
Subsidiaries | Doosan Power Systems, Doosan IMGB, Doosan Heavy Industries Vietnam, Doosan Vina HaiPhong, Doosan Power Systems India, Doosan HF Controls |
Website | http://doosanheavy.com |
Doosan Heavy Industries & Construction Co., Ltd., a subsidiary of Doosan Group, is a heavy industrial company headquartered in Changwon, South Korea. It was established in 1962. Its business includes manufacturing and construction of nuclear power plants, thermal power stations, turbines and generators, desalination plants, castings, and forgings.
In 1962, Doosan Heavy Industries & Construction Co., Ltd, formerly known as Korea Heavy Industries and Construction Co., Ltd, was founded by Doosan Group. In 1999, Doosan Heavy Industries & Construction was integrated with several other domestic power industries.
In 2000, Doosan Heavy Industries & Construction went public and was listed on the Korean stock market. In 2001, Korea Heavy Industries and Construction Co., Ltd was renamed as Doosan Heavy Industries & Construction Co., Ltd. The company was ranked first in global desalination market and selected as "Global Product". In 2006, Doosan Heavy Industries and Construction acquired Kvaerner IMGB (Currently Doosan IMGB) and Mitsui Babcock (Currently Doosan Babcock). The company established water R&D centers in Dubai (UAE) and Tampa, Florida (USA). In 2007, Doosan Heavy Industries and Construction began the construction of Doosan VINA plant in Vietnam.
In 2008, Doosan Engineering & Construction signs a contract regarding the supply of nuclear equipment, such as reactor vessels and steam generators, with Westinghouse. The input is for the two AP1000 reactors located in USA and is worth around $195 million US dollars. [1]
In 2009, Doosan Heavy Industries and Construction acquired Czech-based power systems maker Škoda Power. Doosan VINA was completed in 2009.
In 2010, Korea Electric Power Company (Kepco) granted Doosan Heavy Industries a $3.9 billion US dollar contract to supply equipment for four nuclear power reactors planned in the United Arab Emirates. [2]
In 2011, Doosan Heavy Industries and Construction acquired AE&E Chennai Works (Currently Doosan Power Systems India).
In 2012, Doosan Heavy Industries and Construction acquired the assets of Enpure Limited, a water process engineering company in the UK to form Doosan Enpure.
On December 10, 2014, Korea Herald reports that Doosan Engineering & Construction has scrapped original plans to build a 1 trillion won thermal power plant. [3] This halt in building plans hinders the Company’s chances of meeting its annual target of winning 10 trillion won worth of construction orders. [3] The reason behind the cancellation of plans by National Thermal Power Corporation Limited (NTPC) was due to the lack of government approvals regarding environmental and other issues. In September, Doosan had bid the lowest price for a Katwa 1,320 megawatt power plant, beating Indian rival Larsen & Toubro. [3]
In December 2014, it signed a contract to build the Nghi Sơn II Power Station in Vietnam, and in April 2015, the Anin Thermoelectric Power Plant in South Korea. [4] [5] In February 2015, it delivered seawater desalination plant facilities for Escondida in Chile. [6] In June and July the company won tenders for water treatment plants in the United Kingdom and Oman. [7] In April 2015, the company delivered a nuclear reactor for the Barakah Nuclear Power Plant in the United Arab Emirates. [8]
In 2016, Doosan Heavy Industries and Construction acquired 1Energy Systems, a Seattle-based company that specializes in ESS control system software, to form Doosan GridTech [9]
Westinghouse Electric Company LLC is an American nuclear power company formed in 1999 from the nuclear power division of the original Westinghouse Electric Corporation. It offers nuclear products and services to utilities internationally, including nuclear fuel, service and maintenance, instrumentation, control and design of nuclear power plants. Westinghouse's world headquarters are located in the Pittsburgh suburb of Cranberry Township, Pennsylvania. Brookfield Business Partners is the majority owner of Westinghouse.
Mitsubishi Heavy Industries, Ltd. is a Japanese multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile department is the predecessor of Mitsubishi Motors.
Doosan Group is a South Korean multinational conglomerate corporation. In 2009, the corporation was placed in the Fortune Global 500 index. It is the parent company of Bobcat and Škoda Power. Doosan Group is the oldest running company in South Korea and is ranked as one of the world's top 10 largest heavy equipment manufacturers in 2018.
Babcock International Group plc is a British aerospace, defence and nuclear engineering services company based in London, England. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.
Korea Electric Power Corporation, better known as KEPCO or Hanjeon, is the largest electric utility in South Korea, responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO, through its subsidiaries, is responsible for 93% of Korea's electricity generation as of 2011. The South Korean government owns a 51.11% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 65,383 MW. On the 2011 Fortune Global 500 ranking of the world's largest companies, KEPCO was ranked 271. KEPCO is a member of the World Energy Council, the World Nuclear Association and the World Association of Nuclear Operators. As of August 2011, KEPCO possesses an A+ credit rating with Fitch Ratings, while Moody's has assigned KEPCO an A1 stable rating.
Chubu Electric Power Co., Inc., abbreviated as Chuden in Japanese, is a Japanese electric utilities provider for the middle Chūbu region of the Honshu island of Japan. It provides electricity at 60 Hz, though an area of Nagano Prefecture uses 50 Hz. Chubu Electric Power ranks third among Japan's largest electric utilities in terms of power generation capacity, electric energy sold, and annual revenue. It is also one of Nagoya's "four influential companies" along with Meitetsu, Matsuzakaya, and Toho Gas. Recently, the company has also expanded into the business of optical fibers. On January 1, 2006, a new company, Chubu Telecommunications, was formed.
Atmea was a joint venture between Mitsubishi Heavy Industries (MHI) and EDF Group set up in 2006 to develop, market, license and sell the ATMEA1 reactor, a new generation III+, medium-power pressurized water reactor (PWR). The company was headquartered in Paris. The joint venture was abandoned in 2019.
Doosan Babcock Ltd is part of Doosan Power Systems S.A., a subsidiary of Doosan Heavy Industries & Construction. It is a power sector OEM, construction, upgrade, and after-market services company that offers specialist services and technologies to the fossil-fired power generation, nuclear power generation, and oil, gas, and petrochemical industries.
Doosan Engineering & Construction is a South Korean general construction company and an affiliate of Doosan Group. Since its inception in 1960, the Company has engaged in the construction of infrastructure facilities, including roads, railroads, bridges, ports, buildings and residential facilities.
BGR Energy Systems Limited is a company headquartered at Chennai, operating in the utility industry, offering services ranging from product manufacturing to project execution. The Company operates in two segments: capital goods and construction and engineering procurement construction (EPC) Contracts.
Doosan Corporation is a corporate holding company headquartered in Euljiro 6-ga, Jung-gu, Seoul, South Korea.
National nuclear energy policy is a national policy concerning some or all aspects of nuclear energy, such as mining for nuclear fuel, extraction and processing of nuclear fuel from the ore, generating electricity by nuclear power, enriching and storing spent nuclear fuel and nuclear fuel reprocessing. Nuclear energy policies often include the regulation of energy use and standards relating to the nuclear fuel cycle.
Doosan Power Systems is a holding company in the power generation industry that provides shared IT, communications, legal, financial and other administrative services to its subsidiary companies:
Vietnam has been considering to develop nuclear power for peaceful purposes based on modern, verified technology since 1995, and firm proposals surfaced in 2006. However, in November 2016 Vietnam decided to abandon nuclear power plans as they were "not economically viable because of other cheaper sources of power."
The Barakah nuclear power plant is the United Arab Emirates's first nuclear power station, the first nuclear power station in the Arabian Peninsula, and the first commercial nuclear power station in the Arab World. It consists of four APR-1400 nuclear reactors. Total capacity is 5380 MW which is intended to supply up to 25% of UAE's energy needs. The site is in the Gharbiya region of Abu Dhabi, on the coastline between the Persian Gulf and the E11 highway, 50 km west of Ruwais.
The APR-1400 is an advanced pressurized water nuclear reactor designed by the Korea Electric Power Corporation (KEPCO). Originally known as the Korean Next Generation Reactor (KNGR), this Generation III reactor was developed from the earlier OPR-1000 design and also incorporates features from the US Combustion Engineering (C-E) System 80+ design. Currently in South Korea there are two units in operation, and 4 units in construction. One unit is completed and in commercial operation in the United Arab Emirates at Barakah, with three more under construction at Barakah.
The Emirates Nuclear Energy Corporation is the entity responsible for the deployment and ownership of nuclear energy plants in the United Arab Emirates (UAE).
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