Doosan Heavy Industries & Construction Co., Ltd. won an EPC contract for a combined cycle power plant project worth 620 billion won (US$560 million) in Guam.

On December 21, the company signed a contract to build a 200MW combined cycle power plant in Ukudu, Guam. A consortium of Korea Electric Power Corporation and Korea East-West Electric Power Corporation has been hired as the developer of the project.

The 200MW combined cycle power plant will be built in the Dededo area, which is located about 5 kilometers northwest of Guam’s Antonio B. Won Pat International Airport.

The Guam Electricity Authority selected the KEPCO-EWP consortium as the developer of the project. After that, Doosan was selected by the consortium as the EPC contractor.

It will be responsible for all processes from factory engineering to equipment manufacturing, installation and commissioning. The construction of the plant is expected to be completed in 2024. Doosan will use its technology to build a 25 MW energy storage system (ESS) to provide stable power.

Once the Guam Ukudu 200MW combined cycle plant is put into operation, it is expected to become the largest base load power plant, accounting for approximately 40% of Guam’s electricity supply.

Inwon Park, CEO of Doosan Heavy Industries & Construction's EPC Business Group, said: "We will do our best to make this project a model case of global business expansion. This is achieved through the joint efforts of Korean developers and EPC contractors. We plan to strengthen our efforts. To enter the overseas market for combined cycle power plants."Editor/Huang Lijun