Doosan Enerbility Secures $610 Million Vietnam Gas Power Plant Contract
Doosan Enerbility is expanding its presence in Vietnam’s gas-fired power market, securing another major project at the O Mon power complex following last year’s contract for the O Mon 4 plant.Doosan Enerbility said Wednesday it has signed an approximately 840 billion won ($610 million) contract with
Doosan Enerbility has secured a significant $610 million contract in Vietnam for the construction of the O Mon 3 combined-cycle gas turbine power plant at the O Mon power complex. This marks the company's second major project in Vietnam following its win for the O Mon 4 plant last year. The contract, signed with PetroVietnam, the state-owned energy group, will see Doosan Enerbility form a consortium with PTSC, an energy services company, to carry out the EPC (engineering, procurement and construction) project.
Doosan Enerbility will also supply the steam turbine equipment for the plant, expanding its role in the local power market. The O Mon 3 plant, located near Ho Chi Minh City, will have a total generation capacity of 1,155 megawatts and is expected to be completed by 2030. This project is part of Vietnam's efforts to expand power generation in its southern region and is expected to help stabilize electricity supplies as demand continues to grow.
Doosan Enerbility's consecutive wins at the O Mon complex are drawing attention in the industry, demonstrating the company's ability to convert project track records into follow-up orders. The firm's experience with local partners on both projects could position it well for additional power generation projects in Vietnam and beyond.
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