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Doosan Heavy wins 400 bln won order to build hydropower plant in Nepal

All News 19:59 October 29, 2020

By Nam Kwang-sik

SEOUL, Oct. 29 (Yonhap) -- Doosan Heavy Industries & Construction Co. said Thursday it has obtained a 400 billion won (US$353 million) order to build a hydropower plant in Nepal.

The South Korean company signed an agreement with Nepal Water & Energy Development Co. (NWEDC) to build a 216-megawatt hydroelectric power station on the Trishuli River, 70 kilometers north of Kathmandu, over the next five years, the company said in a statement.

NWEDC, a special purpose entity for the project, is 50 percent owned by Korea South-East Power Co, a South Korean electric power company, Doosan Heavy said.

Doosan Heavy also signed a memorandum of understanding with Korea South-East Power to build a 215-megawatt hydropower plant in Pakistan, the company said. Construction of the plant will start in late 2022, it added.

This photo provided by Yonhap News TV Co. shows the logo of Doosan Heavy Industries & Construction Co. (PHOTO NOT FOR SALE) (Yonhap)


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