SEOUL, June 10 (AJP) - South Korean energy company Doosan Enerbility has secured a contract valued at approximately 900 billion Korean won, or $650 million, to build a major gas-fired power plant in southern Vietnam, in partnership with the state-owned Petrovietnam.
The agreement, signed on June 6 in Hanoi, marks one of the largest foreign energy infrastructure deals in Vietnam this year.
The project involves construction of a combined cycle gas turbine power plant, located roughly 180 kilometers southwest of Ho Chi Minh City. With a planned generation capacity of 1,155 megawatts, the facility is expected to come online in 2028 and play a critical role in bolstering electricity supply across southern Vietnam, particularly in the industrial hub of Can Tho.
Doosan will lead the project in a consortium with Vietnam-based engineering firm PECC2, taking charge of equipment supply, construction, and integrated commissioning.
The deal is Doosan Enerbility’s fifth overseas gas turbine contract in 2025, bringing its total value of international projects this year to approximately 4.3 trillion won, or $3.1 billion. Earlier contracts include a peaking power unit in Qatar signed in February, and three major projects in Saudi Arabia inked in March.
“Our track record in Vietnam’s power sector has been a key factor in securing this contract,” said Lee Hyun-ho, head of Doosan’s Plant EPC Business Group. “With Vietnam targeting 37.4 gigawatts of gas-fired generation capacity by 2030, we are committed to further expanding our presence in this fast-growing market.”
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