GE receives Investment Certificate for Doosan Engineering & Construction HRSG business
Thursday, 11/08/2016 10:23 (GMT+7)
(CPV) - GE in Vietnam on August 10th received the Investment Register Certificate for transferring Doosan Engineering & Construction Heat Recovery Steam Generator (Doosan E&C HRSG) manufacturing and projects in Vietnam’s Dung Quat Economic Zone.
Photos: Thanh Hai
Prime Minister Nguyen Xuan Phuc witnessed the handover ceremony during the Quang Ngai Investment Promotion Conference 2016.
The Investment Register Certificate is an important step in GE’s acquisition process of Doosan E&C HRSG in the country.
In May 2016, GE Power, a division of GE, signed a purchase agreement to acquire the HRSG business of Doosan E&C.
This acquisition, which will help GE Power meet the growing demand for its combined cycle power plants utilizing HRSG technology, includes the Doosan E&C HRSG facilities and related manufacturing resources, including two manufacturing facilities located in Vietnam.
Besides, it has affirmed GE commitment in building local manufacturing capabilities. With the expansion of manufacturing space for HRSG, the Company will continue to build and grow total plant solutions for nation’s key power projects./.
ATP
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