USA|HGT successfully signed a condenser contract with Doosan for Guam 200MW Combined Cycle Power Plant project

In November 2021, HGT cooperated with DOOSAN ŠKODA POWER and successfully won the 200MW Guam CCPP project, which is the first direct cooperation between our company and Doosan. It is also the second industry giant that our company has cooperated with since 2016 when it began to dig into the overseas power generation market and cooperated with Samsung C&T. HGT and Doosan have established contact since 2016. After five years of multiple quotations for more than ten projects, they have continuously strengthened technical and business exchanges and communication, and have been highly recognized by Doosan. The project also stood out among a number of Korean and European auxiliary machinery suppliers and finally signed the contract.

On December 21, 2020, Doosan Heavy Industries & Construction, as EPC, signed an order for a 200MW combined cycle power generation project in Guam worth 620 billion won (approximately US$560 million). The developers of this project are Korea Electric Power Corporation (KEPCO) and the Korea East-West Power Consortium (EWP), and the project is expected to complete the plant construction by 2024. After the power station is completed, it will become the largest base load power station in Guam, accounting for about 40% of Guam's electricity supply.

Doosan executives highly affirmed HGT and placed high hopes on the future cooperation between the two sides. The successful signing of this project not only lays a solid foundation for the future cooperation between the two sides, but also is another major milestone for HGT in overseas EPC and international market development. Our company will take this opportunity to continue to deepen the overseas power generation market and continue to move forward towards the company's mission and vision.