Cash-strapped Doosan Heavy improves financial health via self-rescue plan |
This file photo, provided by Doosan Heavy Industries & Construction Co. on Aug. 12, 2020, shows a view of the power plant builder s plant in Changwon, 398 kilomters south of Seoul. (Doosan Heavy Industries & Construction Co.)
Cash-strapped Doosan Heavy Industries & Construction Co. has improved its financial health this year by selling new shares and assets and receiving financial help from its holding company Doosan Corp. and key shareholders, a local rating appraiser said Thursday. Doosan Heavy has been improving its financial status and reducing its debts on the back of Doosan Group s self-rescue plan, NICE Investors Service said in its report.
Posted : 2020-12-31 14:16
Doosan logo in front of its headquarters in Seoul Yonhap
Cash-strapped Doosan Heavy Industries Construction has improved its financial health this year by selling new shares and assets and receiving financial help from its holding company Doosan Corp. and key shareholders, a local rating appraiser said Thursday. Doosan Heavy has been improving its financial status and reducing its debts on the back of Doosan Group s self-rescue plan, NICE Investors Service said in its report.
The rating agency kept Doosan Heavy s long-term rating at BBB, the lowest tier of investment grade, placing it on the credit watch list due to lingering uncertainties over cash flow.
Mekong River to be harnessed for 728MW Phou Ngoy facility in southern province of Champasak
9 Dec 2020 |
Michael Marray
Doosan Heavy Industries & Construction has signed a memorandum of understanding with Korea Western Power to partner in developing the 728MW Phou Ngoy hydropower plant on the Mekong River in Laos.
Thai developer Charoen Energy and Water Asia signed the original agreement with the Lao People s Democratic Republic to develop Phou Ngoy, and brought in Korea Western Power as a partner. Korea Western Power is a subsidiary of Korea Electric Power.
In August a tri-party investment agreement was entered into with Korea Overseas Infrastructure & Urban Development Corporation.
Doosan Heavy teams up with local govt. to build offshore wind farm |
This file photo, provided by Korea Offshore Wind Power on Oct. 27, 2020, shows a test site of the offshore wind farm to be built in seas off the coast between Gochang County and Buan County, which is about 250 kilometers southwest of Seoul. (Korea Offshore Wind Power)
South Korea s top power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has joined forces with a local government to build an offshore wind farm in seas off the coast of the southwestern part of the country.
Doosan Heavy signed a deal with the government of North Jeolla Province to cooperate on the construction of a 2.4-gigawatt offshore wind farm to be completed by 2028, a 14 trillion-won ($12.8 billion) project, the company said in an emailed statement.
Doosan Heavy Teams Up with Local Gov’t to Build Offshore Wind Farm
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This file photo, provided by Korea Offshore Wind Power on Oct. 27, 2020, shows a test site of the offshore wind farm to be built in seas off the coast between Gochang County and Buan County, which is about 250 kilometers southwest of Seoul.
SEOUL, Dec. 17 (Korea Bizwire) South Korea’s top power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has joined forces with a local government to build an offshore wind farm in seas off the coast of the southwestern part of the country.