GE receives investment certificate for Doosan E&C HRSG

The certificate was received during a handover ceremony witnessed by Prime Minister Nguyen Xuan Phuc at the Quang Ngai Investment Promotion Conference 2016. This 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 utilising HRSG technology, includes the Doosan E&C HRSG facilities and related manufacturing resources, including two manufacturing facilities located in Vietnam. 

“Since the acquisition intention was announced, we’ve worked closely with Doosan Engineering & Construction to plan the integration and received tremendous support from our customers and local authorities,” said Pham Hong Son, CEO of GE Vietnam.