In 1994, Daewoo E&C had completed the Houay Ho Hydropower project in Laos, the first BOT (Build-Operate-Transfer) project implemented outside and proved its overseas project development and construction capabilities. More recently, we developed, invested in and constructed the Pocheon Combined-Cycle Power Plant project in South Korea, which has been supplying reliable electric energy to metropolitan area since September 2017.
To expand our energy business area, we won a contract for a 47MW photovoltaic project, which had turned tangerine fields into solar energy production sites in Jeju Island in South Korea as. Overseas, we have jointly invested with K-water and carried out construction work in the Patrind Hydropower Project in Pakistan, which became operational in November 2017. Through these projects, we have not been only enhancing our business capabilities in energy sector, but also expanding our business area geographically.
Houay Ho Hydropower Plant, Laos | 152MW, BOT scheme, main sponsor, EPC contractor Project cost: USD 240 million |
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Patrind Hydropower Plant, Pakistan | 150MW, BOOT scheme, co-sponsor with K-water, EPC contractor Project cost: USD 436 million |
Pocheon IPP, Pocheon, Korea | 974MW combined-cycle power plant, co-sponsor with KDB infra, EPC contractor Project cost: USD 917.4* million[Exchange rate(USD/KRW, end of 2017): 1063.83] |
Jeju Solar Power Plant, Jeju, Korea | 47.515MW solar power plant, sponsor, EPC contractor Project cost: USD 64.2* million[Exchange rate(USD/KRW, end of 2017): 1063.83] |
Daewoo E&C played a key role in carrying out the Geoga Daero project, from planning and finance through to construction and operation. By constructing the first immersed tunnel in South Korea - the longest and deepest immersed tunnel in the world at that time - we proved our superior ability to undertake major infrastructure projects.
The sea link also reduced travel time between Busan and Geoje from 3 hours to 40 minutes and improved people’s quality of life. We also took part in the Yongin-Seoul Highway as lead manager and completed a 22.9km highway connecting Seoul with Yong-in city which contributed to sustainable development and the distribution of traffic demand in the southern part of the metropolitan area. We contributed to the development of the Guri-Pocheon Highway, the Sosa-Wonsi Double-Track Railway and the Cheonmasan Tunnel and the Ulsan New Port in addition to other large-scale infrastructure PPP projects.
Guri-Pocheon Highway, Korea | 50.6km, with 2-3 lanes each way Project cost: USD 1,607.4 million |
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Ulsan New Port Phase 1-1 Privately Financed Facilities, Ulsan, Korea | 2-wire container pier, 2-wire multipurpose pier, 2-wire ore pier Project cost: USD 243.7 million |
Yongin-Seoul Highway, Korea | 22.9km, with 2-3 lanes each way Project cost: USD 982.4 million |
Geoga Bridge, Korea | 8.2km (Busan - Geoje) Including 3.2km immersed tunnel Project cost: USD 1,864.1 million |
Cheonmasan Tunnel, Korea | 3.23km, with 2 lanes each way Project cost: USD 227.6 million |
Sosa-Wonsi Double-Track Railway, Korea | 22.3km main line, 2.257km access line, with 12 stations and 4 ancillary facilities Project cost: KRW 1,592.6 billion |