19 February 2009 18:12 [Source: ICIS news]
TORONTO (ICIS news)--Doosan Heavy Industries is going ahead with plans to build a coal-based integrated gasification combined cycle (IGCC) power plant in South Korea, the contractor designing the project said on Thursday.
US-based petrochemicals engineering firm Foster Wheeler, which won the contract for the project’s front-end engineering design, said the plant would be based on Shell technology and was due to be completed in 2014.
Foster Wheeler was picked because of its expertise in gasification and IGCC using a wide range of feedstocks, it said but did not disclose capacities or financial terms.
In 2007, Doosan said in a press release the project was a government initiative. At the time, project costs were estimated at Korean won (W) 600bn ($410m).
($1 = W1,464)
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