BHI has won its first large-scale order this year in Saudi Arabia. BHI announced on the 12th that it signed a contract with Harbin Electric International (HEI) to supply a liquefied natural gas (LNG) combined cycle power plant heat recovery steam generator (HRSG) worth approximately KRW 293 billion.
BHI will supply a total of six HRSGs, three each for Saudi Luma 2 and Nairiyah 2. There are a total of four combined cycle power plant projects underway in the Luma and Nairiyah regions, each named Luma 1 and 2 and Nairiyah 1 and 2. The Luma 2 and Nairiyah 2 projects, which BHI recently won, are owned by a consortium that includes Japan’s largest power company, JERA.
As a consortium centered around Japan, Abu Dhabi, and Saudi Arabia won the bid for the project, cooperation among companies from related countries was expected, but BHI, a Korean company, was selected as the HRSG supplier.
The company explains that this is the result of BHI securing a number of successful references in the Middle East based on its excellent technological prowess and establishing its position. Last year alone, BHI won three large-scale HRSG supply projects in Saudi Arabia, including Taiba, Qasim, and Duruma.
It is also interpreted that BHI was selected as the HRSG supplier for the large-scale combined cycle power plant construction project that Jera is promoting in Japan, which had a positive impact on this order. Last year, BHI signed a contract with Toshiba to supply two HRSGs for the combined cycle power plant being built in the Chita region of Japan.
A BHI official said, “Our products, which boast excellent technology and quality, are being recognized in the Middle East, which is considered a fiercely contested market for global LNG power generation infrastructure,” adding, “This order will serve as an opportunity to further solidify our position in the Middle Eastern LNG power generation market.”
He continued, “Recently, power plant projects in the Middle East have been showing an increasing trend toward larger scale,” and added, “This is also a very favorable environment for our company, which has strengths in the production of large HRSGs. We will continue to build on our order momentum and solidify our leading position in the global HRSG market.”
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