Economy, Domestic Economy

S. Korea Co. to Build Desalination Plant

S. Korea Co. to Build Desalination PlantS. Korea Co. to Build Desalination Plant

South Korean heavy industrial firm Doosan Heavy Industries and Construction has secured a $186 million deal to build a desalination plant in Iran, the company said Monday.

Doosan is the first global firm to have won a sea water purification plant construction project in Iran after western nuclear sanctions were lifted in January, The Korea Herald reported.

The deal was signed with the Iranian private firm Sazeh Sazan. The South Korean builder will be in charge of designing and constructing the plant for reverse osmosis water filters, and maintaining the facility for 12 years after completion in 2018.

The plant, which is to be constructed in Bandar Abbas, the capital of Hormozagan Province in southern Iran, will filter about 200,000 tons of water a day, equivalent to the volume that could be supplied to 670,000 people.

“Taking the first project as the foundation, we will strengthen our efforts to target the water market in Iran estimated at $2 billion in 2018,” said Yoon Seok-won, head of Doosan’s water business group.

Before the Iran project, Doosan had secured a $380 million project in Doha, Qatar, to build a plant for reverse osmosis filters, the company said.