GE Power has signed an agreement to purchase Doosan Engineering & Construction’s Heat Recovery Steam Generator (HRSG) for $250m.
Following its completion, Doosan HSRG will be integrated into GE Power’s Gas Power Systems, which already includes Alstom’s HRSG business.
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The acquisition is expected to help GE Power expand what it can offer its customers and meet growing demand for its combined-cycle power plant solutions.
Its president and CEO Steve Bolze said: "With the Alstom acquisition, we are now offering full power plant solutions and seeing an even greater demand for our highest-efficiency HA heavy-duty gas turbine plants.
"The Doosan Engineering & Construction HRSG acquisition will help us meet our forecasted growth and better manage costs by increasing our global manufacturing capacity and further complementing our existing HRSG technology. We’re also gaining a talent pool that is one of the best in the world."
HRSG technology is a critical component of a combined-cycle power plant and can help generate up to 33% power output.
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By GlobalDataDoosan was a supplier to GE and was a long-term licensee of Alstom technology until 2007.
With more than 1,400 employees, Doosan has three advanced manufacturing facilities, including one in Korea and two in Vietnam.
