[THE INVESTOR] Korea’s top power equipment maker Doosan Heavy Industries & Construction said on June 27 that it has bagged a 220 billion-won (US$185 million) deal to build a desalination plant in Iran.
Under the deal with the Iran-based Sazeh Sazan, the firm will construct the facility by October 2018. The Korean company will also do operating and maintenance work for 12 years.
Doosan Heavy’s deal marks the first for a desalination plant in the Islamic republic after international sanctions on it were lifted earlier this year.
The facility will process 200,000 tons of seawater into fresh water a day, enough for 670,000 people, according to Doosan Heavy.
In May, Doosan Heavy also received a 460 billion-won deal to build a desalination plant in Kuwait.