GE Power today announced that it has signed a purchase agreement to acquire the Heat Recovery Steam Generator (HRSG) business of Doosan Engineering & Construction (011160 KOSPI) for $250 million. The Doosan Engineering & Construction HRSG acquisition will help GE Power meet the growing demand for its combined-cycle power plant solutions, which utilize HRSG technology, and continue to expand its customer offerings.
Doosan Engineering & Construction HRSG—Korean-based world leader in engineering, equipment and infrastructure—has been a trusted and reliable supplier to both GE and Alstom and has a long and proven history as an Alstom licensee. Upon completion of the sale, Doosan Engineering & Construction HSRG will be integrated into GE Power’s Gas Power Systems business, which already includes Alstom’s legacy HRSG business.
Doosan has three advanced manufacturing facilities, including one in Korea and two in Vietnam. In operation since 1977, Doosan Engineering & Construction HRSG currently has more than 1,400 employees specializing in engineering, project management and manufacturing. Doosan Engineering & Construction HRSG has been a supplier to GE and others and has been a long-term licensee of Alstom technology until 2007.
UPDATES:
- Apr, 24 2026 Emerson Releases DeltaV Live Enterprise View
- SLB Advances Digital Strategy with Acquisition of S&P Global Energy’s Upstream Software Portfolio
- Apr, 23 2026 Sierra Leone signs $225 million offshore oil agreement with Nigeria’s Marginal Energy
- Apr, 22 2026 Valmet welcomes Bickel & Wolf Handels GmbH as new Flowrox channel partner in Austria
- IMI signs global framework extention with Solvay for the provision of IIoT sensors