Daewoo E&C Offensive in Overseas
Nuclear Power Presence

The first Korean contractor to provide technological assistance services to overseas power plants

As far as nuclear power plant construction is concerned, Daewoo E&C may be a late-comer in the local nuclear power industry, compared to the early starters such as Hyundai E&C. However, overcoming the belated entry into the domestic construction market for nuclear power plant, Daewoo E&C is now turning to overseas markets after securing expertise through the successful implementation of the Wolsong project.
The year 2005 was a stellar year for Daewoo E&C, which achieved the best business performance in its history, surpassing targets in all businesses.
In particular, the company's overseas business Division busied its hands at landing orders on power generation and gas refinery facilities as the construction industry of Middle Eastern countries has boomed with more revenues from crude oil surges.
A look into the 2005 business year showed that Daewoo E&C posted orders worth 7.9 trillion won, a 27.6 percent jump from the previous year, a 2.4 percent rise to 5.1 trillion won in sales and a 20.8 percent surge to 590 billion won in operating income.
CHALLENGE AND PASSION, AUTONOMY AND RESPONSIBILITY. With the goal of "creating the highest corporate value"during the year 2006, Daewoo E&C is continuing to put into action "Value Management,"aimed at maintaining the biggest profitability in the field; "Open Management,"designed to pursue financial transparency in accordance with global standards; and "Personnel Management"aimed at nurturing talented workers through support for diverse education programs, including self-motivation. The company is also placing top priority on customer satisfaction through core values -- Challenge and Passion, Autonomy and Responsibility.
Daewoo E&C is in a watershed this year as it is to be merged into another company in the wake of KAMCO's planned disposal of its interest.
SECURING TECHNOLOGY ADVANCES THROUGH WOLSONG PLANT PROJECT. Daewoo has led the plant construction industry, which represents high value added, technology-oriented construction business. Starting the turn-key project of Ulsan Thermal Power Plant in 1977, Daewoo E&C has cut a conspicuous figure in nuclear power plants, thermal power plants, large-scale LNG storage tanks, environmental-friendly incinerators. Armed with various experiences and high-level of technologies in constructing nuclear,
thermal and hydroelectric power plants, the company has contributed to the development of national infrastructure.
Daewoo E&C has solidified its perch as a leading plant construction company at home and abroad.
In particular, despite its belated entry into the domestic construction market for nuclear power plant, Daewoo E&C has made a splash: it acquired the expertise related to CANDU type pressurized heavy water reactor (PHWR) from AECL in the process of its participation in the Wolsong Nuclear Power Units 3 & 4 project as a contractor for constructing major nuclear energy facilities. Unlike AECL's turn-key-based project for building Wolsong Nuclear Unit 1, Korea Hydro & Nuclear Power(KHNP) was the project manager of the Wolsong Nuclear Units 3 & 4 project, and Daewoo E&C and other Korean companies participated in the technology transfer programs with the Canadian company.
In the course of the implementation of the project, the company applied advanced Construction Management Systems including 3D CAD in order to achieve defect free construction and enhance plant efficiency. It also applied the automatic welding method to PHT pipe in reactor building for the first time in Korea.
Daewoo E&C also completed Wolsong project in 51 months, and it is the shortest period in the history of domestic nuclear power plant construction.
It is also undertaking the Wolsong Tritium Removal Facility Project within the Wolsong Power Plant Complex. Under the project, the first of its kind in Korea, the tritium removal facility, designed to remove tritium known as radioactive materials from heavy water used as moderator and coolant, was being tested and operated after successful installation of Cryogenic Distillation Cod Box (CDCB) late last year.
The company also participated in the Korean Peninsula Energy Development Organization(KEDO) project aimed at supplying light water nuclear reactor to North Korea, which has been suspended for political reasons.
Based on the success of the Wolsong Project, Daewoo has extended its nuclear business to Taiwan and China. Daewoo E&C has become the first Korean contractor to advance to foreign markets as it participated in nuclear power plant projects in China and Taiwan. The company provided specific materials ranging from epoxy paint, to insulation as well as technical assistance services in planning & scheduling, design & engineering of steel structure and dousing tank, to Chinese contractors of Qinshan NPP Phase III (CANDU6 x 2 units) project. Daewoo E&C has been participating in the Lungmen NPP (ABWR, 1,350MWx 2 units) project in Taiwan. According to the technological assistance agreement, Daewoo E&C dispatched its experts to provide the consultation services for civil structure of reactor building & control building and mechanical & piping work of Nuclear Island.
Daewoo E&C is now working on the construction of Shin Wolsong Units 1 & 2 project, which was launched two years later behind schedule.
The company is participating in a feasibility study of SMART, a desalination-reactor, as one of contractors of the project. Daewoo E&C is striving to play leading roles in the planned construction of SMART reactor for the confirmation of its performance and exporting desolation plants to developing countries and special regions. It is also expanding its business field to the development of biotechnical and new & renewable energies.
Founded in 1973, Daewoo E&C has carried out numerous projects in such fields as civil, architecture, housing, plant and development. It has been recognized as one of the leading engineering and construction contractors with its accumulated technology. nw

Kim Sun-gu, executive managing director of Daewoo E&C

Qinshan NPP Phase III (CANDU6 x 2 units) project

Lungmen NPP (ABWR, 1,350MWx 2 units) project in Taiwan

Wolsong Nuclear Units 3&4, built by Daewoo E&C