[Featured Stock] Doosan Enerbility Rises on News of 'K-Gasturbine Export Team Korea' Formation

Doosan Enerbility is showing strong performance. This is interpreted as being influenced by news that leading private and public enterprises in the gas turbine sector are cooperating to export Korean-style gas turbines.

As of 10:24 AM on the 20th, Doosan Enerbility is trading at 22,650 KRW, up 4.14% compared to the previous day.

According to the industry, Doosan Enerbility, Korea Southern Power, and nine small and medium-sized enterprises will sign a business agreement for the ‘Gas Turbine Export Community Team Korea’ at Doosan Enerbility’s headquarters in Changwon, Gyeongsangnam-do on the 21st. This is to contribute to strengthening the competitiveness of the domestic gas turbine industry and growth for exports.

This cooperation is notable as it aims not only for the localization of large gas turbines but also for creating an exportable ecosystem. Gas turbines related to liquefied natural gas (LNG) power plants, which play a bridging role in the 2050 carbon neutrality goal, have been an important technological challenge.

Meanwhile, Doosan Enerbility succeeded in localizing power generation gas turbines in 2019 and supplied Korea’s first gas turbine to Korea Western Power’s Gimpo Combined Heat and Power Plant. It is interpreted that power generation public enterprises also contributed to securing competitiveness by proactively applying domestic technology on-site to acquire gas turbine technology.

Doosan Enerbility then partnered with over 340 domestic industry-academia-research institutions from 2021 to develop a Korean-style standard gas combined cycle model as a national project, and in June 2023, signed a main equipment supply contract with Korea Midland Power and Boryeong New Combined Cycle Power Plant.