On 10 September 2021, K-Water, Korea Water Resources Corporation awarded a contract for the Engineering, Procurement and Construction (EPC) of the Daesan Seawater Desalination Plant to GS Inima, through the latter’s parent company, GS E&C. The contract is valued at approximately €200 million and the facility is expected to enter into operation in the second half of 2024.
The Daesan plant will be South Korea’s first large-scale desalination plant and will have a peak capacity of 100,000 m3/day. The project will begin in October of this year and the new plant will enable the supply of water to the industrial area of Daesan.
The city of Daesan is home to one of the three major petrochemical industrial complexes in Korea. With an area of 430 hectares, the Daesan Industrial Complex accounts for approximately 40% of South Korea’s petrochemical production.
Through the securing of this contract, GS Inima continues to reinforce its position in the Asian market. This year the company will complete the acquisition of an asset in Vietnam, further boosting its presence on the continent of Asia.
“The award of this contract in Korea is a milestone for GS Inima as it is our first desalination project in the country and comes about as the result of collaboration with our shareholder GS E&C. We are confident that this project will be one of many, as we plan to continue focusing on Asia, a market with great potential”, says Diego de Vera, International Business Development Manager at GS Inima.