Hyundai E&C wins $725 mn Saudi Arabia HVDC line order

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Hyundai E&C wins $725 mn Saudi Arabia HVDC line order - Korea Economic Daily

Quick Summary:

Under the contract Hyundai E&C signed with National Grid SA, a power transmission unit of Saudi Electricity Co, it is responsible for Portion 1 of the three-portion project to build a 369 km transmission line near Kudmi Substation by January 2027 on a turnkey basis, it said in a statement.

Hyundai Engineering & Construction Co.(Hyundai E&C) said on Tuesday it has bagged a $725 million order to build a power transmission line in Saudi Arabia, marking its largest-ever power distribution line contract secured from the Kingdom.

An HVDC transmission system is regarded as a next-generation electricity transmission technology, ideal for renewable energy such as solar and wind power.