Hyundai E&C’s $725 M Saudi transmission deal
Hyundai E&C has bagged a $725 million order to build a transmission line in Saudi Arabia, its largest-ever power distribution line contract secured from the Kingdom.
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Saudi Arabia, Riyadh: Hyundai Engineering & Construction Co. (Hyundai E&C) has bagged a $725 million order to build a transmission line in Saudi Arabia, marking its largest-ever power distribution line contract secured from the Kingdom. It is part of a construction project for a 1089 kilometer-long, 500 kV high-voltage direct current (HVDC) transmission line. It will connect the Kudmi Substation in the Saudi southwest to the Riyadh Combined Cycle Power Plant 14.
Under the contract signed with National Grid SA, a power transmission unit of Saudi Electricity Co., Hyundai E&C 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 will introduce the double bipole HVDC system with a power transmission capacity of 4000 MW to the Kingdom. Hyundai E&C has completed 35 transmission line projects in the Kingdom over the past 50 years.
Source: The Korea Economic Daily
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