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Biz News Korea(Eng)
LS C&S bags $60 mn deal to build aerial cables in Bangladesh
- Collected
- 2017.11.16
- Distributed
- 2017.11.17
- Source
- Go Direct
LS C&S said on Thursday that it will carry out the new aerial cable project on a turnkey basis in which it is responsible for every construction process from cable production to pylon construction. It aims to initiate the project in the first half of next year and complete it by June 2020. A majority of turnkey deals the company has won in the past were underground or underwater cable construction projects. As for aerial cables, it used to secure deals worth less than 10 billion won ($9 million) as it was only in charge of production and supply.
Aerial cables, installed on the top of power poles or towers, are mostly used for power transmission. They are cheaper to install than underground cables. Aerial cable construction is usually carried out by large-sized EPC (engineering, procurement and construction) firms as they are better positioned to handle many requirements from site purchasing to solving civil affairs.
“The new project would serve as an opportunity for us to aggressively participate in aerial cable projects overseas,” said Myung Roe-hyun, chief executive of LS C&S.
The company has so far clinched orders worth more than $100 million including the $46 million worth contract in Bangladesh it signed in September to add more underground cables in urban areas.
By Woo Je-yoon and Choi Mira
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]