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Biz News Korea(Eng)
LS Cable wins cable supply contract for power infrastructure project in Qatar
- Collected
- 2017.08.02
- Distributed
- 2017.08.03
- Source
- Go Direct
![Myung Roe-Hyun, LS Cable & System Chief Executive, and Essa bin Hilal Al Kuwari, Qatar’s State Utility Firm President, shake hands with each other after signing a contract. [Photo by LS Cable & System]](http://file.mk.co.kr/meet/neds/2017/08/image_readtop_2017_516432_15015749652977709.jpg)
Myung Roe-Hyun, LS Cable & System Chief Executive, and Essa bin Hilal Al Kuwari, Qatar’s State Utility Firm President, shake hands with each other after signing a contract. [Photo by LS Cable & System]
The deal worth 219.2 billion won ($195.5 million) is part of a 2.6 trillion won government infrastructure project aimed to build 77 transmission substations and 450 kilometer-long extra-high voltage cables for power supply.
Under the contract, LS Cable will provide more than 70 percent of the cables required in the project including the 132-kilovolt (kV) and 220kV kind as well as the high-end 400kV version.
The company said the largest-ever deal is big enough to cover 7.13 percent of its revenue last year.
LS Cable commands the largest share in the Middle East market on submarine and extra-high voltage cables.
By Kim Jung-hwan
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]