Hyundai Electric sells power transformers to Oman
Korea, Seoul: Hyundai Electric & Energy Systems Co. will supply of power transformers in a deal valued at $8.5 M.
Image source: Yonhap News Agency
Korea, Seoul: Hyundai Electric & Energy Systems Co. will supply of power transformers in a deal valued at $8.5 M.
The affiliate of Hyundai Heavy Industries Group has disclosed that it has exported ultra high-voltage power transformers to Oman’s state utility provider.
The supply deal with the Oman Electricity Transmission Co., included the sales of three 400 kV/500 MVA power transformers, which will be installed in a new substation north of Oman, Hyundai Electric said.
With the deal, the company’s power transformer sales in the Middle Eastern region are estimated to have reached $172 M this year, it said.
In the second half of this year alone, Hyundai Electric has won 20 such supply deals, including the $29.4 M deal clinched with Saudi Arabia in September 2021.
Source: Yonhap News Agency
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