HD Hyundai Electric wins UK transformer deal
The company will supply nine transformers with capacities of 275 to 400 kV to five substations operated by National Grid by October 2027.
Image for illustration purposes.
South Korea, Seoul: South Korea’s electric equipment maker HD Hyundai Electric Co. has won a power transformer supply deal worth £47.1 million ($60.1 million) from UK utility National Grid. It will supply nine transformers with capacities of 275 to 400 kV to five substations operated by National Grid by October 2027, according to a regulatory filing by the company.
“The power infrastructure industry keeps enjoying a boom this year thanks to rising global power demand and an increasing supply of renewable energy. Exports of electric devices such as transformers and high-voltage circuit breakers needed to strengthen power grids are expected to stay firm for the time being,” said an HD Hyundai Electric official.
Source: The Korea Economic Daily
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