Hyundai to provide Saudi Arabia with transformers
Hyundai Electric & Energy Systems Co. has won an order to provide Saudi Arabia with power transformers.
The order, worth around $23 million, is for the supply of power transformers to a Saudi Arabian gas project.
Under the deal with Saudi Aramco, Hyundai Electric will supply 24 230-kilovolt transformers for the Hawiyah Unayzah Gas Reservoir Storage Project by July 2021.
Hyundai Electric said it also aims to win power equipment orders for Saudi Aramco’s Marjan project, which aims to expand offshore oil and gas production.
Hyundai Electric & Energy Systems Co. is a power equipment unit of Hyundai Heavy Industries Group.
Source: Yonhap News Agency
Photo (for illustrative purposes): Power transformer, converters / J. Triepke / Flickr / CC BY 2.0
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