Monday 15 July 2019
 
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Korean group wins $95m Kuwait power grid deal

KUWAIT CITY, 27 days ago

South Korea’s leading cable manufacturer LS Cable & System (LS C&S) has secured a 112.5 billion won ($95 million) worth contract to build a power grid in Kuwait, reported Pulse News.

Under the contract with Kuwait`s Public Authority for Housing Welfare, LS C&S will build the power grid in Al Mutlaa, a new town located 40 km northwest of Kuwait City.

The Korean company first entered the Middle Eastern cable market in early 2000 and now commands the largest share in the region’s high-voltage power cable sector.

As per the deal, company will be responsible for supplying 400-kV-class power lines as well as power grid construction. The project is likely to start next month and is due to be completed by January 2021, it added.




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