LS C&S secures US$95 mn power grid contract in Kuwait

Posted on 19th June 2019

LS C&S secures US$95 mn power grid contract in Kuwait
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According to *Tradearabia news report, 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 power grid in Kuwait, reported Pulse News.

Under the contract with Kuwait`s Public Authority for Housing Welfare, LS C&S will build 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.

*News source: http://tradearabia.com/news/CONS_355688.html

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