# Hyosung Heavy Industries wins $235.7B won Ethiopia grid contract

Hyosung Heavy Industries signed a contract worth 235.7 billion won with the Ethiopian Electric Power to expand the national power grid. The project involves new and expanded substations and transmission lines in southern Ethiopia, funded by the Export-Import Bank of Korea's EDCF.

- Type: Contract
- Announced: 2022-09-07
- Where: southern Ethiopia, Ethiopia
- Value: $170.0M (235.7B KRW)
- Status: announced
- Products: substations, transmission lines
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hyosung Heavy Industries](https://endata.com/companies/5898.md)
- [Ethiopian Electric Power](https://endata.com/companies/36519.md) (customer)

## Sources

- [fnnews.com](https://www.fnnews.com/news/202209071757330884), 2022-09-07: "효성중공업은 에티오피아 전력청과 국가전력망 확충 사업 계약을 2357억원에 체결했다고 7일 공시했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.