# HD Hyundai Electric wins KRW 213.6B power transformer order from Xcel Energy

HD Hyundai Electric's US subsidiary Hyundai Electric America signed a KRW 213.6 billion ($164 million) deal with Xcel Energy to supply power transformers for power plants in Texas, Colorado and Minnesota. Delivery is scheduled between 2025-2027.

- Type: Contract
- Announced: 2023-06-27
- Where: Texas, Colorado, Minnesota, United States
- Value: $164.0M (213.6B KRW)
- Status: announced
- Products: power transformers, extra-high voltage transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [HD Hyundai Electric](https://endata.com/companies/15628.md)
- [Semco Maritime](https://endata.com/companies/26749.md) (customer)
- [Xcel Energy](https://endata.com/companies/32627.md) (customer)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20230627004700320), 2023-06-27: "It marks the company's single-largest contract since 2017 when HD Hyundai Electric was spun off from Hyundai Heavy Industries Co."
- [koreaherald.com](https://www.koreaherald.com/article/3154206), 2023-06-27: "HD Hyundai Electric struck a 213.6 billion won deal to provide its electric power transformer to US energy firm Xcel Energy, marking the largest contract for a single product since the company’s spinoff from Hyundai Heavy Industries in 2017."
- [m.koreaherald.com](https://m.koreaherald.com/article/3154206), 2023-06-27: "HD Hyundai Electric struck a 213.6 billion won deal to provide its electric power transformer to US energy firm Xcel Energy, marking the largest contract for a single product since the company’s spinoff from Hyundai Heavy Industries in 2017."

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