# Hyosung Heavy Industries wins 42.8B KRW contract to modernize Mozambique power grid

Hyosung Heavy Industries signed a 42.8 billion KRW contract with Mozambique's state-owned electricity company EDM to supply and replace 14 units of 220kV ultra-high voltage transformers and expand substations by 2029.

- Type: Contract
- Announced: 2024-05-04
- Where: Mozambique, Mozambique
- Value: $31.0M (42.8B KRW)
- Status: announced
- Products: 220kV ultra-high voltage transformers, substation equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hyosung Heavy Industries](https://endata.com/companies/5898.md)
- [EDM](https://endata.com/companies/56402.md) (customer)
- [Government of Mozambique](https://endata.com/companies/77955.md) (customer)

## Sources

- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=218455), 2024-06-04: "Hyosung Heavy Industries has secured a significant contract to supply power equipment and expand substations in Mozambique."
- [switchgear-magazine.com](https://switchgear-magazine.com/tm-news/business/hyosung-heavy-industries-secures-contract-to-modernize-mozambiques-power-grid/), 2024-06-10: "With this Mozambique contract, we aim to become a top-class supplier in the African power market."
- [switchgear-magazine.com](https://switchgear-magazine.com/news/business/hyosung-heavy-industries-secures-contract-to-modernize-mozambiques-power-grid/), 2024-06-10: "With this Mozambique contract, we aim to become a top-class supplier in the African power market."

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