# Hyosung Heavy Industries wins 420kV transformer supply contract with Statnett

Hyosung Heavy Industries has secured a contract to supply 420kV transformers to Statnett SF, the Norwegian transmission system operator, with a contract value of NOK 2,930,949,000 (approximately KRW 383.3 billion). The contract period runs from July 2024 to January 2032.

- Type: Contract
- Announced: 2024-07-05
- Where: Norway, Norway
- Value: $275.0M (2.93B NOK)
- Status: announced
- Products: 420kV transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hyosung Heavy Industries](https://endata.com/companies/5898.md)
- [Statnett](https://endata.com/companies/55338.md) (customer)
- [Statnett SF](https://endata.com/companies/78449.md) (customer)

## Sources

- [economyreports.com](https://economyreports.com/filings/20260930-hyosung-heavy-industries-corporation-major-contract-20260930800924), 2024-07-05: "계약 상대방은 노르웨이 송전청(Statnett SF)이며, 계약 대상은 420kV 변압기 등이다."
- [dailian.co.kr](https://www.dailian.co.kr/news/view/1380858/%ED%9A%A8%EC%84%B1%EC%A4%91%EA%B3%B5%EC%97%85-%EB%85%B8%EB%A5%B4%EC%9B%A8%EC%9D%B4-3300%EC%96%B5-%EA%B7%9C%EB%AA%A8-2024), 2024-07-08: "유럽 시장에서 효성중공업의 기술력과 품질을 인정받은 만큼 유럽을 기반으로 전세계 시장에서 영향력을 더욱 높여가겠다."
- [ajupress.com](https://www.ajupress.com/view/20240708160630024), 2024-07-08: "Hyosung Heavy Industries secured a 330 billion won ($238.5 million) order to supply transformers to Statnett."

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