LS Electric to sign $358M HVDC transformer system contract with KAPES

LS Electric Co. is expected to sign a 500 billion won ($358 million) contract with KAPES Inc., a joint venture of GE and KEPCO, to build an HVDC converter transformer system. The system will be used in HVDC transmission lines from Korea's metropolitan areas to the east coast.

“LS Electric will sign a contract worth 500 billion won with KAPES Inc., a JV formed by General Electric Co. (GE) and Korea's utility giant Korea Electric Power Corp. (KEPCO), this week to build an HVDC transformer system.”kedglobal.com

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• kedglobal.comLS Electric shares jump on $358mn HVDC transformer order news - KED GlobalChae-Yeon Kim, Yeong-Hyo JeongNov 25, 2024

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