# 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.

- Type: Contract
- Announced: 2024-11-25
- Where: South Korea
- Value: $358.0M (500.0B KRW)
- Status: announced
- Products: HVDC converter transformer system
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (partner)
- [KAPES](https://endata.com/companies/2750.md) (customer)
- [LS Electric](https://endata.com/companies/15629.md) (supplier)
- [Korea Electric Power Corp](https://endata.com/companies/15864.md) (partner)

## Sources

- [kedglobal.com](https://www.kedglobal.com/energy/newsView/ked202411250004), 2024-11-25: "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."

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