Utilities Middle East

$8.5mn Hyundai deal

Hyundai Electric & Energy Systems Co., an affiliate of Hyundai Heavy Industries Group, said it has exported ultrahighv­oltage power transforme­rs to Oman’s state utility provider in a deal valued at $8.5mn.

- Www.utilities-me.com

The supply deal with the Oman Electricit­y Transmissi­on Co., included the sales of three 400-kilovolt/500-megavolt ampere power transforme­rs, which will be installed in a new substation north of Oman, Hyundai Electric said.

With the deal, the company’s power transforme­r sales in the Middle Eastern region are estimated to have reached $172 million this year, it said.

In the second half of this year alone, Hyundai Electric has won 20 such supply deals, including the 35 billion-won ($29.4 million) deal clinched with Saudi Arabia in September.

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