LS Cable & System (LS C&S), South Korea’s largest cable manufacturer, reports that it has won a $137 million contract for it to supply high-voltage cables for a project in Singapore.
A press release said that the deal, signed with Singapore’s power supply authority, is part of a major energy infrastructure project aimed at transmitting solar-generated electricity from Indonesia to Singapore.
LS C&S will provide 230-kV cables for an underground transmission section, with responsibilities covering manufacturing, construction and installation.
Per a report in The Korea Herald, the company said it is negotiating an additional contract potentially worth $105 million for more underground cable sections. It is exploring a partnership with Vietnam Oil and Gas Group, Vietnam’s state-run energy supplier, to transmit wind-generated electricity from a Vietnamese wind farm to Singapore via undersea cables. LS C&S expects the recent deals to pave the way for expansion into Southeast Asia’s cable submarine cable sector.