An affiliate of shipbuilder Hyundai Heavy Industries Co. and trading company POSCO DAEWOO secured a 50 billion won ($44 million) transformer order from Britain's National Grid plc, the companies said Wednesday.
Hyundai Electric & Energy System and POSCO DAEWOO said they signed the deal to supply 23 high-pressure transformers to electric power stations in Britain for three years ending 2020.
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(Yonhap) |
The two Korean firms have already provided 130 billion won worth of transformers to National Grid since 2011. (Yonhap)