Sunday, 17 December 2017 12:08 GMT
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S. Korea's Hyosung Wins US$100 Million Deal from Algeria

(MENAFN - Qatar News Agency) Hyosung Corp., a South Korean electricity machinery maker, said Monday that it has clinched a US$100 million deal to build an electricity transformer in Algeria.



Under the deal with Algeria's state-owned utility distributer Sonelgaz, Hyosung will construct a 400-kilovolt substation in the northern Marsat region by 2016, according to South Korea's (Yonhap) News Agenc



Hyosung said it has formed a consortium with Samsung C and T Corp., a construction unit of Samsung Group, for the projec



The order came after Hyosung won an $80 million project to build four 400-kilovolt substations in Algeria's eastern region of Hassi Messaoud in 201



Algeria is the No. 1 natural gas exporter in Africa, supplying approximately 20% of the energy consumed in Europ


S. Korea's Hyosung Wins US$100 Million Deal from Algeria

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