The company’s 100 billion KRW collective bid to provide 4 super-high voltage substations
Algeria is Africa’s No. 1 exporter of natural gas, supplying about 20% of the entire energy consumed by the European Union (EU). Hassi Messaoud, where the substations are to be built, is emerging fast as North Africa’s largest power facility market, reflecting the massive petrochemical complex forming in the area and the subsequent surge in power demand. This recent deal we secured involves super-high voltage substations that had never been built in the area. With the signing of the project, Hyosung now enjoys much higher probabilities in garnering additional orders from the region’s facility construction line-ups, including LNG and LPG plants, substation facilities for oil refinery plants and power generation, transmission and substation facilities.
Hyosung became the first Korean company to ever sign a substation construction contract with the Algerian power authorities in a 100 billion KRW deal for providing four substations in the North African country. The project involves building a 400kV super-high voltage substation and three more substations in Hassi Messaoud, the petrochemical hub in southeast Algeria. This project is a turnkey bid covering all of the PM processes including design, procurement and construction aspects. The securing of this deal is a victorious event for the company, which beat its global European competitors whose presence has been the strongest in the North African market.
Algeria is Africa’s No. 1 exporter of natural gas, supplying about 20% of the entire energy consumed by the European Union (EU). Hassi Messaoud, where the substations are to be built, is emerging fast as North Africa’s largest power facility market, reflecting the massive petrochemical complex forming in the area and the subsequent surge in power demand. This recent deal we secured involves super-high voltage substations that had never been built in the area. With the signing of the project, Hyosung now enjoys much higher probabilities in garnering additional orders from the region’s facility construction line-ups, including LNG and LPG plants, substation facilities for oil refinery plants and power generation, transmission and substation facilities.
