On March 27, Hyosung Power & Industrial Systems PG signed a 270 billion won order to construct electrical substations in Qatar. Hyosung PG will construct a total of eight electrical substations that contain high-voltage power transformers and GIS (gas insulated switchgear) including six 200kV (kilovolt) GIS substations and 66kV GIS substations in the 10-stage power grid expansion project of Qatar. He attended the ceremony with Jeong Ki-jong, the Korean ambassador to Qatar, and the president of Power PU Baek Heung-geon and Qatar's Minister of Energy and Industry H.E. Dr. Mohammed bin Saleh Al Sada signed the contract.
Back in 2009, Hyosung Power & Industrial Systems PG was the only Korean company that won the contract to construct a total of 5 substations out of 9-stage power grid expansion project of Qatar through the design-build delivery method. By winning another 10-stage order from Qatar, Hyosung PG has established its position in the Middle East market, in Qatar in particular. The construction of the electrical substations will be completed by 2013.
Since Qatar is a host of the 2022 World Cup, there are consequently more demands for infrastructure projects in Qatar, but Qatar has been one of the most demanding clients for companies that have been trying to enter the Qatari electricity market. In addition, the design-build delivery orders placed by Qatar have generally been monopolized by European companies such as SIEMENS, Alstom, and ABB. Therefore, it is quite meaningful that Hyosung has beaten its European counterparts and won the substation construction orders twice.
