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Hyundai Engineering and Construction (E&C) secured a USD 713.9 mn contract from the Saudi Electricity Company for high-voltage transmission lines, Korea’s Yonhap news agency reports, citing a regulatory filing. The agreement will see Hyundai E&C build out a 369-km section of the 500-kilovolt 1,089-km high-voltage direct current (HVDC) transmission line connecting Riyadh with Kudmi in the southwestern Saudi Arabia.
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More on the project: The new line — slated for completion by January 2027 — represents the first HVDC double bi-pole transmission structure in the Kingdom and leverages new technologies to increase stability while cutting energy loss, Yonhap said. The contract is a turnkey order that will see Hyundai E&C oversee all stages of the project, including design, procurement, and construction, Trade Arabia said, adding that the project represents the largest-ever overseas transmission line order undertaken by a South Korean construction firm.
Hyundai E&C is doing plenty in Saudi: The engineering firm secured a contract last year to build another HVDC transmission line linking Neom with the southwestern port city of Yanbu. Reports also emerged earlier this year indicating that a Hyundai E&C-led consortium will be working on the second phase of Aramco’s Jafurah Gas Field in a USD multi-bn contract.
