Hyundai Engineering & Construction Wins $145 Million Contract for Saudi Power Transmission Line Construction
207km Section 1 Design, Procurement, and Construction Performed as a Package
Approximately 70 Projects Executed in Saudi Transmission and Substation Sector
Hyundai Engineering & Construction has announced a contract win worth $145 million (approximately 185 billion KRW) in Saudi Arabia. This follows last month's contract win for the Saudi 'Amiral Project' worth $5 billion.
On the 31st of last month (local time), Hyundai Engineering & Construction announced on the 1st that it had signed a contract for the $145 million 'Saudi NEOM-Yanbu 525kV Ultra High Voltage Direct Current (UHVDC) Transmission Line Construction Project' commissioned by the Saudi Central Electricity Authority (SEC-COA) in central Saudi Arabia.
The Saudi NEOM-Yanbu 525kV UHVDC transmission line project involves constructing an ultra-high voltage direct current transmission line over a total distance of 605 km from the Yanbu region, a power generation hub on the western coast of Saudi Arabia, to the NEOM new city, thereby expanding the power grid. Hyundai Engineering & Construction will carry out Portion 1 of the project, which includes building 207 km of transmission lines and over 450 transmission towers, with completion scheduled for July 2027.
Ultra high voltage direct current transmission technology converts alternating current (AC) power generated at power plants into high-voltage direct current (DC) for transmission to the destination. Compared to AC transmission, it has lower energy loss over long distances, allows compatibility between AC systems regardless of frequency, and excels in terms of stability and efficiency. It is especially advantageous for transmitting renewable energy such as solar and offshore wind power, making it a next-generation transmission technology attracting attention.
Hyundai Engineering & Construction secured this project through a turnkey contract covering the entire process from design, procurement, to construction, reaffirming its engineering, procurement, and construction (EPC) capabilities.
Since starting its first transmission line project in Saudi Arabia in 1976, Hyundai Engineering & Construction has successfully completed a total of 33 transmission line projects over approximately 50 years. Including ongoing projects such as the Ha'il-Al Jouf 380kV transmission line, the total length of power grids constructed by Hyundai Engineering & Construction in Saudi Arabia reaches about 20,000 km, nearly half the circumference of the Earth. Notably, Hyundai Engineering & Construction is leading the expansion of Saudi Arabia’s power grid by executing the country’s first 500kV HVDC transmission line project and now this 525kV project.
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A Hyundai Engineering & Construction official stated, “Since entering the Saudi construction market in 1975, Hyundai Engineering & Construction has been steadily executing 16 large-scale projects including the Amiral Project and NEOM Running Tunnel based on the trust of the Saudi government and clients. We will contribute to expanding the Saudi power grid by successfully carrying out the ultra high voltage direct current transmission line project, which is recognized as a core part of the renewable energy grid industry, and further strengthen our position in the carbon-neutral power infrastructure sector.”
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