South Korea’s Hyundai Electric and Energy Systems Co. (HEES) a subsidiary of Hyundai Heavy Industries Company, issued a statement that, it has secured two material supply orders from Saudi Arabia.
The material supply is related to power transformers and Gas Insulated Switchgear (GIS).
The value of total order is South Korean Won (KRW) 35 biilion (1 KRW = 0.000814786 USD).
As per the statement, the orders were received from Saudi Electricity Company (SEC) and Saudi Aramco.
The order value from Saudi Electricity Company is $18.8 million while the remaining orders was issued from Saudi Aramco.
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