LS Cable wins contract in Singapore
[THE INVESTOR] LS Cable & System said on July 17 that it won a 62 billion won (US$54.69 million) contract with Singapore‘s energy agency to export subsea cables.
The contract is for 1.5 kilometers of high-voltage underwater cable connecting Singapore’s northern new town of Woodlands with Malaysia’s southern resort city of Johor Bahru. It will replace an aged cable laid by a French company in 1985.
Only about five companies worldwide, including those in Japan and Europe, can install high-voltage subsea cables. LS Cable & System is the only such company in Korea.
LS Cable & System was chosen last month to supply high-voltage cables for Singapore’s construction of a next-generation power grid.
By Alex Lee and newswires (firstname.lastname@example.org)