Daewoo International and Hyundai Eng Jointly Win Power Transmission Deal in Nicaragua

Resource from: Daewoo Likes:154

Jun 12,2014

Daewoo International and Hyundai Engineering said on January 20 that they jointly signed a 30-billion-won agreement with Enatrel (Empresa Nacional de transmision electrica) of Nicaragua, the state-run power transmission company, to build electricity transmission lines and substations. This is the first occasion for a Korean company to win an electric power transmission project in Central America. The two Korean companies successfully bid for the project by taking advantage of the low-cost Economic Development Cooperation Fund managed by Korea EximBank. Under the terms of the agreement, the companies will install five power substations and 80-kilometer 138-kV transmission lines in the El Sauce region in the northwest of the country. The project will be undertaken on a turnkey basis for the whole process from design to actual construction. A Daewoo International official said, "With the latest deal in Nicaragua, we could secure a foothold to move further into the Central American market. We will do our best to find more business opportunities in power transmission and renewable energy projects in Latin America and other developing world markets."

(Daewoo)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous SKF Black Oxide Bearings Promote Reliability
Next Veolia contracted for Maselspoort pump station upgrade

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.