HD Hyundai Electric wins transformer order from Britain's National Grid

By Kim Joo-heon Posted : May 30, 2024, 11:02 Updated : May 30, 2024, 11:02
HD Hyundai Electric's ultra-high voltage transformer. This screenshot image was captured from HD Hyundai Electric's website.
SEOUL, May 30 (AJU PRESS) - Korea's HD Hyundai Electric has sealed an 82.1 billion won ($59.7 million) order to supply high-voltage transformers to National Grid, a British electricity and gas utility company.

Nine 400-kilovolt and 275-kilovolt transformers will be provided to the London-based firm until 2027, the electrical equipment maker said in a regulatory filing Wednesday. They will be installed at five substations across Britain run by National Grid.

The contract's value is equivalent to about 3 percent of HD Hyundai Electric's sales in 2023.

The Korean firm, affiliated with HD Hyundai Heavy Industries, supplied transformers worth 47.4 billion won to National Grid in September 2022.
Kim Joo-heon

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