SEOUL, December 18 (AJP) - Samsung C&T Corp.’s construction unit said on Thursday it has won a high-voltage direct current (HVDC) transmission project in Australia.
The company said it signed a contract with Marinus Link, a government-backed company established by Australia’s federal government and the state governments of Victoria and Tasmania, for the Marinus Link HVDC project.
The project involves the engineering, procurement and construction of a 750-megawatt HVDC transmission system connecting the Hazelwood area in Victoria with the Heybridge area in Tasmania. The system will comprise about 90 kilometers of underground cable and 255 kilometers of subsea cable, for a total length of 350 kilometers.
Samsung C&T said it formed a joint venture with local infrastructure contractor DTI to carry out civil works related to underground cable installation and the construction of converter stations. Of the total project value of about 940 billion won ($680 million), Samsung C&T’s 50 percent share amounts to roughly 470 billion won.
The company said it received strong evaluations from the client during the early contractor involvement process after presenting an optimized design and highlighting experience gained from its HVDC project in the United Arab Emirates.
“The Marinus Link HVDC project demonstrates recognition of Samsung C&T’s technology and project execution capabilities in the Australian market,” said Kim Sung-jun, vice president and head of the company’s energy solutions sales division. “We will continue to expand our business in Australia and the global energy market.”
Samsung C&T said it has secured around 1 trillion won in orders in Australia’s energy sector this year, including a battery energy storage system project in Victoria worth about 200 billion won won in July.
Since entering the Australian market with the Melbourne Renewable Energy Hub project in 2023, the company has been carrying out energy storage system projects totaling about 2.9 gigawatt-hours, it added.
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