ID :
191433
Tue, 06/28/2011 - 05:18
Auther :
Shortlink :
https://oananews.org//node/191433
The shortlink copeid
LS Cable wins order to supply submarine cables
LS Cable & System Ltd., South Korea's top wire and cable maker, said Tuesday that it has won an order to supply submarine cables for a British electricity company's project in the United States.
The deal calls for LS Cable to provide and construct 35-kilovolt submarine cables for National Grid plc, the Korean company said in a statement. Financial terms were not disclosed.
National Grid has undertaken a project to build a power supply system between Long Island and Captree Island in New York state, it said.
LS Cable said it is the first time for the Korean company to clinch a submarine cable order for a project in the U.S.
The company plans to actively seek overseas deals as it sees rising demand in power grid projects and offshore wind energy businesses, it added.
The deal calls for LS Cable to provide and construct 35-kilovolt submarine cables for National Grid plc, the Korean company said in a statement. Financial terms were not disclosed.
National Grid has undertaken a project to build a power supply system between Long Island and Captree Island in New York state, it said.
LS Cable said it is the first time for the Korean company to clinch a submarine cable order for a project in the U.S.
The company plans to actively seek overseas deals as it sees rising demand in power grid projects and offshore wind energy businesses, it added.
