LS Eco Energy to supply UHV cables to Singapore's EMA
Ye-Rin Choi
Mar 05, 2024 (Gmt+09:00)
South Korea's LS Eco Energy Ltd. announced on Tuesday that its Vietnamese production subsidiary, LS-VINA, will supply 12 billion won ($8.99 million) worth of ultra-high voltage (UHV) cables to Singapore’s Energy Market Authority (EMA) this year.
To expand its market share in Singapore, LS Eco Energy is collaborating with LS Cable & System, which holds the top spot in the market.
Singapore, a leading power market in Asia, is constructing its power grid using underground UHV cables, eliminating the need for traditional transmission towers.
The Singapore government is enacting policies to broaden its renewable energy sources, including the incorporation of offshore wind power.
LS Eco Energy is engaging in discussions with the state-owned PetroVietnam Group in Vietnam to explore the development of an undersea power network linking Vietnam and Singapore.