A South Korean electric power systems provider, LS Industrial Systems Co. (LSIS), has announced winning a $9.1 million contract for construction of a 230 kilovolt substation in Portoviejo, a western costal city in Ecuador.
The company inked the deal at the headquarters of Corporacion Electrica del Ecuador (Celec EP), the South American countrys state-owned electricity provider, in the capital city of Quito.
The attendees included Seo Jeong-min, head of overseas electric transmission business at LSIS, and Luis Ruales Corrales, head of Celec EP.
LSIS said, the substation project depends upon investment by Inter-American Development Bank.
As per the contract, LSIS will be responsible for engineering, procurement, and construction management (EPC). Completion of the project is expected by November 2017.
The company inked the deal at the headquarters of Corporacion Electrica del Ecuador (Celec EP), the South American countrys state-owned electricity provider, in the capital city of Quito.
The attendees included Seo Jeong-min, head of overseas electric transmission business at LSIS, and Luis Ruales Corrales, head of Celec EP.
LSIS said, the substation project depends upon investment by Inter-American Development Bank.
As per the contract, LSIS will be responsible for engineering, procurement, and construction management (EPC). Completion of the project is expected by November 2017.