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LS Cable & System wins Vietnam order; weather trends show need for more power

South Korea’s LS Cable & System reported that one of its subsidiaries has received an order for extra-high voltage cable from Vietnam Electricity (EVN), the Southeast Asian country’s state-owned electricity utility.

A press release said that the cables will be installed in infrastructure projects for Ho Chi Minh City’s Tan Son Nhat International Airport and an industrial complex in the northeastern part of the country. LS Eco Energy produces extra-high voltage cables in its Vietnam plant and accounts for 80% of the local cable market. It also exports Vietnamese-made cables to Europe and North America.

LS Cable owns a 67% stake in LS Eco Energy.

EVN notes that the need for power is acute in Vietnam. It reported that increasing national power consumption is straining the resources that must be able to handle intense hot and muggy weather. The National Load Dispatch Center said that on May 28, national power consumption in a single day surpassed 1 billion kWh, and on June 14 its usage set a record peak of 1.02 billion kWh.

Read 313 times Last modified on September 5, 2024

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