South Korean electric components manufacturers LS Industrial Systems Co., has won a US$150mn order to supply electricity equipment for sub-stations in Iraq
According to the deal, LS Industrial Systems Co., will supply equipment to the Gas Insulated Switchgear (GIS) sub-stations to be built as part of the Bismayah New City Project (BNCP), led by South Korean construction firm Hanwha Engineering & Construction Corp.
The contract is valid for four years, according to a South Korean news agency.
BNCP is one of the largest urban developments in Iraq. It is located 10 km southeast of Baghdad and is expected to accommodate 600,000 occupants in 100,000 residential units by 2019.