Contract Signed for Project Lightning (UAE HVDC Subsea Transmission Project)
2021. 12. 22
<div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;">Samsung C&T has signed a contract for Project Lightning (UAE HVDC Subsea Transmission Project) with the contract owner, INTERNATIONAL OFFSHORE POWER TRANSMISSION HOLDING COMPANY LIMITED.</span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;"><br></span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;">- Title of contract: Project Lightning (UAE HVDC Subsea Transmission Project)</span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;"><br></span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;">- Contract amount: KRW 2,703,395,741,400 (USD 2,272,143,000 for Samsung C&T)</span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;"><br></span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;">- Contract owner: INTERNATIONAL OFFSHORE POWER TRANSMISSION HOLDING COMPANY LIMITED</span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;"><br></span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;">- Project overview : Construction of onshore and offshore converter stations and substations,</span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;"> and supply of subsea HVDC cables</span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;"><br></span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;">- Construction period: December 21, 2021 - December 25, 2025</span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;"><br></span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;">※ Important Matters to Be Considered for Investment Decisions</span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;">- The aforementioned construction period and contract amount, etc. are subject to change in the course of performing the construction work.</span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;"><br></span></span></div><div><span style="font-family: Calibri, sans-serif;"><span style="font-size: 16px;"> </span></span></div>