Korean Firm wins $146m Contract at Bismaya

By John Lee.

South Korea’s LSIS said on Tuesday that it has signed a deal to supply electrical equipment for the Bismayah New-City Project (BNCP) (pictured).

The deal, worth about 160 billion won ($146 million, 170 billion Iraqi dinars), will see the company supply equipment for gas insulated switchgear at 32 substations over the next four years.

According to a report from Korea Times, LSIS is a newcomer in the substation market in Iraq, which has long been dominated by global companies such as Siemens and ABB, but the company has previously won other business in Iraq.

(Source: Korea Times)

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