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wiredInUSA - November 2016
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LS Cable & System has announced
two orders, worth $67 million, to supply
extra-high voltage cables to Saudi
Arabia. Saudi Electricity Company will
use the cable to expand the power grid
in Riyadh and Jeddah. The Korean cable
company signed the contracts with the
EPC company conducting the project.
LS Cable & System has previously supplied
submarine cables and underground
power cables to Saudi Arabia with a
capacity of over 380kV
“With increasing urban population and
new town development, we have made
utmost efforts for marketing in the Middle
East as we expect that the region would
expand investments in power grid in
the future,” said Yoon Jae-in, LS Cable
president.
Saudi grid expansion
Nexans Morocco is to invest around $13
million to establish a wire production plant
near Abidjan, Côte d’Ivoire.
The 30,000m
2
plant will be in operation by
2018 to produce electricwire for residential
constructions and office buildings, as
well as low and medium voltage cables,
electric stations and transformers.
Nexans Morocco will work in partnership
with the West African industrial Envol
Group. Nexans will hold 60 percent of the
joint venture.
The operation permit was granted to
Nexans following a presentation of the
project to the Ivorian authorities. “In West
Africa, the most promising market is Côte
d’Ivoire, which accounts for 40 percent
of GDP with the average growth rate put
at 9 percent yearly,” a Nexans Morocco
spokesperson said.
Nexans Morocco has been a subsidiary of
Nexans group since 1947, and is active not
only in Morocco but in the Maghreb and
African market in infrastructure, industry
and building sectors. The company has
two production plants, in Casablanca and
Mohammedia. The Mohammedia facility
is solely involved with electrical cables.
New plant for Ivory
Coast
ASIA / AFRICA NEWS