HDEC is securing projects not only in the domestic market, but also, in overseas market securing the Labrador Underground Substation project in Singapore worth approximately 150 Mil. USD.

HDEC received a LOA (Letter of Award) from its client, Singapore’s SP Group, on March 23 (Tuesday). SP Group is Singapore’s largest electric and gas distributor, and is the same company that signed an agreement with Hyundai Motor Group to create an Electricity Ecosystem end of last year.

The project consists of ERSS and Piling Works of the future 34 storey Office Tower and the construction of the Underground Substation along with the Operation Support Centre. The project is located in Pasir Panjang, southwest region of Singapore. Site Area is 23,375m² and the GFA is 54,457m². The construction period is 33 months from commencement.

The project is worth around 150 Mil. USD (170 Bil. KRW) and is in connection with HDEC’s current project on the same site constructing the Foundation and ERSS of the mentioned 230kV Underground Substation.