Of the two projects, the former was initiated when Qatar realized that their current power grid could not effectively keep up with the ever increasing power demand generated by the continual economic development and urbanization happening within their borders. For this project, LS Cable & System will supply a total of 157km of 220kV level extra high-voltage cables and joint kits to the Doha area by July 2013. The latter is to supply Hyundai E&C who won a contract in 2010 to renovate the 2006 Doha Asian Games athletes’ village and office buildings into a four-building high-tech medical center. For this project, LS Cable & System will deliver bus ducts that are popularly used in buildings and factories to transmit large amounts of electricity through a small space. Analysts point out that Middle East countries are currently promoting petrochemical, refinery and power plant projects as well as large-scale public works and construction projects to boost their economies with extra spending.
Colin Bennett on 02 Dec 16"There will also be a big focus on renovating older buildings. This sector accounts for 40% of Europe's energy consumption and the proposal aims to create a building renovation market with a value of up to 120bn euros by 2030."
