Hyosung Heavy Industries is participating in a hydropower project in Brazil.
On July 28, Hyosung Heavy Industries announced that it has secured an order for six 500kV high-voltage transformers from Andritz Hydro, a company specializing in hydropower and power generation equipment. The transformers will be used at the 'Foz do Areia' hydropower plant located in the state of Paraná, Brazil.
Brazil ranks second in the world for hydropower capacity, generating over 60% of its electricity from hydropower. In response to increasing power demand due to industrial growth, the government is pushing for a large-scale expansion of power generation capacity.
Andritz Hydro is a leading local hydropower equipment and EPC provider, responsible for over 25% of Brazil's hydropower capacity. The company has established itself as a key partner for major power companies in Brazil over the past 30 years.
Hyosung Heavy Industries has also signed a memorandum of understanding to collaborate on the development of a 'Hybrid STATCOM,' which combines its STATCOM technology with Andritz Hydro's synchronous compensators.
STATCOMs and synchronous compensators are essential equipment for maintaining stable voltage and frequency in power systems. They are particularly effective in managing the variable output of renewable energy sources like wind and solar power. While STATCOMs respond quickly to voltage fluctuations using semiconductor-based control devices, synchronous compensators provide inertia and stability to the power grid through rotating machinery. Although their operating principles differ, the two systems are complementary.
Hyosung Heavy Industries and Andritz Hydro plan to leverage their technological expertise and market experience to establish a long-term partnership aimed at capturing the power stabilization market in Latin America.
Meanwhile, on July 2, Hyosung Heavy Industries signed a long-term supply contract for high-voltage transformers and reactors with AusNet, the sole operator of the transmission network in Victoria, Australia, a move emphasized by Chairman Cho Hyun-joon as a result of the company's global partnership management strategy.
* This article has been translated by AI.
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