Hengtong Wins Second Offshore Wind Farm Submarine Cable Contract in One Week
Yicai Global
/SOURCE : Yicai
Hengtong Wins Second Offshore Wind Farm Submarine Cable Contract in One Week

(Yicai Global) Jan. 04 -- A subsidiary wholly-owned by Hengtong Optic Electric Co. [SHA:600487] won a contract for a submarine cable and accessory procurement project for the 200 MW offshore wind farm in Dafeng, Jiangsu province, with a CNY96.61 million (USD13.9 million) bid.

The contract pertains to the procurement of the 35kV submarine optic-electric cable and related accessories for the offshore wind farm project, which is being developed by China Longyuan Power Group Corporation Ltd. [SEHK:0916], a new energy development firm owned by China Guodian Corporation, said a statement issued by Hengtong

On Dec. 29, 2016, Hengtong won the 220kV cross-linked polyethylene alternating current submarine cable procurement contract for the same wind power project with a bid of CNY181.5 million.

Hengtong stated that the success of its bid for the second procurement contract attests to its competence in developing integrated submarine optic-electric cable solutions, and establishes it as a leader in the fast-growing submarine cable market.

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