The Electric Device & System Division of Iljin Electric signed a one-billion-won bulk with the National Power Corporation of the Philippines to build substations in the Luzon region of the Philippines on April 27.

The EPC (Engineering Procurement Construction) deal encompasses the entire process of substation construction from engineering, transformers, electric power cables to providing all other materials necessary to complete the project.

According to the contract, Iljin will design the substations as well as construct and provide 300MVA extra high-voltage transformers and automated electric systems.

Iljin vice chairman, Jin Yong Choi, stated, “The EPC business is a high value-added business as it provides a streamlined solution from engineering to product distribution and construction,” and “it will be our main revenue source.” “We will be expanding our business to America and the Middle East, not to mention South East Asia,” added Choi.