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Bhutan's GIDC teams up with Louisiana-based company for joint electricity infrastructure project.

Bhutan's Gelephu Investment and Development Corporation teams up with LS for the creation of a joint venture, aimed at constructing essential electric infrastructure in the growing city of Gelephu.

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2 min read
In collaboration with the Gelephu Investment and Development Corporation, a Bhutanese state-owned...
In collaboration with the Gelephu Investment and Development Corporation, a Bhutanese state-owned entity, LS Corporation plans to build essential electrical infrastructure in the growing city of Gelephu. This initiative will be carried out via a joint venture between the two parties.

Bhutan's GIDC teams up with Louisiana-based company for joint electricity infrastructure project.

New City Infrastructure Deal Signed in Gelephu, Bhutan

LS Vice Chairman Myung Roe-hyun and Gelephu Investment and Development Corporation CEO Ujjwal Deep Dahal recently signed an agreement to establish a joint venture aimed at supplying infrastructure for a new city in Gelephu, Bhutan. The joint venture's purpose is yet to be disclosed, but it's no secret that LS Corporation, a subsidiary of the LS Group, is diversifying its sectors, venturing into energy, electronics, and infrastructure development.

LS Corporation's reach extends beyond Bhutan. Recently, it invested a whopping $681 million in the U.S. to establish the largest submarine cable manufacturing plant in the country, located in Chesapeake, Virginia. This facility will manufacture High Voltage Direct Current (HVDC) submarine cables, enhancing global energy infrastructure. [1][2][3]

Moreover, LS Corporation's footprint can also be found in Mexico, Ohio, and Texas, where it's involved in various manufacturing expansions, lithium-ion battery plants, and semiconductor projects. [4][5]

We're keeping our eyes peeled for more developments in Bhutan as this partnership unfolds. Stay tuned for updates!

Footnotes:

  1. LS Signs Agreement to Establish JV for Infrastructure Project in Bhutan
  2. LS Cable & System to Build Largest Submarine Cable Plant in United States
  3. LS Cable & System to start high-voltage cable project in Singapore
  4. LS Electric to Begin Construction of Large-scale Energy Storage System in Jeju
  5. LS Cable & System to establish plant in Mexico, Silver Star Industrial Park in Ohio

Further Reading:

  • LS GreenLink breaks ground in Virginia for largest subsea cable plant in U.S.
  • Hanjin, LS sign MOU for synergy in urban air mobility infrastructure, operations
  • LS Cable wins $137 million high-voltage cable deal from Singapore

Enrichment Insights:The LS Corporation, a subsidiary of the LS Group, is a conglomerate involved in diverse sectors such as electronics, energy, and infrastructure development. Recent developments include investing $681 million to build the largest submarine cable manufacturing plant in the U.S., expanding manufacturing capabilities in Mexico, providing Busway Ex-way solutions for a lithium-ion battery plant in Ohio, and being involved in Samsung's $17 billion semiconductor project in Texas. While there is significant activity in the U.S. and other regions, there is no mention of specific projects or developments in Bhutan concerning LS Corporation.

The LS Corporation, an international business entity under the LS Group, is known for its ventures in various sectors, including energy, electronics, and infrastructure development. Apart from a recent investment in Bhutan for a new city's infrastructure, LS Corporation also established the largest submarine cable manufacturing plant in the US, located in Chesapeake, Virginia. This plant specializes in High Voltage Direct Current (HVDC) submarine cables, contributing to global energy infrastructure. In addition, LS Corporation's influence can be seen in Mexico, Ohio, and Texas, where it engages in manufacturing expansions, lithium-ion battery plants, and semiconductor projects. The corporation is also associated with Samsung's $17 billion semiconductor project in Texas. Despite these developments, specific projects or deals in Bhutan regarding LS Corporation remain unclear. [Enrichment Insights: LS Corporation, Bhutan infrastructural deal, global energy infrastructure, US submarine cable plant, international business, diverse industries, Samsung semiconductor project]

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