Hyundai E&C will join an Australian energy network corporations to pursue projects in Australia's power transmission and distribution infrastructure and renewable energy sectors.
Hyundai E&C said on the 12th that it signed a memorandum of understanding (MOU) with AusNet, the largest power grid operator in Australia's Victoria state, at its headquarters in Gye-dong, Seoul, with senior executives from both sides in attendance.
AusNet is the largest energy network corporations in the state of Victoria, Australia. Through the management of electricity, gas, and transmission networks, it provides services to ensure energy is delivered reliably.
Earlier, Hyundai E&C established its Sydney, Australia, branch last year and signed a comprehensive memorandum of understanding on cooperation in "renewable energy, infrastructure, and dwellings business fields" with the South Australia state government.
Under a national power grid reconstruction policy called "Rewiring the Nation," the Australian government is expanding large-scale infrastructure investment projects to enhance the safety and security of the grid, along with construction projects related to renewable energy in line with the net zero 2050 policy.
Hyundai E&C said that, with its design, procurement, and construction (EPC) capabilities in power transmission and distribution infrastructure and energy, and its solid financial competitiveness, it will pursue multifaceted partnerships not only in core infrastructure but also in future energy sectors such as solar, offshore wind, and hydrogen.
A Hyundai E&C official said, "As large energy projects for the energy transition expand worldwide, if AusNet's know-how in leading the operation of Australia's large-scale power transmission and distribution infrastructure is combined with Hyundai E&C's global experience and technological strength, we can deliver visible results."
Hyundai E&C has carried out more than 180 power transmission and substation projects worldwide over roughly 50 years since it began its first transmission line construction in Saudi Arabia in 1976. Most recently, it ranked 10th in the power transmission and distribution category in the U.S. ENR 2025 rankings.