GS E&C Expands Energy Business in Australia... Partners with Local Grid Operator
Since entering Australia in 2021,
GS E&C has carried out major transport infrastructure projects, including the NEL road project and SRL rail tunnel project
MOU with AusNet, Victoria's largest energy network operator
Expanding cooperation in transmission networks and renewable energy
GS E&C said on Thursday that it had signed a memorandum of understanding (MOU) with AusNet, Victoria's largest energy network operator, to identify joint business opportunities in the energy and infrastructure sectors.
GS E&C Infrastructure Business Division Head Jo Seonghan (third from left) and other officials pose for a commemorative photo at AusNet headquarters on the 21st (local time). GS E&C
View original imageGS E&C and AusNet are currently jointly bidding for the New England Renewable Energy Zone (REZ) project, the largest renewable energy zone development in Australia, which the New South Wales government is pursuing as part of its clean energy transition.
The two companies are also considering jointly participating, through a joint venture (JV) or consortium, in major transmission network projects being advanced in New South Wales and Victoria. They will also explore opportunities to cooperate on upgrades and expansions to existing transmission networks in Victoria, power grid connections for offshore wind farms, and infrastructure related to data centers, hydrogen and water resources.
GS E&C has built up experience carrying out major infrastructure projects in Australia, winning contracts for the North East Link (NEL) road project in 2021 and the Suburban Rail Loop (SRL) rail tunnel project in 2024. The company plans to apply its experience and local network to energy infrastructure projects as well.
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A GS E&C official said, "By carrying out major transportation infrastructure projects in Australia, we have developed an understanding of the local business environment and strengthened our capabilities." The official added, "Building on this, we plan to deepen our cooperation with AusNet and expand our business into energy infrastructure, including transmission networks."
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