February 7 (SeeNews) - Bulgaria's Electricity System Operator (ESO) said on Friday that it has awarded a 4.5 million levs ($2.5 million/2.3 million euro) contract for supply of six 50 MVA power transformers to a tie-up between two local companies.
The winning tie-up comprises MIG 23 and Hyundai Heavy Industries Co, ESO said in a notice.
According to registry agency data, each of the two companies holds 50% interest in the tie-up.
The power transformers will be used to equip power substations Obzor, Kableshkovo, Hristo Smirnenski and Samokov.
The tender for the contract attracted four offers.
Last month, South Korean electrical equipment manufacturer Hyundai Electric & Energy Systems completed the sale of its unit Hyundai Heavy Industries Co. Bulgaria to Russia’s SVEL Group. Heavy Industries Co. Bulgaria has called a shareholders meeting for February 28, when proposals for new board members and a new name will be put to the vote, according to data published by Bulgaria's commercial register.
(1 euro = 1.95583 levs)