LS Eco Energy, which supplies power cables for a wind power project in the Philippines, is seeing its stock price rise.
At 10:23 a.m. on the 11th, LS Eco Energy was trading at 30,150 KRW, up 1,700 KRW (5.98%) from the previous trading day.
On this day, LS Eco Energy announced that its subsidiary, the Vietnam manufacturing corporation LS Vina (VINA), will supply power cables for the wind power project in the Philippines. LS VINA is scheduled to supply power cables for a section of the 'Calayaan 2' wind power complex, which the Philippine government is promoting with an investment of approximately 150 million USD (about 217.4 billion KRW), aiming for completion in 2026.
This project involves establishing a wind power complex with a capacity of about 100 MW (megawatts) in the Calayaan and Paeta areas of Laguna Province, Philippines. It is regarded as a key project for expanding local renewable energy infrastructure, and upon completion, it will be able to supply clean energy to approximately 85,000 households.
Through this order, LS Eco Energy plans to actively target the Southeast Asian power infrastructure market.
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