Forest-Vill Ltd. and Ganz Transformers and Electric Rotating Machines Ltd. are set to modernize Kuwait's electrical infrastructure through their joint venture, GTVF Export Development Ltd. The company signed an agency agreement on January 23 with Kuwaiti Industrial Electrical Projects Company (IEPC Co.) to maintain, upgrade, and replace outdated electrical equipment, including over 50 substations installed since the 1970s.

The partnership aims to provide advanced energy solutions and state-of-the-art technology, supporting the development of Kuwait's energy infrastructure. Under the agreement, Forest-Vill will manage and finance the activities through IEPC Co., which will act as the exclusive local agent.

Csaba Németh, Managing Director of Forest-Vill Ltd. said: "The new cooperation will allow us to enter international markets in line with our long-term plans, starting with the Middle East region. Our joint venture with Ganz now opens a new chapter in our activities, where we will continue to focus on high professional quality, innovation and efficiency. We hope to contribute to building a sustainable and modern energy infrastructure in the region with our skilled professionals and advanced energy solutions. We would like to take this opportunity to thank the Hungarian Embassy in Kuwait and Ambassador András Szabó for their support in making this cooperation possible".

Founded in 2015, Forest-Vill Ltd. specializes in the design and construction of electrical and energy installations, including high-voltage networks and energy storage facilities. Ganz Transformers and Electric Rotating Machines Ltd., established in 1878, is a leading Hungarian manufacturer of high-voltage electrical equipment and a pioneer in digital energy solutions.