The NDC373 project, which is one of the two contracts, amounts to approximately USD 360 million, making it the largest export of extra-high voltage AC transmission networks in the nation’s history.
Oct 25, 2024
Taihan Cable & Solution has gained a contract for an extra-high voltage (EHV) power grid. The company released the information through a public announcement that it had finalized two contracts with SP PowerAssets Limited for the supply and installation of a 400kV EHV power grid, with a total value of approximately USD 605 million. This figure accounts for around 30% of the company’s consolidated sales for 2023.
The NDC373 project, which is one of the two contracts, amounts to approximately USD 360 million, making it the largest export of extra-high voltage AC transmission networks in the nation’s history. This marks the most sizable project that Taihan has ever acquired, whether within the country or overseas.
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This endeavor is a key project that SP PowerAssets has meticulously prepared over a long period to effectively address the burgeoning electricity demand stemming from the surging demand of AI and data centers. This grand-scale project entails the construction of a 400kV extra-high voltage underground power grid, the highest voltage in use locally, throughout Singapore, with Taihan undertaking the entire process, from design to production, laying, connection, and testing, in a full turn-key manner.
Song Jong-Min, Vice Chairman, Taihan, said, “Winning this landmark project in Singapore, a market known for its stringent technical and quality verification requirements, serves as a testament to Taihan’s all-encompassing competitive advantage in technology, quality, and service,” and further affirmed, “We will continue to play a pivotal role in enhancing the national competitiveness by widely promoting the excellence of Korean cable technology and products in key markets across the United States, Europe, and Asia.”
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Taihan, having successfully completed the 400kV projects conducted in Singapore in both 2016 and 2022, has now achieved a remarkable feat with the signing of this contract, making it the only company in Korea to have participated in every 400kV full-turnkey project carried out in Singapore.
