Taihan Cable Secures Another 380kV Power Grid Project in Germany
Taihan Cable & Solution has won another high-voltage power grid project in Germany, reinforcing its position in the European market amid growing investment in electricity infrastructure.The company announced on October 27 that its Dutch subsidiary, Taihan Netherlands B.V., had secured a turnkey contract for a 380kV ultra-high-voltage power grid project in Germany.Under the agreement, the Dutch…
Taihan Cable & Solution has secured another high-voltage power grid project in Germany, solidifying its standing in the European market as investments in electricity infrastructure surge. On October 27, the company announced its Dutch subsidiary, Taihan Netherlands B.V., had been awarded a turnkey contract for a 380kV ultra-high-voltage power grid project in Germany.
The Dutch subsidiary will manage all local engineering and construction aspects, while Taihan's headquarters in South Korea will handle the manufacturing and supply of essential materials, including high-voltage cables and accessories. A KRW 115 billion contract has been signed by the Dutch subsidiary for material procurement and related services.
The overall value of the turnkey project, encompassing engineering and construction, exceeds this amount. Specifics regarding the client and total contract value remain undisclosed due to a confidentiality agreement. The project entails constructing a 380kV underground AC power grid, the highest voltage level utilized in Germany's underground AC transmission network.
Previously, Taihan secured two 380kV power grid projects in Germany in January 2023. This latest award underscores the company's technical expertise, execution experience, and quality standards in the German market. Taihan has garnered over KRW 500 billion in new orders across Europe this year, encompassing major projects in Germany, Denmark, and the United Kingdom.
As demand for high-voltage power infrastructure escalates to accommodate artificial intelligence and expanding data centers, the company intends to expedite its European business growth. A Taihan representative revealed that the company will bolster partnerships with local customers and partners while deepening its understanding of regional markets.
Additionally, Taihan aims to harness its experience in high-voltage power grids to explore further opportunities in high-voltage direct current (HVDC) systems and submarine cables. Since establishing a UK office in 2017, Taihan has steadily expanded its European presence, reorganizing its UK office into its European headquarters in 2019 and subsequently setting up a Dutch subsidiary.
The company presently operates five offices and one subsidiary across Europe, including locations in Denmark, Sweden, and the UK.
Written by urgent.news from Korea IT Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
