Taihan wins turnkey 380-kV power grid deal in Germany
Taihan Cable & Solution won a turnkey contract to build an extra-high-voltage power grid in Germany, expanding its presence in the European market, the Korean cable maker said Tuesday. The project was secured by the company’s Dutch subsidiary, Taihan Netherlands, through a turnkey arrangement, under which a single contractor handles a project from start to finish. The subsidiary will oversee the…
Taihan Cable & Solution secured a turnkey contract to build a 380-kilovolt (kV) underground power grid in Germany, marking an expansion of its presence in the European market, the company announced on Tuesday. The Dutch subsidiary, Taihan Netherlands, secured the contract through a turnkey arrangement, overseeing the entire project from engineering and construction to manufacturing and supply of key materials.
The subsidiary will handle local engineering and construction tasks while the Korean headquarters will supply and manufacture extra-high-voltage cables and joints. A regulatory filing revealed that Taihan headquarters signed a supply contract worth approximately 115 billion won ($87 million) with the subsidiary. The exact value of the turnkey deal remains undisclosed due to a confidentiality agreement.
This project involves constructing a 380-kV underground grid, the highest voltage utilized in Germany’s underground alternating current power network. Taihan previously won two similar 380-kV grid projects in Germany in January 2023.
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- Taihan Cable's unit wins cable system order in Germany en.yna.co.kr
- Taihan wins turnkey 380-kV power grid deal in Germany koreatimes.co.kr
