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…
Korean cable manufacturer Taihan Cable & Solution has secured a significant turnkey contract to construct an extra-high-voltage power grid in Germany, further strengthening its foothold in the European market, the company announced on Tuesday. The project, overseen by Taihan Netherlands, a Dutch subsidiary, will see the entire operation, from local engineering and construction to procurement of key materials, managed under a single contract.
Meanwhile, Taihan's headquarters in Korea will manufacture and supply essential components, including extra-high-voltage cables and joints. A regulatory filing revealed that the Korean headquarters signed a supply contract worth approximately 115 billion won ($87 million) with the subsidiary, but the total value of the exclusive turnkey deal remains undisclosed due to a confidentiality agreement.
This 380-kilovolt (kV) underground grid project represents the highest voltage used in Germany's underground alternating current power network. Taihan had secured two additional 380-kV grid projects in Germany back in January 2023, marking a growing trend in the company's international expansion.
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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
