Taihan Cable & Solution secured a 110 billion won ($82.4 million) contract from Singapore Power Authority to construct a 400-kilovolt underground power grid, the Korean company said August 5. The infrastructure will channel renewable energy from Indonesia to Singapore’s Jurong Island substation.
Singapore is racing to diversify its energy mix as the city-state targets importing 6 gigawatts of low-carbon electricity by 2035, up from an initial 4-gigawatt goal. The infrastructure push comes as data center operators expand rapidly across Singapore, with the market valued at $4.16 billion in 2024 and projected to reach $5.60 billion by 2030.
The turnkey project involves designing, producing, and installing the highest-voltage grid operated in Singapore. Taihan has previously secured about 800 billion won in Singapore projects last year, including 230-kilovolt and 400-kilovolt contracts from the same authority.
While global data center power demand is forecast to surge 165% by 2030, Singapore’s heavy reliance on natural gas for over 90% of its electricity creates pressure to import cleaner alternatives. The Korean company’s latest contract adds to its 2.9 trillion won backlog as it capitalizes on regional grid modernization efforts.
However, Indonesia’s energy minister has indicated potential delays in green electricity exports until reciprocal benefits are negotiated, which could complicate project timelines.
