Taihan Cable & Solution landed a 140 billion won ($107 million) contract to supply ultra-high voltage power cables to Singapore’s grid operator SP PowerAssets Limited.
The South Korean manufacturer will handle production, installation and testing of 230kV cables in the turn-key project, the company said in a statement Tuesday. This adds to recent wins including an 840 billion won domestic deal in October for 400kV cables – the largest such contract in South Korea’s history.
The string of successes pushed Taihan’s fourth-quarter order book to over 1.2 trillion won, with additional contracts worth 220 billion won from customers in the US and Sweden. Company officials cited growing trust from global utilities in their technology and service quality.
Taihan has manufactured specialized oil-filled ultra-high voltage cables since pioneering their development in South Korea during the 1970s. These products command premium prices due to complex production processes and maintenance requirements.
The recent contract momentum comes as power grid operators worldwide increase infrastructure spending. However, the company faces growing competition in the premium cable segment as more manufacturers enter the market.
