Taihan Electric Wire wins turnkey order for large-scale ultra-high voltage power grid project in the U.S.

Project manager: Signed a 120 billion won material supply contract with a US corporation

(Seoul = Yonhap News) Reporter Seong-heum Cho = Taihan Electric Wire announced on the 15th that T.E.USA, an American corporation, won a turnkey order for a local ultra-high voltage power grid project.

This project is structured so that the U.S. subsidiary will oversee the overall project, including local engineering and construction, and Taihan Electric Wire's headquarters will produce and supply key materials such as ultra-high voltage cables and connecting materials.

To this end, Taihan Electric Wire's headquarters and U.S. subsidiary signed a material supply contract worth 120 billion won.

Details such as the overall order amount and ordering party for the turnkey project, including construction and engineering, were not disclosed in accordance with the confidentiality agreement signed with the ordering party.

Taihan Electric Wire explained that this order is significant in that it demonstrates the business performance experience and technological competitiveness accumulated in the U.S. power grid market.

Taihan Electric Wire is continuing its local business achievements by winning an order for an ultra-high voltage turnkey project worth 100 billion won in the United States in January.

We won orders for all 500kV HVAC (high-voltage alternating current transmission) underground power grid projects ordered in the United States, and also secured a contract to supply 320kV HVDC (high-voltage direct current transmission) cables.

Recently, in the United States, as demand for electricity is rapidly increasing due to the growth of the artificial intelligence (AI) industry and the increase in data centers, investments in replacing old power grids and building new power grids are increasing.

Taihan Electric Wire plans to strengthen its position in the ultra-high voltage cable market while also increasing orders for high value-added products such as HVDC and submarine cables.

An official from Taihan Electric Wire said, "As the importance of large-scale turnkey projects is increasing in the U.S. power grid market, we will use this order as an opportunity to further expand business opportunities in the market. We will further solidify our local presence by actively responding to diverse customer demands."