Taihan Cable lands $97 mil. deal as Korea overhauls its power grid - The Korea Times

Taihan Cable & Solution’s Dangjin Cable Plant in Chungcheong Province / Courtesy of Taihan Cable & Solution

Taihan Cable & Solution has secured a 146.3 billion won ($96.5 million) contract for a key national power transmission project, strengthening its position in the fast-growing high-voltage direct current, or HVDC, market as Korea pushes to expand long-distance electricity networks.

The company said Wednesday that it won an order for the second phase of Korea Electric Power Corp.’s 500-kilovolt HVDC Donghaean-Dong Seoul transmission project.

Under the turnkey contract, Taihan Cable will manufacture, supply and install 500-kilovolt HVDC XLPE cables and related equipment for the project.

The Donghaean-Dong Seoul HVDC network is designed to transport electricity generated by nuclear, thermal and renewable energy facilities along Korea’s east coast to the Seoul metropolitan area, where power demand remains concentrated.