Taihan Cable & Solution has secured additional orders for a high-voltage power grid project in Singapore.
Taihan Cable & Solution announced on the 5th that it has signed a supply and installation contract for a 400-kilovolt (kV) high-voltage power grid with Singapore Power Assets Limited. The contract is valued at approximately 110 billion won.
This project is part of a cross-border power connection initiative that transmits renewable energy produced in Indonesia to Singapore. In response to the increased power demand driven by data center and artificial intelligence (AI) infrastructure expansion, a new power infrastructure will be established in Singapore, through which Taihan Cable & Solution will construct a 400 kV underground high-voltage power grid in a full turnkey manner to supply power transmitted from Indonesia to the substation within West Jurong Island.
Full turnkey refers to a method that carries out the entire process from the design of the power grid to production, installation, connection, and testing in a unified manner, and comprehensive and strict evaluations of quality, technical reliability, and engineering capabilities are conducted during contractor selection. Notably, 400 kV is the highest operating voltage in Singapore, and technical capabilities and performance equivalent to 500 kV are required for contractor selection.
Based on its track record of supplying 500 kV power grids to the United States and other countries, Taihan Cable & Solution is uniquely supplying 400 kV power grids to Singapore among domestic wire manufacturers. Including this contract, it has achieved winning 400 kV turnkey projects for five consecutive orders. Taihan Cable & Solution currently holds the number one market share in the 400 kV and above sector in Singapore.
Last year, Taihan Cable & Solution secured new orders worth about 800 billion won, including turnkey projects for 230 kV and 400 kV high-voltage systems ordered by Singapore Power. As of the end of the first half, the company recorded an all-time high order backlog of 2.9 trillion won.
A representative from Taihan Cable & Solution said, "We have once again confirmed our unparalleled competitiveness in the Singapore high-voltage power grid market through this order and, as we have firmly established ourselves as a key local supplier, we plan to accelerate our market penetration for high-value products based on the technological prowess of strategic products such as high-voltage direct current (HVDC) cable systems and submarine cables."