Taihan Electric reports sizeable cable contracts
Taihan Electric Wire announced that it has won three contracts to supply three ultra high-pressure cables in the Middle East and Kazakhstan that are worth a combined US$42 million.
BusinessKorea reports that two contracts were placed by the Ministry of Electricity & Water of Kuwait to supply power to substations in the Shadadiya region and by the Dubai Electricity and Water Authority (DEWA) to lay underground power lines in Dubai, the contract amounts US$32 million and US$6 million, respectively. The projects, it said, are in progress on a turn-key basis,and that Taihan will supply 275kV and 132kV cables, cable joints, and related equipment while being in charge of all of the electric works.
The third contract, from Kazakhstan, valued at US$4 million, calls for Taihan to supply 500kV cables to local thermal power stations, the BusinessKorea report said, adding that the company recently won a similar project in Russia. "500kV cable works are the most advanced form of those related to underground power lines and only five to six
companies around the world have been engaged in them. Back in June this year, Taihan succeeded in a commercial operation of 500kV cables in Russia for the
first time as a Korean power cable manufacturer," it said.