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Taihan won the contract for the supply of submarine cables for the Yeonggwang Nakwol Project
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Taihan won the contract for the supply of submarine cables for the Yeonggwang Nakwol Project
Winning the bid for a submarine cable project, Taihan is set to sharpen its competitive edge.
Taihan Cable & Solution won the contract for the supply of submarine cables for the Yeonggwang Nakwol Offshore Wind Power Project worth 100.3 billion won. Under this contract, Taihan is responsible for supplying inter-array submarine cables that connect wind power generators, and submarine cables connecting the wind farm with a new substation on Songi Island. The cables will be produced in the 1st stage facility of Submarine Cable Plant 1 in Dangjin, which will begin operations early next year.
The completion of the 2nd stage facility of Submarine Cable Plant 1 as well as Submarine Cable Plant 2 is expected to make the company more competitive in future bids.
