PR
Taihan Secures KRW 110 Billion Extra-High Voltage Turnkey Project in Singapore
- Sole Korean company supplying Singapore’s highest voltage 400kV power grid
- Part of a cross-border power interconnection project linking Indonesia and Singapore
- Achieves fifth consecutive 400kV turnkey contract, maintaining No.1 market share in the segment
Taihan has further demonstrated global competitiveness by securing an additional Extra-High Voltage (EHV) power grid project in Singapore.
On August 5, Taihan announced via regulatory filing that it signed a contract with Singapore’s SP PowerAssets Limited for the supply and installation of a 400kV underground power transmission system. The contract is valued at approximately KRW 110 billion.
This project is part of a cross-border power interconnection initiative to transmit renewable energy generated in Indonesia to Singapore. It supports Singapore’s growing electricity demand driven by the expansion of data centers and AI infrastructure. Under a full turnkey contract, Taihan will construct a 400kV-class underground power grid to deliver power to a substation located on West Jurong Island, Singapore.
A full turnkey contract encompasses all project stages—from design and manufacturing to laying, jointing, connection, and testing—and involves a rigorous evaluation of quality, technical reliability, and engineering capabilities. Notably, 400kV is the highest voltage level currently operated in Singapore, requiring vendors to meet technological standards equivalent to those for 500kV systems.
Leveraging its proven track record in supplying 500kV power grids in the United States and other regions, Taihan remains the only Korean cable manufacturer capable of delivering 400kV turnkey solutions in Singapore. Including this latest contract, the company has secured five consecutive 400kV turnkey projects, establishing itself as the market leader in Singapore’s 400kV and above segment.
A company spokesperson stated, “This contract once again affirms our unrivaled competitiveness in Singapore’s Extra-high voltage power grid market. Having positioned ourselves as a key local supplier, we plan to accelerate market expansion of high-value products based on advanced technologies such as HVDC cable systems and submarine cables.”
Last year, Taihan also secured new orders worth approximately KRW 800 billion from SP PowerAssets Limited for 230kV and 400kV Extra-high voltage turnkey projects. As of the end of the first half of this year, the company’s order backlog reached a record KRW 2.9 trillion, continuing strong momentum in both domestic and international markets.
