PR
Taihan Secures KRW 140 Billion EHV Power Grid Project in Singapore
- To supply 400kV and 230kV oil-filled (O.F.) EHV cable systems
- Secured approximately KRW 1 trillion in cumulative project awards in Singapore over the past two years, maintaining the No. 1 market share position in the 400kV-and-above EHV market
- Rising power infrastructure demand driven by AI data center expansion; expected to strengthen Korea’s export competitiveness
Taihan has once again demonstrated its technological leadership by securing a major extra-high-voltage (EHV) power grid project in Singapore.
Taihan announced on June 8 through a regulatory filing that it will supply 400kV and 230kV oil-filled (O.F.) EHV cable systems to SP PowerAssets Limited (SPPA), Singapore’s national power grid operator. The contract is valued at approximately KRW 140 billion.
Under the project, Taihan will supply both 400kV and 230kV EHV cable systems. The 400kV class represents the highest transmission voltage currently operated in Singapore, and qualification for such projects requires technical capabilities and project references comparable to those required for 500kV-class systems. Leveraging its experience as the first company in Korea to develop a 500kV transmission system and successfully supply it to markets including the United States, Taihan currently maintains the No. 1 market share position in Singapore’s 400kV-and-above EHV cable market.
Including this latest award, Taihan has secured approximately KRW 1 trillion in cumulative project awards in Singapore over the past two years, further strengthening its position as a key strategic partner in the country’s power grid market. Demand for power infrastructure in Singapore is expected to continue growing, driven by the expansion of AI data centers (AIDCs), power grid modernization initiatives, and renewable energy integration projects.
The O.F. cable awarded under this project utilizes insulating oil within the cable to ensure dielectric performance. Due to its highly complex manufacturing process and stringent maintenance requirements, only a limited number of global manufacturers possess the capability to produce such systems. Taihan pioneered Korea’s EHV cable market by becoming the first domestic company to develop and commercialize O.F. EHV cables. In addition, the company has established advanced technological capabilities across multiple insulation technologies, including XLPE (cross-linked polyethylene) systems.
Building on this technological expertise, Taihan plans to actively expand its presence in overseas markets by addressing growing global demand arising from increased investment in power grid infrastructure. The company also aims to contribute to strengthening the global competitiveness of Korea’s cable exports.
A Taihan representative stated, “This award underscores Taihan’s established position as a key player in Singapore’s power grid market. We will continue to strengthen our technological leadership not only in EHV cable systems but also in HVDC and submarine cable solutions, accelerating our expansion into high-value-added markets.”
