Taihan wins turnkey 380-kV power grid deal in Germany

Taihan Cable & Solution won a turnkey contract to build an extra-high-voltage power grid in Germany, expanding its presence in the European market, the Korean cable maker said Tuesday. The project was secured by the company’s Dutch subsidiary, Taihan Netherlands, through a turnkey arrangement, under which a single contractor handles a project from start to finish. The subsidiary will oversee the entire project, including local engineering and construction, while the Korean headquarters will manufacture and supply key materials such as extra-high-voltage cables and joints. Taihan said in a regulatory filing the same day that its headquarters signed a supply contract worth about 115 billion won ($87 million) with the subsidiary. The total value of the turnkey deal is higher, but the company did not disclose the figure or the client, citing a confidentiality agreement. The project involves building a 380-kilovolt (kV) underground grid, the highest voltage used in Germany’s underground alternating current power network. Taihan won two 380-kV grid projects in Germany in January 2023. The