Taihan Cable announces 120 billion-won US high-voltage cable order
The Korean company says it has secured a US power-grid project, but reports differ on how to describe the contract. The customer and full project value remain undisclosed.
Taihan Cable & Solution said on Thursday, October 15, that it had secured a 120 billion-won ($89 million) high-voltage cable order for a power-grid project in the United States. The Korea Herald described the sum as a cable-supply contract, while Yonhap News Agency called the order a high-voltage alternating-current cable system project. The deal adds to Taihan’s US transmission work as utilities invest in networks facing rising electricity demand.
What the 120 billion-won figure covers
According to The Korea Herald, Taihan’s US subsidiary, T.E.USA, will handle engineering and construction. The Korean parent will manufacture and supply the high-voltage cables and related equipment. The Herald said the 120 billion won represents materials supplied by Taihan to its subsidiary, rather than the value of the entire project.
Yonhap characterized the order as a turnkey contract from an unnamed US power-network operator. It reported that Taihan would handle engineering, manufacturing, installation and testing. The Herald said Taihan had not disclosed the client’s identity or the full project value, citing confidentiality agreements. The two reports therefore describe the contract’s scope differently.
US grid demand and Taihan’s earlier projects
Both outlets linked demand for large US cable projects to the expansion of artificial intelligence and data centers. The Korea Herald also pointed to utility investment in transmission networks as electricity consumption rises and infrastructure ages. Those conditions help explain why a high-voltage order matters to Taihan beyond the stated value of the cable supply.
The new deal follows a high-voltage turnkey project worth about 100 billion won that Taihan secured in January, according to The Korea Herald. The outlet also reported the company’s claim that it had won every US tender for a 500-kilovolt high-voltage alternating-current underground transmission project. Separately, the Herald said Taihan had secured a contract to supply 320-kilovolt high-voltage direct-current cables.
Yonhap reported that Taihan’s cable order backlog stood at 4.06 trillion won at the end of June. A Taihan official told The Korea Herald that the latest contract would help broaden the company’s business opportunities as large turnkey projects become more important in the US grid market.
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Sources and context
- Taihan Cable wins W120b US cable supply dealThe Korea Herald
- Taihan Cable wins 120 bln-won HVAC system order in U.S.Yonhap News Agency
AI-assisted article checked against the listed sources. NewsJaws did not conduct interviews or attend the reported events.