Taihan Cable & Solution (Taihan) has secured a landmark contract in Singapore, further solidifying its position as a global leader in the high-voltage power grid sector.

Per reports in Korea IT TIMES and BusinessKorea, Taihan announced on Oct. 4 that it had signed two contracts with Singapore’s SP PowerAssets Limited for the supply and installation of 400 kV high-voltage power grids.

The NDC373 project, one of the two contracts, is valued at around $360 million, making it the largest high-voltage AC transmission network export in South Korea’s history. This project involves constructing a 400 kV high-voltage underground power grid, the highest voltage used locally, across Singapore. Taihan will execute the project in a full turn-key manner, handling everything from power grid design and production to laying, connection and testing.

“We will continue to contribute to enhancing national competitiveness by widely promoting the excellence of Korean cable technology and products in key markets such as the United States, Europe, and Asia,” said Taihan Vice Chairman Song Jong-min. “Taihan’s success in securing this contract amidst competition from leading global companies underscores its robust capabilities and reputation in the industry.”

Taihan’s track record in Singapore includes previously 400 kV projects in 2016 and 2022. It noted that Taihan is “the only domestic company to participate in all 400kV full turn-key projects conducted in Singapore.”

NKT has made a framework supply agreement with Dutch distribution system operator Enexis, which earlier this year announced that it would be “scaling up” its cable suppliers from three to eight to assure its cable needs can be met for its ambitious power grid projects that will collectively cost an estimated €2.3 billion.

A press release said that one of Enexis’s projects will require several thousand km of underground power cables to expand the power grid in the Dutch provinces of Groningen, Drenthe, Overijssel, Brabant and Limburg to prepare for an increasing amount of renewable energy. The agreement with NKT calls for it to deliver approximately 600 km of power cables per year over the next eight years for that project.

The majority of the medium-voltages power cables will be produced at NKT’s factory in Asnaes, Denmark, with shipments starting in 2025. The plant is being expanded in the coming years as part of NKT’s announced investments across three medium-voltage manufacturing sites.

Enexis reports that it will need more than 76,000 km of power cables over the next 12 years, as part of its reinforcement of the Dutch power grid. That will include some 40,000 km of medium-voltage cables and more than 36,000 km of low-voltage cables needed for the reinforcement and expansion of neighborhood grids.

To make this possible, Enexis is scaling up from its base of three cable manufacturers: Prysmian Netherlands, TKF (BV Twentsche Kabelfabriek) and Waskönig+Walter Kabel-Werk GmbH u. Co. KG. It plans to add five suppliers. In addition to NKT, those include Tele-Fonika Kable, Hellenic Cables, KLZ Vertriebs and GM Products.