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.”