Taihan had finalized two contracts with SP PowerAssets Limited for the supply and installation of a 400kV EHV power grid, with a total value of KRW 840 billion.
The NDC373 project, one of the two contracts, amounts to approximately KRW 500 billion, making it the largest export of extra-high voltage AC transmission networks in the nation’s history. This marks the most sizable project that Taihan has ever acquired, whether within the country or overseas.
This endeavour is a key project that SP PowerAssets has meticulously prepared over a long period to effectively address the burgeoning electricity demand stemming from the surging demand of AI and data centers.
This grand-scale project entails the construction of a 400kV extra-high voltage underground power grid, the highest voltage in use locally, throughout Singapore, with Taihan undertaking the entire process, from design to production, laying, connection, and testing, in a full turn-key manner.
Due to the critical importance of stability in a 400kV full turn-key project, rigorous evaluation encompassing quality, technical prowess, engineering proficiency, and project management capabilities is carried out when selecting the contractor. In particular, the high construction difficulty of this project, which includes tunnel sections, required comprehensive evaluation.
Commenting on the project, Song Jong-Min, Taihan’s Vice Chairman, said, “Winning this landmark project in Singapore, a market known for its stringent technical and quality verification requirements, serves as a testament to Taihan’s all-encompassing competitive advantage in technology, quality, and service. We will continue to play a pivotal role in enhancing the national competitiveness by widely promoting the excellence of Korean cable technology and products in key markets across the United States, Europe, and Asia.”
