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Taihan secures $80.2M contract for 400 kV network in Singapore

Taihan strengthens its presence in Singapore with a fifth consecutive contract for a 400 kV underground network, as part of a power interconnection project with Indonesia.

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Taihan Cable & Solution Co., the only South Korean manufacturer capable of delivering turnkey 400 kilovolt (kV) solutions in Singapore, announced the signing of a contract worth approximately $80.2 million with SP PowerAssets Limited. This project involves the supply and installation of a 400 kV underground power transmission network, the highest voltage level operated in Singapore.

A key link in regional energy interconnection
The project is part of a cross-border initiative to transmit electricity generated from renewable sources in Indonesia to Singapore. The city-state’s growing energy demand, driven by the expansion of data centres and artificial intelligence infrastructure, is increasing the need to strengthen grid capacity. The contract covers a full turnkey scope, from design to commissioning, including manufacturing, installation, connection, and cable testing.

Continued growth strategy
This is Taihan’s fifth consecutive 400 kV contract in Singapore, consolidating its leading position in this segment. The company draws on its experience supplying 500 kV grids in the United States and other regions, as well as a record order backlog of $2.11 billion at the end of the first half of the year. In 2023, it had already secured contracts worth about $582.9 million from the same client for 230 kV and 400 kV networks.

Expanded submarine cable capabilities
In parallel, Taihan is developing its submarine cable activities, including a $132.3 million contract for the Anma offshore wind farm and the acquisition of Ocean Construction & Installation (OceanC&I), a specialist in offshore installation. This vertical integration, combined with the operation of the PALOS cable-laying vessel and the opening of new plants in Dangjin, strengthens its capabilities across the entire value chain.

Ongoing projects, such as expanding into high-voltage direct current (HVDC) cables and preparing the “West Coast Energy Highway” in Korea, reflect a strategy of simultaneous growth in domestic and international markets. This diversification aims to capture an increasing share of global demand for high-capacity electricity transmission solutions.

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