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#Power Cables
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NEWS PRSecuring the German 380kV Project: Opening the Door to the Extra-High Voltage Market
Securing the German 380kV Project: Opening the Door to the Extra-High Voltage MarketOn February 2, 2023, Taihan announced that it had secured two consecutive projects in January for the construction of Extra-high voltage power grids in Germany. The client is TenneT, a leading Transmission System Operator (TSO) operating power transmission networks in both Germany and the Netherlands. The total contract value is approximately Around 52.8 million USD. Both projects aim to establish 380kV Extra-high voltage power grids to cater to Germany's expanding power demand. The 380kV voltage level is the highest among Germany's underground AC power grids and, given its importance, its power grid stability is ensured through meticulous technology and quality evaluations conducted during the contractor selection process. This recent deal signifies Taihan's entry into the German 380kV Extra-high voltage power grid market.
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NEWS PRTaihan participated in BIXPO, an international comprehensive energy expo
Taihan participated in BIXPO, an international comprehensive energy expoTaihan participated in 'Bitgaram International Electric Power Technology Expo (BIXPO) 2022' held from November 2nd to 4th, 2022 at the Kim Dae-jung Convention Center in Gwangju. BIXPO is an international comprehensive energy expo hosted by Korea Electric Power Corporation, and 233 companies participated in it in line with the theme of 'carbon-neutral and energy security' in 2022. Taihan attracted the attention of visitors by exhibiting a number of related new and renewable energy products, such as subsea cables and solar cables, as well as its main products, Extra-high voltage cables and overhead wires, etc.Taihan will continue to showcase its superior technology and competitive edge by participating in domestic and overseas exhibitions in the future.
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NEWS PRTaihan participates in “CIGRE 2022” in France
Taihan participates in “CIGRE 2022” in France.Taihan participated in the most prestigious international event in the electric power field, showing its determination to grow its business in the market.The company joined the “CIGRE Session 2022,” which got under way for across six days from August 28 to September 2 in Paris, France, to showcase outcomes from its extra-high-voltage projects and also some of its strategically important products. At the exhibition, Taihan presented its flagship products as well as strategic products such as extra-high-voltage cables of various voltages, including 500kV, submarine cables, and high-voltage direct current (HVDC) transmission solutions, which helped attract the attention of visitors at the CIGRE.Moreover, the company highlighted its competitiveness in the global market by disclosing results from orders it received in multiple European countries such as the UK, the Netherlands, Denmark, and Sweden since its entry into Europe in earnest back in 2017. Taihan also shared updates on projects in the US market as well.
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NEWS PRConstruction for the extra-high-voltage cable factory in Saudi Arabia
Construction for the extra-high-voltage cable factory in Saudi ArabiaTaihan appears ready to step up its local investment plan in Saudi Arabia. On the 15th, the company signed a new contract at Hoban Park Building #2 (Umyeon-dong, Seocho-gu) on creating a joint venture (JV) tasked with building an extra-high voltage cable production plant in Saudi Arabia. Taihan’s joint investor for the project is the Mohammed Al-Ojaimi Group, an EPC specializing in the transmission and distribution of electricity across Saudi Arabia. Taihan is set to invest 51% of the USD 80 million in total investments (approx. KRW 100 billion) for this new project. The factory will be built on a site stretching across 70,000m2 in a high-tech industrial complex located in Riyadh, the nation’s capital. Once the factory is complete, Taihan will begin the local production of extra-high-voltage cables and power equipment required in extra-high-voltage power grids, and this, in turn, will have a positive impact in helping the company secure the technology and competitive pricing it needs to grow its business in the Middle East, Europe, and Africa.
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NEWS PRTaihan participates in the Energy Networks(EN) and Seoul International Electric Fair and Power Gener
Taihan participates in the Energy Networks(EN) and Seoul International Electric Fair and Power GenerTaihan continues to participate in exhibitions and fairs both in Korea and abroad to showcase the excellence of its products to consumers worldwide. The company joined the Energy Networks (EN) 2022 in Brisbane, Australia, from March 16 to 18 in order to introduce a diverse product lineup and customized solutions, including EHV, MV/LV, and submarine cables. During the same period, it also participated in the 2022 Seoul International Electric Fair and Power Generation Korea (SIEF) in COEX, Seoul. Taihan participated in the IEEE, the largest electric power industry exhibition in the United States, as well, introducing some of its highly competitive offerings in the US, such as the 500kV power grid, which the company installed in North America for the first time ever, alongside extra-high-voltage cables and overhead transmission lines.
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NEWS PRTaihan’s US subsidiary succeeds in winning a major extra-high-voltage power grid project
Taihan’s US subsidiary succeeds in winning a major extra-high-voltage power grid projectTaihan has won an additional large-scale project in the US, continuing its recent streak of new orders. The company’s US subsidiary, TEUSA, secured a supply order for an extra-high-voltage power grid from a major US power corporation. Worth roughly KRW 60 billion, this latest order comes just 15 days after the news of Taihan winning its bid for another long-term contract (three years) in America halfway through last month. This project is particularly significant in that it is an “Alliance Contract” based on mutual trust, unlike a regular product supply contract.
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BUSINESS productLow Toxic Flame Retardant Cables
Low-toxic flame-retardant cables refer to cables that are equipped with performance to prevent the spread of fire and secondary damage in order to prevent damage to the power system and information communication network in the event of a fire. In particular, their core feature is excellent safety, such as removing halogen components that are harmful to the environment and human body generated during combustion.
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NEWS PRWon the $100 million Power Turn-key Project in Qatar
Won the $100 million Power Turn-key Project in QatarTEC, who has been a major supplier of energy cable sector in Middle East region especially in Dubai and Saudi Arabia, is recently selected as the supplier of extra high voltage turn-key project and concluded the LOA in February. Market share in the Middle East is expected to grow sharply in coming years receiving the first massive order in Qatar market. TEC, currently has sales offices at Dubai, Riyadh and Kuwait, is opening a new office in Qatar in order to strengthen sales channels in the region.