SEOUL, August 05 (AJP) - South Korea’s Taihan Cable & Solution has secured a major contract with Singapore’s state-run electricity provider to deliver and install a 400-kilovolt underground power network as part of a regional initiative to expand clean energy transmission.
The deal, announced Tuesday, was signed with SP PowerAssets Limited and is valued at approximately 110 billion won, or $79.2 million. The project will form a critical piece of Singapore’s energy infrastructure as the city-state prepares to import renewable electricity from Indonesia.
Under a turnkey model, Taihan will oversee the full construction of the high-voltage system — from initial design and cable manufacturing to underground installation, connection, and testing — delivering a fully operational network to SP PowerAssets. The new transmission line will feed power to a substation on Singapore’s West Jurong Island, a key industrial hub.
The contract comes as Singapore's electricity demand surges, fueled by a growing number of data centers and AI-driven infrastructure. The cross-border grid project is part of a broader push by Southeast Asian nations to decarbonize energy systems and enhance regional connectivity.
“This contract once again proves Taihan’s competitive edge in Singapore’s ultra-high voltage power grid market,” the company said in a statement.
“As a key supplier in the region, we plan to accelerate our push into high-value markets by leveraging our technological leadership in strategic products such as HVDC and subsea cable systems.”
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