Daehan Electric has secured a large-scale turnkey high-voltage power grid project in the United States worth over 100 billion won.
The company announced on October 15 that its U.S. subsidiary, T.E. USA, has won the high-voltage power grid project and signed a major material supply contract with its headquarters worth approximately 120 billion won.
The U.S. subsidiary will oversee local engineering and construction, while the headquarters will be responsible for the production and supply of high-voltage cables and accessories.
Due to a confidentiality agreement with the client, details such as the total project amount and the client's identity have not been disclosed.
Following a project worth about 100 billion won secured in January, Daehan Electric continues to achieve success in the local market. The company has demonstrated its technological competitiveness by winning a contract for a 500 kV high-voltage alternating current underground power grid project and securing a supply contract for 320 kV high-voltage direct current cables.
Recently, the U.S. has seen a surge in power demand due to the growth of the artificial intelligence (AI) industry and the expansion of data centers, leading to increased investments in replacing and building new aging power grids. Daehan Electric plans to strengthen its position in the high-voltage cable market while increasing contracts for high-value products such as HVDC and submarine cables.
A representative from Daehan Electric stated, "As the importance of large turnkey projects in the U.S. market grows, we will continue to expand business opportunities and actively respond to diverse customer demands to solidify our presence in the local market."
* This article has been translated by AI.
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