Taihan Cable Wins 154kV Extra-High Voltage Power Grid Project for Haenam Solar Power Plant

Approximately 50 Billion Won Project
Full Turn-Key Approach for End-to-End Execution

Taihan Cable has demonstrated its competitiveness in the power grid market by winning another order for a domestic renewable energy interconnection project.

Panoramic view of Taihan Cable Dangjin Cable Factory. Taihan Cable

On June 1, Taihan Cable announced that it had secured a project to build an extra-high voltage power grid for the solar power project in Haenam, South Jeolla Province. The total contract value is approximately 50 billion won.

This project aims to transmit electricity generated at the Haenam solar power plant to the nearby Haenam substation. It was initiated to meet rising power demand in the Haenam area and to contribute to the expansion of domestic renewable energy distribution.

For this project, Taihan Cable will build a 154-kilovolt (kV) extra-high voltage power grid using the full turn-key approach. The full turn-key method refers to a process in which a single company manages all stages—from grid design, production, installation, connection, to final testing—requiring high-quality standards, technological reliability, and advanced engineering capabilities. Taihan Cable was selected as a qualified contractor thanks to its years of accumulated expertise in manufacturing extra-high voltage cables and its proven project execution capabilities.

Recently, the government announced the 'First Basic Plan for Renewable Energy,' and has begun expanding renewable energy supply and infrastructure focused on solar and wind power. As a result, the importance of interconnection projects linking power generation sources to existing power grids is steadily increasing.

Taihan Cable continues to achieve solid results in domestic renewable energy interconnection projects. In April, the company was awarded a 154kV extra-high voltage submarine cable project to connect the power generated by the Singan Bigeum Solar Power Plant and the Dogo Floating Solar Power Plant in Sinan, South Jeolla Province to the Anjwado Substation. As the company participates in major renewable energy projects in succession, it is expected to win additional contracts in the future.

Not only in Korea but also in global markets such as the United States, Europe, and the Middle East, Taihan Cable is actively responding to demand, leading to significant improvements in its financial performance. In the first quarter of this year, Taihan Cable posted consolidated sales of 1.0834 trillion won and operating profit of 60.4 billion won. Compared to the same period last year, sales increased by 26.6% and operating profit by 122.9%.

A Taihan Cable representative stated, "It is highly meaningful that we can contribute to the energy transition and the expansion of power infrastructure by providing a stable power grid amid the ongoing growth of renewable energy generation in Korea," adding, "We will continue to strengthen our competitiveness in both domestic and overseas power grid markets based on our accumulated business experience and engineering capabilities."

This content was produced with the assistance of AI translation services.