Taihan Cable wins $137 mn long-term contract in US

Quick Summary:

Taihan Cable will supply 138 kV and 345 kV cables and other ultra-high voltage power grid materials for project of aging power grids with new ones in the eastern US.

Including this recent contract, Taihan Cable has achieved new orders worth about 520 billion won in the US alone this year.

Over 50% of the underground power grids in the US have exceeded their 40-year replacement period, and the recent surge in power consumption due to advancements in artificial intelligence (AI) has further highlighted the need for these replacements.

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Article Details

Category: Economy

Markets: South Korea

Topics: Taihan Secured Billion Korea Cable Recent Worth Project Power Contract Eastern

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 11:07:58 (1 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 170 words

Reading Time: 1 minutes read

Sentences: 12 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 21768010

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About Korea Economic Daily

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Official Website: kedglobal.com

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