US$78M Cable Project
Taihan Electric Wire Co., a South Korean leading provider of industrial cables, has won two orders worth US$62 million (73.04 billion won) to build high-voltage power network in the Middle East.
Taihan Electric Wire announced on January 19 that it has landed two projects worth US$43 million (50.65 billion won) and US$19 million (22.38 billion won) in Saudi Arabia and Kuwait, respectively.
In Saudi Arabia, the company signed a contract with Saudi Electricity Company-Eastern Operating Area (SEC-EOA) to construct 380kV underground cables connecting electric power substation in Qurayyah to Doha, Qatar.
For the 118km-long ultra-high voltage cable project, Taihan Electric Wire will supply cables and accessories as well as install and test operation.
In Kuwait, Taihan Electric Wire will install ultra-high voltage cable in an oil refinery to be built in Al-Zour, Kuwait. The company plans to carry out the project on turnkey basis in responsible from the supply, installation and civil design to facility testing. The deal was signed between the South Korean joint venture with US-based Flour and the Kuwait National Petroleum Company (KNPC).