LS Cable recently announced on July 17 that the company landed an order for a submarine cable project worth 62 billion won (US$55 million) from the Singapore Power Authority. This marks the first time that a Korean company exports ultra-high voltage submarine cables to Southeast Asia.
LS Cable will install submarine cables in the 1.5 km section under the sea between Woodlands New Town in the north of Singapore and the southern resort town of Johobaru in Malaysia. Singapore and Malaysia are connecting power grids to prepare for power loads and failures. The project will replace a 30-year-old submarine cable laid by a French cable company in 1985 and some parts were already cut off.
LS Cable has accumulated know-how in large-scale submarine cable projects on offshore wind farms in North Europe and in the US, Canada and Qatar.
Ultra-high voltage submarine cables can be supplied by only five companies around the world including Korea, Europe and Japan. In Korea, LS Cable owns the only submarine cable factory in Korea in Donghae of Gangwon Province.