Taihan procures mega project valued AUD 173M in Australia

Taihan, a South Korean leading provider of cable and wire, procures major Australian energy project in Sydney.

Taihan has officially announced they have signed a contract for the provision of 330kV cable with TransGrid for its Powering Sydney’s Future project. TransGrid is one of largest transmission utilities in Australia. The contract value is around AUD 173 million (KRW 143 billion).

This project is designed to prepare Sydney for the expected increase in power demand in the CBD (Central Business District) and surrounding suburbs. Taihan will carry out this contract as a full Design and Construct (Turn-Key) project, not only supplying cables and it’s accessories but also system design, civil works, cable installation, jointing and commissioning tests.

The 330kV cable grade is the highest voltage used in Australia for any underground cable system. Taihan was selected because of several prior successful turn-key projects. Taihan has established a good reputation for the successful delivery of 132kV and 275kV projects in Australia and 220kV projects in New Zealand. Taihan entered the Australian market by supplying 33kV underground cable in 2004.

An officer from Taihan said, “TransGrid has been planning this project for a couple years for the stable power supply in Sydney’s CBD and surrounding suburbs, so It is very meaningful for Taihan to win this contract in competition with major global companies. Also, Taihan looks forward to continued market expansion in Australia due to steep population growth and infrastructure expansion led by government.”

Source: https://www.taihan.com/
Image source: Courtesy of Taihan

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Author: Cable Technology News Team

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