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Taihan Electric Wins US$92 mln in Orders from Mideast
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Taihan Electric Wire Co., South Korea's No. 2 cable maker, said Monday it has clinched a combined US$92 million in orders to build high-voltage power lines in Kuwait and Saudi Arabia.


Under a $48 million turnkey deal signed last week with Kuwait's Ministry of Electricity and Water, Taihan Electric Wire will replace a 158-kilometer-long, 132-kilovolt electricity line in the Middle Eastern Country's capital.

The company also sealed a $44 million contract together with a Saudi Arabian company to construct a power substation and a high-voltage, 80-km electricity line at an airport in the southern city of Jeddah over a 16-month period.

The deals came days after Taihan Electric Wire won a $40.26 million order to supply high-voltage power cables to Saudi Arabia.

Source Text


Source: Yonhap News (Apr. 30, 2012)

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