Investment News
- Home
- About Us
- Newsroom
- Investment News
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