- About Us
- Investment News
According to Yonhap News,
SEOUL, March 4 (Yonhap) -- Taihan Electric Wire Co., a major cable maker in South Korea, said Wednesday that it has won a deal to supply high voltage underground power grids to Danish state-run power transmission company Energinet.
Under the agreement, Taihan said it will supply cables and cable accessories and carry out installation and connection.
The company did not reveal the value of the deal.
Taihan said it expects to supply more than 25 percent of orders to be placed by Energinet until March 2028.
The latest order from Energinet "will be a good opportunity for us to expect orders from other major countries such as Germany and Norway," a company official said.
The deal marked the first entry into Denmark by Taihan.
Taihan has been expanding its European market by winning orders for extra high-voltage cable projects in the Netherlands, Sweden and Britain.
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
Source: Yonhap News (Mar. 4 , 2020)