Taihan Electric Wire wins deal to provide underground power cables in Denmark

[Gettyimages Bank]

SEOUL --Taihan Electric Wire, a South Korean power cable and grid infrastructure company, made its foray into Denmark's power cable and equipment market with an eight-year deal to supply underground cables and connecting materials by 2028.

Taihan said on Wednesday that it would provide up to 25 percent of orders from Energinet, a public company that supplies electricity and gas. "This deal will provide good opportunities to win orders in Denmark's neighboring countries such as Germany and Norway," a Taihan official said.

Taihan has established its European office in 2017 to win orders in countries where governments and state-owned power companies are re-establishing power grids to improve their transmission efficiency and cover range.

Taihan won a $114 million deal from Australia's power transmission company TransGrid in December last year to provide underground cables to meet growing electricity demand in the Australian state of New South Wales.

Park Sae-jin swatchsjp@ajunews.com

Taihan Electric Wire wins deal to provide underground power cables in Denmark

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