Taihan Cable Wins 90 Bln-won Cable Order in U.S.

SEOUL, Sept. 19 (Korea Bizwire) – Taihan Cable & Solution Co., South Korea’s second-biggest cable company, said Thursday it has received a 90 billion-won (US$68 million) high-voltage cable order in the United States. Taihan Cable has obtained the deal from LS Power Grid California to supply 320 kilovolt and 500kV high-voltage direct current transmission systems [...]The post Taihan Cable Wins 90 Bln-won Cable Order in U.S. appeared first on Be Korea-savvy.

This undated file photo provided by Taihan Cable & Solution Co. shows high-voltage cables being installed in the United States. (Image courtesy of Yonhap) SEOUL, Sept.

19 (Korea Bizwire) – Taihan Cable & Solution Co., South Korea’s second-biggest cable company, said Thursday it has received a 90 billion-won (US$68 million) high-voltage cable order in the United States. Taihan Cable has obtained the deal from LS Power Grid California to supply 320 kilovolt and 500kV high-voltage direct current transmission systems (HVDC) in northern California, the company said in a statement.

Local demand for HVDCs is soaring in Silicon Valley and San Jose due to the development of artificial intelligence-related and other IT companies, it said. It is the first time for Taihan Cable to win an HVDC order in the U.S.

All the other U.S. deals are high-voltage alternating current transmission systems.

With the HVDC deal, the company has obtained 610 billion won worth of cable orders in the world’s largest economy so far this year. (Yonhap).