2012-04-30 11:14
Taihan Electric wins $92 mil. in orders from Mideast
Taihan Electric Wire Co., Korea's No. 2 cable maker, said Monday it has clinched a combined $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. (Yonhap) |
||||||||