Taihan Cable wins $67.3 mil. cable order in US
This undated file photo provided by Taihan Cable & Solution shows high-voltage cables being installed in the United States. Yonhap
Taihan Cable & Solution, Korea's second-biggest cable company, said Thursday it has received a 90 billion-won ($67.3 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)