Daehan Electric has secured a project to build an ultra-high voltage power grid linked to a solar power plant in Haenam, South Jeolla Province. As the demand for grid connection projects linking power plants and substations grows alongside the expansion of renewable energy, the company is strengthening its position in the domestic power grid market.
According to industry sources, Daehan Electric has won a contract worth approximately 50 billion won to construct a 154kV ultra-high voltage power grid that will transmit electricity generated at the Haenam solar power plant to the Haenam substation.
For this project, Daehan Electric will employ a full turnkey approach, managing the entire process from design to cable production, installation, connection, and testing. This method requires comprehensive capabilities in manufacturing, on-site construction, quality control, and testing technology.
Recently, Daehan Electric has been actively winning contracts in the domestic renewable energy grid market. In April, the company secured a project to connect electricity generated from the solar power plants in Bigeum, Sinan, and Dogo floating solar power plants to the Anjwa substation via a 154kV ultra-high voltage submarine cable.
The power industry is increasingly recognizing that as solar and wind power generation rises, delays in grid connections and insufficient transmission networks are becoming bottlenecks for projects, leading to a growing demand for ultra-high voltage cables and submarine cables.
The government's push to expand renewable energy centered on solar and wind power, along with the enhancement of power infrastructure, is also seen as an opportunity for power grid companies. Even as renewable energy plants increase, a lack of grid capacity can hinder actual power supply.
Daehan Electric is not only expanding its contracts in South Korea but also pursuing opportunities in international power grid markets, including the United States, Europe, and the Middle East. In the first quarter of this year, the company reported consolidated sales of 1.0834 trillion won and an operating profit of 60.4 billion won, marking increases of 26.6% and 122.9%, respectively, compared to the same period last year.
A Daehan Electric official stated, "We are participating in the stable supply of power grids amid the growing trend of renewable energy generation in South Korea. We will strengthen our competitiveness in the domestic and international power grid markets based on our accumulated project experience and engineering capabilities."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.