Daehan Cable has secured an additional contract for a high-voltage power network project in the United Kingdom. The company is capitalizing on the growing demand for renewable energy and the need to replace aging power infrastructure in the European market.
According to industry sources, Daehan Cable will supply a 132kV high-voltage cable system for a power network construction project in Scotland. The contract is valued at approximately 65 billion won (about $65 million).
This project is being led by the global infrastructure firm Valour BT, aiming to enhance the stability of power supply in the northern region of Scotland through the establishment of new transmission lines.
Including this latest contract, Daehan Cable has secured four projects in the UK in the first half of this year, with a total value of around 100 billion won (about $100 million).
The UK is recognized as a rapidly growing market for high-voltage underground and submarine cables, driven by simultaneous expansions in offshore wind energy and the replacement of outdated transmission networks.
A representative from Daehan Cable stated, "Europe is a strategic market where the demand for underground and submarine cables is increasing rapidly due to the expansion of power networks and renewable energy. We will leverage our accumulated project experience and technological competitiveness to expand our presence in the global market."
* This article has been translated by AI.
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