[Breaking News] Taihan Electric Wire Signs 133 Billion KRW HVDC Power Cable Supply Contract with KEPCO
Taihan Electric Wire has signed a 133 billion KRW supply contract with Korea Electric Power Corporation (KEPCO) for High-Voltage Direct Current (HVDC) power cab
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Taihan Electric Wire has signed a 133 billion KRW supply contract with Korea Electric Power Corporation (KEPCO) for High-Voltage Direct Current (HVDC) power cables.
According to Taihan Electric Wire on the 17th, the contract covers the supply of 'HVDC XLPE power cables and accessory materials [Section 2].' The contract covers a domestic section connecting the East Coast to East Seoul, and will run from June 16, 2026, to March 27, 2028.
- *■ Key Contract Figures and Payment Terms**
- Contract Amount: 133,024,652,414 KRW (excluding VAT). Including VAT, the total amounts to approximately 146.3 billion KRW.
- Revenue Share: This figure represents 3.66% of Taihan Electric Wire's revenue (3,636,018,215,712 KRW) based on its 2025 consolidated financial statements.
- Payment Terms: There is no down payment or advance payment; billing and payment will be made upon delivery.
■ Project Background and Execution Method This contract is part of a national core power grid project aimed at stably supplying power generated in the East Coast region to the metropolitan area. Taihan Electric Wire will execute the project using a 'Turn-Key' method, taking full responsibility for both the supply and installation of 500kV HVDC XLPE cables and related accessory materials.
Additionally, the company noted that some details of the contract may be subject to change during the course of the project.
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