Seoul: Taihan Cable and Solution Co., South Korea's second-largest cable maker, announced on Tuesday that it has secured cable projects in Qatar valued at 220 billion won (US$158 million). The company has received a letter of award from Qatar's state-run water and electricity supplier, Kahramaa, for a 180 billion-won project. This project aims to expand Qatar's transmission system under a turnkey arrangement.
According to Yonhap News Agency, the company also secured an additional project worth 40 billion won earlier this month. This project involves establishing a high-voltage power grid designed to meet Qatar's increasing energy demands. Taihan Cable has been involved in various initiatives commissioned by Kahramaa since 2008, showcasing its competitiveness against global rivals.
The company stated that as the demand for power infrastructure continues to grow across the Middle East, including Qatar, it plans to broaden its business portfolio. This expansion will include high-voltage direct current cable systems and submarine cable projects, reflecting Taihan Cable's commitment to strengthening its market presence in the region.