LS Cable & System Wins International Tender for Undersea Cable Between Wando and Jeju

LS Cable Donghae Port Submarine Cable Shipment

[Asia Economy Reporter Dongwoo Lee] LS Cable & System announced on the 17th that it has won the contract for the Korea Electric Power Corporation's "Jeju 3-Connection Submarine Cable Construction Project," valued at 232.4 billion KRW. This is the largest submarine cable project in South Korea since the Jeju 2-Connection project won by LS Cable & System in 2009.

LS Cable & System will connect approximately 90 km between Wando, Jeollanam-do, and Jeju Island with a high-voltage direct current (HVDC) submarine cable. LS Cable & System will carry out the entire project from production to construction of the submarine cable, with completion scheduled for the end of 2023.

The submarine cable will be laid in two lines to respond to the increasing power demand on Jeju Island, ensuring stable power supply and simultaneously transmitting Jeju's renewable energy to the mainland. Unlike alternating current (AC) cables, HVDC cables do not generate electromagnetic waves, minimizing environmental impact.

LS Cable & System was the sole bidder in the international competitive bidding process for this project. After four rounds of failed bids and technical evaluations, LS Cable & System was finally selected. Currently, only five companies worldwide can provide integrated supply from manufacturing to construction of high-voltage submarine cables, and LS Cable & System is the only one in South Korea.

With countries around the world strengthening renewable energy policies, LS Cable & System plans to expand investment, including building an HVDC specialized factory at its Donghae City plant in Gangwon Province in 2021. The company expects that continuous domestic investment will contribute to revitalizing the local economy and promoting employment.

This year, LS Cable & System secured large-scale projects in the United States, the Middle East, and Europe, and signed a long-term supply contract with Ørsted, the world's number one submarine cable operator. LS Cable & System entered the submarine cable market in 2009, which had been entirely dependent on imports, and has established itself as a global supplier in just over ten years through technological independence.

Myung Nohyun, CEO of LS Cable & System, said, "The decision to participate in this project was made not only based on business performance but also considering the responsibility of building the national power grid, a key national infrastructure," adding, "We will carry out the project successfully with a strong sense of mission."

Conceptual Diagram of LS Cable & System's Jeju Interconnection Submarine Cable Construction Project

This content was produced with the assistance of AI translation services.