Daehan Electric Wire Enters Canadian Power Market

Awarded Ultra-High Voltage Turnkey Project... Worth 17 Billion KRW

[Asia Economy Reporter Jin-ho Kim] Daehan Electric Wire & Cable has succeeded in expanding its market by winning an ultra-high voltage project in Canada.

Daehan Electric Wire & Cable announced on the 28th that it had won a turnkey ultra-high voltage power grid project in Ontario, southeastern Canada. The power grid turnkey project is carried out in a way that integrates the supply of materials such as ultra-high voltage cables and accessories, as well as power grid design, installation, connection, and testing.

This project involves constructing a new 230kV power grid within tunnels passing through the downtown underground to prepare for the increasing power demand in the Ontario region. The contract value is approximately 17 billion KRW.

This order is significant as it is Daehan Electric Wire & Cable's first ultra-high voltage turnkey project in Canada. It is highly profitable and large in scale. Moreover, since it is the company's first entry into a market with high entry barriers, continuous expansion of orders is expected in the future.

Daehan Electric Wire & Cable explained that the achievements and trust accumulated through numerous ultra-high voltage turnkey projects in the U.S. market served as the foundation for this order. Since Canada and the U.S. have closely connected power systems, the performance in the U.S. was effective.

In fact, Canada and the U.S. form a highly integrated power grid through more than 35 interconnected power systems.

A Daehan Electric Wire & Cable official stated, “We will continue to expand orders in Canada in the future,” and added, “Especially as the expansion of transmission line interconnection projects between Canada and the U.S. is expected, this will be an opportunity for Daehan Electric Wire & Cable, which has demonstrated strong competitiveness in the U.S. market.”

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