Daehan Electric Wire & Cable Wins Bahrain Ultra-High Voltage Power Grid Project
Order Amount Approximately 60 Million USD
Daehan Electric Wire announced on the 22nd that it has won a contract for an ultra-high voltage power grid construction project ordered by the Electricity and Water Authority (EWA) of Bahrain. The contract amount is approximately 60 million dollars.
This project is a turnkey project to construct a 400-kilovolt (kV) underground power grid to connect with a new substation being built in the Al Jasra area in the northwest of Bahrain. The turnkey power grid project refers to a method that supplies all materials such as ultra-high voltage cables and accessories, and performs the entire process including power grid design, laying, connection, and testing.
Daehan Electric Wire & Cable is laying ultra-high voltage cables in the Middle East. /
[Photo by Daehan Electric Wire & Cable]
Through this contract, Daehan Electric Wire has entered the Bahrain market for the first time. It is a case of successfully pioneering the market through a turnkey project, which has a high technical difficulty and requires project execution capability, thus creating a high entry barrier. The company explained that it can gain a competitive edge in power infrastructure improvement projects and renewable energy projects such as solar and wind power being carried out in Bahrain.
Daehan Electric Wire evaluated that its achievements accumulated over more than 50 years of supplying cables in the Middle East were the background for winning the contract. It also explained that it has completed numerous ultra-high voltage projects in the Middle East, including Kuwait and Qatar, and has been recognized for its execution capability by power authorities in each country.
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A Daehan Electric Wire official said, "Bahrain is a market with abundant growth potential even in the Middle East," adding, "We will devote all our efforts to expanding the market by using this project as a stepping stone." He also added, "We will strengthen our competitiveness in winning contracts by utilizing the networks and production bases we have built so far."
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