Daehan Electric Wire & Cable to Supply 50 Billion KRW Ultra-High Voltage Power Grid to UK Infrastructure Group

Collaboration with 'Balpoe Biti'
Establishment of 132kV Ultra-High Voltage Power Grid

Daehan Electric Wire announced on the 6th that it will supply ultra-high voltage power grids to the UK infrastructure group Balfour Beatty. The contract is worth approximately $38 million (about 50.8 billion KRW).

This project involves constructing a new 132kV ultra-high voltage power grid in northern England. It aims to stabilize power supply and expand transmission capacity by replacing aging overhead lines with underground cables.

Daehan Electric Wire signed a Memorandum of Understanding (MOU) with Balfour Beatty in November last year. Under the agreement, the two companies will jointly participate in bidding for power transmission and distribution network projects worth over ?220 million (about 373 billion KRW) in the UK by 2030. They also agreed to collaborate on technology sharing and product development.

Daehan Electric Wire is laying ultra-high voltage cables at a site in the UK.
[Photo by Daehan Electric Wire]

Shortly after the MOU, Daehan Electric Wire secured its first achievement by contracting a $27 million (about 36.1 billion KRW) project to build a 400kV ultra-high voltage power grid. This current project marks their second success.

The two companies plan to continue discovering business opportunities through close cooperation in the future.

A Daehan Electric Wire official stated, "Europe, including the UK, is a region with many opportunities for new power grid supply due to the expansion of renewable energy and increased electricity consumption. We will increase orders not only in Europe but also in regions with growing populations such as the US and the Middle East, as well as countries facing shortages of new power grids due to growth in artificial intelligence (AI) and semiconductors."

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