Daehan Electric Wire & Cable, Agreement to Expand Offshore Wind Power Business with Singapore MEO

Strengthening Synergy through Ship Deployment and Dispatch of Experts
"Expanding to Offshore Wind Power Projects Based on Trustworthiness"

Daehan Electric Wire announced on the 9th that it signed a Memorandum of Understanding (MOU) with MEO, a local marine business specialist company, during President Yoon Suk-yeol's state visit to Singapore.

A commemorative photo is being taken after the MOU signing ceremony. From the left, Song Jong-min, Vice Chairman of Korea Electric Wire; Ahn Deok-geun, Minister of Trade, Industry and Energy; Tan Si Leng, Second Minister for Trade and Industry and Minister for Manpower; and Darren Ang, CEO of MEO. Photo by Korea Electric Wire

On the 8th, Daehan Electric Wire, attending as part of the Singapore economic delegation, signed an MOU with MEO at the 'Korea-Singapore Business Forum' to cooperate in expanding offshore wind power projects. The MOU includes deploying Daehan Electric Wire's CLV (Cable Laying Vessel) Palos and MEO's vessels to offshore wind power projects in Southeast Asia and the Middle East, as well as considering the dispatch of specialized personnel.

Headquartered in Singapore, MEO is a global marine business solutions company operating 14 overseas branches. It owns approximately 120 vessels, including offshore wind support vessels and crew transport ships. Song Jong-min, Vice Chairman of Daehan Electric Wire, stated, "Based on the trust and competitiveness we have built through successfully executing ultra-large power grid construction projects in Singapore, we will continue to expand our business scope into the offshore wind power sector."

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