South Korea’s Taihan Cable & Solution Co. (Taihan Cable), has received a $68.6 million order for extra high-voltage cable for use in Britain.

Per a Yonhap News Agency report, Taihan Cable was awarded the deal from Balfour Beatty plc, a London-based infrastructure construction contractor, to supply 400 kV high-voltage cables and cable accessories for a cable replacement project in the eastern part of Britain. The amount of cable was not specified, but the report said that it will help the company win additional cable orders in Europe where countries are expected to increase their investments in the power grid infrastructure to achieve their carbon neutrality targets.

In November 2023, Taihan Cable signed a memorandum of understanding (MoU) with the British firm for partnership in the power transmission and distribution business. The deal is part of their initial agreement. Under the MoU, the two companies agreed to jointly participate in $270 million worth of cable installation and replacement projects scheduled through 2030 in Britain, the release said.

Since the MOU was entered, Taihan Cable has been chosen for other projects with Balfour Beatty. Those include a $75 million 420kV high-voltage power grid project in Sweden in December 2022 and an additional $27 million 400 kV high-voltage power grid project in the U.K.

Taihan, which was established as the first electric wire company in South Korea, is a member of the Hoban Group