Iljin Electric to Supply $40 Million High-Voltage Cables to New England, USA

[Asia Economy Reporter Junhyung Lee] Iljin Electric, a subsidiary of Iljin Group, announced on the 2nd that its North American branch has signed a contract worth 40 billion KRW to supply ultra-high voltage cables to a major power authority in the New England region of the northeastern United States.

This contract is part of a large-scale project to replace aging cables with 115-kilovolt (kV) ultra-high voltage cables to establish a stable power grid in the northern Boston area. Iljin Electric will supply the project on a full turn-key basis, including the removal of old cables, civil engineering work, installation of new cables, and system commissioning tests.

Previously, in 2016, Iljin Electric successfully completed a new cable replacement project with the same power authority. The company explained that this re-contract was significant as it was based on Iljin Electric’s technological expertise and trustworthiness.

In February of this year, Iljin Electric also exported a 500kV transformer to the Ohio power authority, expanding its market share in the ultra-high voltage power sector in the Americas. Iljin Electric is the only company in Korea that manufactures ultra-high voltage cables, ultra-high voltage transformers, and circuit breakers together.

Hwang Soo, CEO of Iljin Electric, stated, "With our advanced technology and quality reliability in the ultra-high voltage power sector, we will successfully carry out major power grid construction projects in the United States," adding, "We will expand our orders for large turnkey projects in overseas markets."