Taihan Cable & Solution Co has signed a Memorandum of Understanding (MoU) with Singapore-based Miclyn Express Offshore (MEO) to enhance its offshore wind operations. The agreement was formalized during President Yoon Suk Yeol's state visit to Singapore, at the Korea-Singapore Business Forum held at the Ritz-Carlton Hotel.
The MoU, signed during an exchange ceremony attended by South Korea's Minister of Trade, Industry, and Energy Ahn Duk-geun, and Singapore's Minister for Trade and Industry Gan Kim Yong, marks a commitment between Taihan and MEO to collaborate on offshore wind projects. Taihan's vice chairman Song Jong-min and MEO chief executive Darren Ang were present for the signing.
MEO, headquartered in Singapore, operates 14 overseas branches and a fleet of 120 vessels, including those dedicated to offshore wind support. The partnership will focus on deploying Taihan's cable-laying vessel PALOS and MEO's fleet for offshore wind projects in Southeast Asia and the Middle East. Additionally, the companies will collaborate on personnel exchanges and joint project development in the offshore wind sector.
Vice chairman Song Jong-min stated, “With the trust and competitiveness we've built from successfully executing large-scale power grid projects in Singapore, we are now extending our capabilities into the offshore wind market. Through extensive collaboration with our partner, MEO, we aim to strengthen our global competitiveness as a total solutions provider in the offshore wind market.”
Earlier in the month, Taihan secured two contracts with Singapore Power, valued at KRW 840 billion, to supply and install 400-kV ultra-high voltage power grids.
