Iljin Electric wins additional UK contract, pushing project total to record high

Iljin Electric announced Friday that it has secured an additional contract for extra-high-voltage underground transmission line construction as part of a UK offshore wind power grid expansion project.

The contract is valued at approximately 104 million pounds (about $132 million, or 187.1 billion won).

With the latest award, Iljin Electric's total contract value from the UK offshore wind power grid expansion project has reached 271.6 billion won. The company had previously announced an 84.5 billion won contract in July.

This marks the largest single cable project in Iljin Electric's history.

The newly added contract covers the construction of underground transmission lines connecting offshore wind complexes in the United Kingdom. Iljin Electric will now be responsible for the entire underground transmission line route, including the section secured earlier.

The company said the consecutive contract wins are expected to cement its position as a key partner in the UK's extra-high-voltage transmission market.

Earlier this year, Iljin Electric joined a long-term supply chain partnership framework with a major British power company overseeing the project — a sign, the company said, that its technology and reliability have been validated in a market known for high barriers to entry.

"Building on our extra-high-voltage technology and construction capabilities, we will work hard to actively pursue large-scale projects not only in the United Kingdom but across Europe, which is undergoing a major transformation of its high-voltage transmission networks," an Iljin Electric official said.