Deal watch: South Korea’s LSIS bags world’s biggest AMI contract in Iraq

South Korean LSIS signed a deal worth KRW 53.6 billion (US$52.24 million) to build an advanced metering infrastructure in Iraq, making it the single largest AMI order in the world, the company has claimed.

LSIS has won an order for a project to construct an advanced metering infrastructure (AMI), a key smart grid technology, in Iraq.

LSIS announced its signing of the AMI project contract Beirut, Lebanon, on May 13, with LSIS Smart Grid Business Unit Executive Kim Jong-han and Iraqi Ministry of Electricity (MOE) Director General Waffi Muhammed Almayahi.

Under the agreement, LSIS will implement 19 AMI centers across Iraq with the application of advanced technologies such as meter data management (MDM), electricity bill, and customer relations management (CRM).

In addition, LSIS is set to supply 110,000 smart meters to substations and end users in Bagdad and designated areas in order to share information necessary for power operation with local data collection center.

The information will be comprehensively managed by a central control centre in an effort to provide smart grid-based sophisticated technologies for the management of power demand and the settlement of electricity bills.

LSIS competed in the bid against both local Iraqi and multinational companies.

From 2011 to 2013, LSIS won orders worth USD 444 million for Iraqi power infrastructure projects alone, bringing its cumulative orders (including this latest project) for three years to USD 500 million.

Kim Jong-han, the Head of LSIS’s Smart Grid Business Unit, said, “The Iraqi government is determined to adopt smart grids in its power infrastructure reconstruction projects from the long-term perspective.

The country is planning to install four million smart meters, and we have pledged to execute this project successfully in order to win follow-up orders for smart grid projects.”

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