An IT affiliate of South Korean LG Group has bagged a US$45 million deal to supply advanced metering infrastructure (AMI) systems to a Polish energy distributor in a bid to expand its reach into the European smart metering market.
Polish smart meter market
Tauron predicts that its demand for smart metering technology will reach 4.9 million units while LG CNS has stated that the Polish AMI market is worth around 1 trillion won (US$957 million).
Kim Ji-seop, a smart grid official at LG CNS, said: “Through successfully completing the project, we will not only accelerate our effort to enter the European power management industry, but also become the leader in the energy industry.”
Smart city deal
The deal follows the announcement in June 2014 that Tauron had signed a US$8 million deal with an IT and telecoms consortia including LG CNS for the design and installation of electricity smart meters using open smart grid protocol for use in the Smart City Wroclaw project.
The group comprising Polish IT company WorldIT Systems, LG CNS, Eltel Networks AS and Eltel Poland was awarded the contract after beating a bid from S&T Services Poland and Landis+Gyr.
The Smart City Wroclaw project, in the fourth largest city in Poland, began in 2013 and is due for completion in 2016.
It involves the installation of a complete advanced metering infrastructure.
Deployment of smart meters in Wroclaw is planned for the fourth quarter of 2014.