S. Korea’s LS Industrial wins $67m Deal

By John Lee.

South Korea’s LS Industrial Systems has won a $67-million deal to build power distribution control centres for the Iraqi government.

Under the deal with the Ministry of Electricity, the company will build seven distribution control centers across the country by early 2015.

According to the report from Electric Light and Power, the centres will use a smart grid technology that enables more efficient power management.

“Following the successful completion of the projects, (the company) aims to invigorate the local market as well as strengthen overseas expansion,” said a company official in charge of smart grid technology.

In November 2011, the company won a deal to install 85 electricity sub-stations.

(Source: Electric Light and Power)

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