LSIS Inks $52m Smart Metering Deal

By John Lee.

Korean company LS Industrial Systems (LSIS) said on Wednesday that it has signed a $52 million deal with the Iraqi government to supply its patented advanced metering infrastructure (AMI) solutions.

The company will supply 110,000 smart meters that track energy consumption at power transmission centers in Iraq. The transmission centers will then share all relevant information with the power distribution control center to simplify smart grid management. LSIS will also build 19 AMI centers across the country.

According to a report from the Korea Times, the deal brings the company’s total business dealings in Iraq to $500 million since 2011, most of it in power plant contruction.

“The latest achievement means that LSIS can supply integrated electricity solutions in all related areas other than power development in Iraq,” said spokesman Kim Bong-kyu.

(Sources: Korea Times, Korea Joongang Daily)

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