- KT's Smart Energy Meters to Be Installed in 360,000 Uzbek
Households -
- Energy Cooperation in Uzbekistan
to Springboard KT for Eurasian Markets -
SEOUL, South Korea,
Oct. 19, 2018 /PRNewswire/ -- KT
Corporation (KRX: 030200; NYSE: KT), South Korea's largest telecommunications
company, has won a key energy contract for a second time in
Uzbekistan, further affirming the
company's vision of becoming a global leader in information and
communication technology (ICT).
The 30 billion won contract will
see smart energy meters installed in 360,000 households throughout
Uzbekistan over the next two
years. KT formerly signed a deal worth 120
billion won (US$106 million)
with Uzbekenergo, a state-run power company in the central Asian
country, in 2015.
Based on KT's successful cooperation in Uzbekistan's energy sector, the Korean telecom
leader plans to expand its business there beyond telecommunication
services to convergence projects, including smart cities, fintech
and digital healthcare, in collaboration with domestic small and
midsize enterprises.
"This project shows KT's success in building trust in
Uzbekistan with our technological
excellence," said Yoon Kyoung-Lim,
head of KT's Global Business Office. "With the experience and
know-how gained in Uzbekistan, we
will accelerate our efforts to introduce our smart meter system
throughout Eurasian markets."
KT installed its smart energy meters in 1 million Uzbek
households throughout the three provinces of Samarkand, Jizzakh and
Bukhara as a result of the first contract.
Smart energy meters are electronic devices that record
electricity consumption and have a two-way, real-time communication
feature between the power company and its customers. Households
that have smart energy meters are able to monitor their real-time
power usage and view online billing, increasing efficiency and
effective energy consumption.
"KT has successfully carried out its smart meter project since
2016, achieving satisfactory outcomes in effective energy
management in Uzbekistan," said
Ulugbek Mustafoev, chairman of Uzbekenergo. "We have asked KT to
continue to cooperate in building an integrated smart meter system
for the entire country."
Kwon Yong-Woo, South Korean
ambassador to Uzbekistan, said
that he hoped KT's business in Uzbekistan would expand to a diverse number of
fields in ICT, building on the company's sustained success
installing smart energy meters.
MEDIA CONTACTS
For inquiries, please contact our Foreign Media Relations Team
at kt.fmrt@gmail.com
ABOUT KT CORPORATION (KRX: 030200; NYSE: KT)
KT Corporation, Korea's largest telecommunications service
provider reestablished in 1981 under the Telecommunications
Business Act, is leading the era of innovations in the world's most
connected country. The company leads the 4th industrial
revolution with high speed wire/wireless network and innovative ICT
technology. After installing 20 million fixed lines in just 12
years, KT was the first telecom provider to introduce 5G
broad-scale trial service in 2018. It is another step in KT's
continuous efforts to deliver essential products and services as it
seeks to be the No.1 ICT Company and People's Company.
For more information, please visit our English website at
https://corp.kt.com/eng/
Photo -
https://mma.prnewswire.com/media/771927/KT_Uzbek_Photo.jpg