KT Corp. to modernize electricity accounting system in Uzbekistan
11/05/2015 13:50
KT Corp. to modernize electricity accounting system in Uzbekistan
11/05/2015 13:50
Tashkent, Uzbekistan (UzDaily.com) -- South Korean company Korea Telecom Corp. (KT Corp.) won a tender for modernization of the system on electricity accounting in three regions of Uzbekistan with the cost of US$101 million.
Korea Telecom said that it signed a contract with the state joint-stock company Uzbekenergo for modernization of the system on electricity accounting in Bukhara, Jizzakh and Samarkand regions.
KT Corp. won the tender, which was announced in April 2013, on creation of automated system of control and accounting electricity consumption.
Within the contract, KT Corp. will install 1 million electricity meters based on two-side communication technology and create automated system of control and accounting electricity consumption in three regions. The project will be implemented within 28 months.
The project with the cost of US$207.4 million is financed due to loan of the Asian Development Bank (ADB) at the size of US$150 million and own resources of Uzbekenergo. The Uzbek side will create necessary infrastructure, while the Korean side will implement technical part.
Uzbekenergo is planning to implement project on introduction of the automated system of control and accounting electricity consumption in all regions of Uzbekistan and Tashkent city by the end of 2017. The project cost is US$802 million and envisages introduction of system on data accounting, billing system, communication system and installation of 5.68 million electricity meters.
The programme will be financed due to loans of the international financial institutions for US$584 million, own resources of Uzbekenergo and the Government of Uzbekistan for US$218 million.
Currently, Uzbekistan attracted a loan of the World Bank for US$180 million to implement similar project worth US$246.4 million in Tashkent city, Tashkent and Syrdarya regions. Uzbekistan is also planning to attract resources of the Islamic Development Bank.
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