Nuri Telecom Wins 14 Billion KRW AMI Project from Ethiopian State Power Company

Opportunity to Expand AMI Business Across Africa
Turnkey AMI Contract Secured for High-Voltage Customers in 11 Regions of Ethiopian Electric Power Corporation
Expansion Across Africa with East Africa Project Following South and West Africa Contracts

[Asia Economy Reporter Hyungsoo Park] Nuritelecom, a specialist company in IoT-based intelligent metering solutions (AMI), announced on the 17th that it has won a 14 billion KRW electric AMI project tendered internationally by Ethiopia's state-owned power company (EEU).

By expanding into Ethiopia in East Africa, following South Africa in Southern Africa and Ghana in West Africa, Nuritelecom has established a foothold to conduct AMI business across the entire African continent.

Nuritelecom secured the project, funded by the World Bank, through a turnkey contract covering system design, delivery, and construction. The company will supply products including smart meters, communication modems, Head-End Systems (HES), and Meter Data Management Systems (MDMS). The electric AMI system will be built for 50,000 households across 11 regions in Ethiopia.

Based on its track record of supplying AMI systems to 46 power companies including Korea Electric Power Corporation, Sweden, Norway, Ghana, and Vietnam, as well as over 20 years of accumulated expertise in the AMI field, Nuritelecom participated as the main contractor in the international bidding project of Ethiopia's state-owned power company.

Ethiopia has a population of 110 million, making it the second most populous country in Africa after Nigeria.

The project Nuritelecom won is part of Ethiopia's two-phase national economic development five-year plan, involving large-scale infrastructure construction such as state-owned industrial complexes, railways, roads, and ports. Due to rapidly increasing power demand, an AMI system will be established to efficiently manage electricity usage.

CEO Youngduk Kim stated, "Despite many restrictions on overseas sales activities due to the COVID-19 situation, we participated in the international bidding and won the first AMI system construction project ordered by Ethiopia's state-owned power company." He added, "This has created an opportunity to expand the AMI business throughout Africa."

This content was produced with the assistance of AI translation services.