Daewoo E&C Signs MOU with Hanoi Power Corporation for Local Smart Power Meter Installation

Daewoo E&C THT Development CEO Angukjin (left), Hanoi Power Corporation CEO Nguyen Dan Duyen (center), and Bespin Global Vietnam CEO Kim Taeho (right) are signing the MOU for the AMI implementation pilot project and posing for a commemorative photo.

Daewoo E&C announced on the 8th that it signed a Memorandum of Understanding (MOU) for a pilot project to establish Advanced Metering Infrastructure (AMI) within Hanoi Starlake City with its local subsidiary THT Development, Hanoi Power Corporation under Vietnam Electricity, and cloud delivery platform company Bespin Global at the headquarters of Hanoi Power Corporation located in Hanoi, Vietnam.

This MOU was signed to introduce a pilot infrastructure equipped with AMI in certain blocks of Hanoi Starlake City, which Daewoo E&C is developing, to advance the system and thereby provide benefits through optimized power supply to users.

The AMI establishment project is a pilot project promoted by Vietnam Electricity under the directive of the Vietnamese Prime Minister’s Office, targeting two regions nationwide (one in Hanoi and one in Ho Chi Minh City) by 2025. It is expected to become one of the core technical standards related to power in Vietnam’s smart cities in the future by linking with the smart city data integrated management platform (THT-BESPIN SMART CITY HUB), which is currently being jointly built and operated by Bespin Global and Daewoo E&C’s Vietnam subsidiary.

Once AMI is established, it will enable monitoring of power usage and analysis of power consumption trends by hour, day, and month. In addition, based on real-time data, existing collected data, and weather forecasts, it will be possible to predict power consumption for residents, buildings, and the entire city, while also automatically supporting optimized power usage methods.

This MOU is significant in that a Korean private company supports a core platform for data collection, integration, and analysis, while a Vietnamese state-owned enterprise has established a collaborative system for open innovation.

Nguyen Danh Duyen, CEO of Hanoi Power Corporation, said, "By applying AMI-based smart city element technologies, we have been able to build a customer management ecosystem," adding, "We expect to improve customer satisfaction by conducting efficient customer management such as self-monitoring, daily power production monitoring, and self-calculation of electricity bills."

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