KT To Light Vietnam with Smart Energy.

 

Korea Telecom Group (KT)said on July 6 that it had started construction of a solar power system for 44 villages in Quang Binh Province, Vietnam.

Sponsored by the Korean government’s Economic Development Cooperation Fund, the project was launched six months after the Quang Binh Province’s People Committee had selected KT as the builder of the system in Jan.

Quang Binh Province, located over 1,000 meters above sea level, has been suffering from a shortage of electricity, as its mountainous geographical conditions have prohibited the establishment of the traditional transmission and distribution cable networks for power supply.

Under the circumstances, KT plans to set up solar power facilities and complete the system by 2017 so that some 1,300 households and public organizations in the province can be provided with a stable electricity.

“Vietnam is suitable for eco-friendly solar power generation, since 70 percent of Vietnamese land is mountainous. In particular, minorities in Vietnam, comprising 13 percent of the total Vietnamese population, live in the mountainous areas and experience the electricity shortages,” said provincial Governor Nguyen Huu Hoai, adding, “We hope to expand our partnerships with KT to trigger such an energy problem.”

“We are very pleased to have the opportunity to stably supply environmentally-friendly and high- quality electricity for the residents by establishing the solar power generation system,” said Lim Tae-sung, the head and managing director of KT’s global business.

Meanwhile, KT is expanding its presence in the global smart energy system market. In May, the company signed a US$110 million deal with the Uzbekistani government to install remote-control electric readers for some 1 million houses in its three major cities by 2017.

Nguyen Huu Hoai and Lim Tae-sung

Originally from Business Korea

Author: Darvin Tocmo

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