The state-run Korea Electric Power Corp., the nation’s largest utility company, said Thursday it had inked a $3 million smart grid project deal in Dubai with Dubai Electricity & Water Authority.
It is KEPCO’s first entry into the Middle East as a smart grid solution provider.
Under the deal, KEPCO will build a smart grid station within the “Green Garage” building, operated by DEWA. The station will manage solar power generation and energy storage facilities, KEPCO added.
DEWA launched the pilot smart grid project with KEPCO as part of the “Smart City” project, launched by Sheikh Mohammed bin Rashid al-Maktoum, the ruler of Dubai, back in 2013.
If the pilot project is a success, the Arabian Gulf state will launch similar projects throughout the country, which will create more business opportunities for KEPCO.