Date : 2017-12-01 10:37:23

UKRAINE WILL SUPPLY 1 MLN SMART METERS TO IRAQ – UCCI

KYIV. Nov 27 (Interfax-Ukraine) – Ukraine is negotiating with Iraq to supply 1 million smart meters, the press service of the Ukrainian Chamber of Commerce and Industry (UCCI) has said.
“Now the approval of this contract by the ministries is being completed and soon Ukraine will start deliveries,” the Iraqi head of the Iraqi-Ukrainian Business Council said.

According to the UCCI, Iraq,s total need for smart meters is 2 million units.
As reported, the Ukrainian manufacturer of meters NIK signed an agreement with the British CyanConnode to supply equipment and software for smart measuring systems for $29 million.
According to CyanConnode, within the order about 1 million sets of equipment and software will be supplied within three years. 

As payment for the equipment CyanConnode will receive $13 million, another $16 million will be received as payment for the use of software during ten years after the installation of finished products

NIK LLC (Kyiv) is one of the largest manufacturers of measuring instruments and automated systems for integrated energy resources accounting in Eastern Europe.