RIO DE JANEIRO, SPAIN: Brazilian electricity utility Light today announced the formal agreement of the largest smart grid project in South American history, in partnership with global energy management pioneer Landis+Gyr.
Valued at approximatelyR$750 million ($313 million), the five year contract covers the supply, implementation, operation and maintenance of Landis+Gyr's best-in-class Gridstream smart grid solution. The collaboration also includes deployment of 1.1 million endpoints, comprised of advance SGP+M anti-tampering meters and automation of power vaults and reclosers.
With over R$400 million investment in its distribution system last year alone, the contract is part of Light's ongoing effort to improve the efficiency and reliability of its electricity grid.
The new intelligent, Gridstream network offers improved measurement and automated management functions on a single secure platform, and will also facilitate adoption of electric vehicles and wind and solar micro-generation technologies.
As a result of the project Light will be able to take advantage of enhanced monitoring and control points throughout its network, helping to reduce commercial losses. In the future the utility also hopes to provide its customers with greater pricing options and more information on their energy consumption patterns, helping them to manage their usage more efficiently.
"The goal of Light is to provide an intelligent electricity network to 1.6 million consumers, equivalent to around 40 percent of our total customer by 2018,"said Paulo Roberto Pinto, president of Light.
Marcelo Machado, general director of Landis+Gyr South America, said, "As the first major South American deployment of a smart grid and smart metering system this is a landmark announcement, which will demonstrate to utilities and consumers firsthand the tangible cost, safety and user-experience benefits that come with smart energy."