Brazil's power distribution sector will see investments in smart grid implementation of more than US$20bn, Nelson Fonseca Leite, president of the Brazilian power distributors association (Abradee), told BNamericas.
"The country has 56mn power consumer units in the residential segment. We will come to a point when all will be connected via smart grids. For the installation of such intelligent devices, companies will invest at least US$20bn on the operation," he said.
In January, Brazilian telecoms research and development firm CPqD said it will guide the IT and telecom elements of a strategy for changing the country's power sector to a smart grid.
Abradee and telecoms infrastructure group Aptel are responsible for the smart grid plan. CPqD is expected to take six months to prepare the report.
"All the major utilities in Brazil are already studying smart grid solutions. Authorities are also debating a new framework," Leite added.