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Energy management firm Landis+Gyr said it will implement South America's largest smart grid project in a 750mn-real (US$313mn) deal with Brazilian utility Light.
The agreement covers the supply, implementation, operation and maintenance of Landis+Gyr's Gridstream system, the Switzerland-based firm said in a release.
"Gridstream 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," Landis+Gyr said.
The contract includes the installation of SGP+M anti-tampering meters and automation of power vaults and reclosers.
"The goal of Light is to provide an intelligent electricity network to 1.6mn consumers, equivalent to around 40% of our total customer by 2018," Light president Paulo Roberto Pinto said.
According to Pinto, the project will reduce commercial losses by providing enhanced monitoring and control points.
"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 release added.
BNamericas will host its 11th Southern Cone Energy Summit in Lima, Peru, on November 12-13. Click here to download the agenda.