Itron, Inc. ITRI announced today that, in collaboration with the
Edison Power Group, it received a major contract award from the City of
Johannesburg, the continent leader and economic hub of Africa with a AA-credit
rating from Moody's and Finch.
The engagement, which has a total contract value of approximately $150
million, will require Itron to supply its latest generation smart meters and
associated smart metering system, tying into the City of Johannesburg's stated
growth and development strategy to improve service delivery and efficiency
through network automation.
After an intense global search, Itron was identified by Edison Power Group as
the right partner to deliver the best solution for City Power. “Itron is proud
to support a leading utility like City Power in making the smart grid a
reality. We believe our technology provides the foundation for engaging
customers and complements the city's demand side management program,” said
Philip Mezey, president and chief operating officer of Energy for Itron.
Key to the solution will be the empowerment of City Power's customers,
allowing them to better manage their electricity usage and take steps to save
energy, as well as money on their utility bills. A further element is the more
pervasive application of the city's demand side management initiative. Central
to the entire project is a significant investment in black economic
empowerment, skills development and expanded localized support capacity. “We
have established a clear strategy and plan to develop skills and ensure local
sustainability. We are all in this for the long haul,” commented Sindi Mzamo,
chief executive officer of Edison Power Group.
The award was based on a thorough evaluation of the submitted bid and Itron's
proven field results in various similar solutions throughout the world. “It is
our assessment that the consortium offer of Edison Power and Itron provides
the right combination of local empowerment, world-class technology and proven
delivery performance to support the utility's future priorities,” said Sicelo
Xulu, chief executive officer of City Power.
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