CESI Middle East, a power systems consulting and testing company, has announced that it has been selected to develop a smart grid and metering strategy for Saudi Arabia.
The deal, awarded by Electricity & Co-Generation Authority of The Kingdom of Saudi Arabia, (ECRA) will see CESI develop policies, specification requirements and an implementation plan for a smart metering and advanced metering infrastructure.
The agreement is the first kingdom-wide project of its kind to be undertaken in Saudi Arabia and boosts the move towards renewable energy in the region, according to CESI - an Italian-owned engineering services company.
Commenting on this agreement, Floris Schulze, managing director of CESI Middle East, said: “This project is a very important step for the Kingdom of Saudi Arabia and the region in moving towards the global future of electricity and energy and the development and implementation of newer, more advanced technologies and innovations that will deliver sustainable solutions and cost-saving through energy conservation.
“Smart metering and smart grids are a growing trend across the region and deserve serious consideration and formulation of a strategic plan for their deployment,” he added.
CESI is already undertaking a feasibility study to determine the best electrical energy and gas trading scenarios to create a single energy market for 20 Arab states, commissioned by the Arab Fund, The company is als working on electricity projects to connect Saudi Arabia with Egypt and Yemen.
“The Middle East electricity market is forecasted to grow at an accelerated rate over the next few years due to higher consumption rates,” Schulze said.
“This results in the need for a successful implementation strategy that can bridge the gap between the supply and demand – a smart grid network makes for the ideal bridge where the goals of modernization can meet those of a reliable public infrastructure,” he added.