Itron, Inc. has announced 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.
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.