Madrid, Spain --- (METERING.COM) – July 25, 2011 - In the city of Castellón 90,000 smart meters have already been installed and virtually all the residents of the city now have access to this remote management and automation system.
In a function last week the chairman of Iberdrola, Ignacio Galán, also said the company has invested €22 million in the project so far and has created 120 jobs.
Galán, along with the regional finance, industry and trade minister, Enrique Verdeguer, and the mayor of Castellón, Alberto Fabra, presented the final stage of the company's project to rollout smart grid in the city.
Iberdrola will continue to roll out smart grid infrastructure throughout Castellón province, and has already commenced work in Alicante and Valencia.
Galán said the experience garnered in the rollout of smart grids has transformed Castellón into a global benchmark, with visits from power companies from France, Italy, Switzerland, the U.K. and the U.S.
The completion of this project “is a hugely significant milestone for the company because it underlines our unwavering commitment to technological innovation and service quality and clearly demonstrates our commitment to the development of this region,” said Galán.
Iberdrola has invested more than €4 billion over the last ten years in the Valencia region and will continue to invest at a rate of €400 million per year.