Brasilia, Brazil --- (METERING.COM) --- May 3, 2011 - At a meeting last week Brazil’s minister of Mines and Energy Edison Lobão said the cost of deploying a smart grid across the country is expected to be between R$15 billion and R$20 billion (US$9.4 billion to US$12.6 billion).
Lobão said that a working group comprised of representatives of the ministry and the industry is still working on a study on the feasibility and cost assessment of smart grid for Brazil.
“It’s a revolution that is taking place in the world,” said Lobão. “With this system, consumers can better manage their energy consumption and also sell surplus energy to the network.”
At the same meeting a further study was announced to evaluate whether a smart grid should be deployed country-wide or only in certain states.
A working group was also announced to evaluate the possibility of requiring a minimum local content in investments in the power sector.