on smart grid development in Saudi Arabia
AEC, ICT Europe and Enel signed a Memorandum of Understanding (MoU) in Riyadh, Saudi Arabia, aimed at smart grid area implementation within the Saudi Arabia Kingdom and the Gulf Cooperation Countries (GCC), namely Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman.
With decades of experience in Advanced Meter Infrastructures (AMI) and great working relationships with regional electricity utility companies, Advanced Electronics Company (AEC) has joined forces with ICT Europe and Enel (having a field-proven technology and international expertise on Smart Metering and Smart Grids) to provide local capabilities in this evolving technology.
An MoU has been signed with a prime focus on delivering world class performance in smart grids and power distribution capabilities.
This collaboration is a response to the Saudi Arabia Kingdom's plan to embrace the smart grid technology. The energy trend today is moving rapidly towards integrated networks, which requires better management of assets, peak demand and better response to faults.
In addition to efficiency and reliability gains, smart grid technologies can attain easier integration of renewable energy sources, such as solar energy.
The potential efficiency gains and power distribution alternatives can also further strengthen the region's energy security as all GCC currently depend mostly on fossil fuels for their energy needs.
This MoU will support AEC to increase its technical footprint in the regional power distribution companies whilst enabling them to benefit from Enel's proven industrial expertise in the energy sector. This collaboration brings together local and international technologies in areas of Smart Grids, Advanced Metering Infrastructure, Network Automation, Distribution Management Systems and Smart Cities. Thus providing high value added operational services to help end customers and significantly improve operation efficiency.