Siemens seeks big play in Mexico’s smart grid

Siemens seeks big play in Mexico’s smart grid

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German engineering and technology giant Siemens aims to be the largest smart grid developer in Mexico, by taking part in a government program to install nearly 1.8 million digital metering systems. The task implies a US$ 324 million investment.

Siemens already installed 226 thousand devices on Morelos state and some sectors of Mexico City, company officials revealed to El Financiero.

The Mexican Federal Electricity Commission (CFE), who owns and operates Mexico's power grid, is on a quest to reduce energy loses, currently on a 13 percent level, according to the state owned monopoly.

The smart grid will allow CFE to get a better lecture on every house, factory and business connected. The company expects to reduce waste on a 1% pace every year.