Africa (PRWEB UK) 7 August 2013
Smart-metering has seen a sharp rise in investment across the African continent. Smart-Metering allows companies to monitor energy consumption, cope with rising energy demand and monitor energy theft, amongst other things. Foreign investors have been quick to spot Africa's smart-metering potential. Hexing Electrical Company Limited, a Chinese Electricity giant, has partnered with Momas Electricity Meters Manufacturing Company Limited (MEMMCOL), a Nigerian Metering and Technological Solutions Company. Having so far invested $18 million, Momas hopes to invest $50 million to serve Nigeria's metering demand, with an estimated metering gap of 2 million.
According to Navigant Research, Smart-Metering will total $461 billion in accumulative revenue in just the next seven years, reaching $73 billion in annual revenue by the close of 2020. African nations, like Nigeria with a population of over 167 million, offer a huge consumer market.
“With high growth rates projected for smart grid projects in emerging market countries, this represents the next frontier of vendor activity and opportunity. [...] Many of the larger players already have a presence in emerging markets and view these countries as their next avenue for growth. But a more limited number of these vendors have actively developed smart grid projects in emerging markets and in many cases overall development is still nascent.”
On 25-26 September this year, national and international business leaders will be meeting in Cape Town, South Africa, for the Utilities, Smart-Metering & Grids Africa Summit. The 2-day event will allow industry professionals of the Electricity, Gas and Water Metering sectors to strengthen industry ties and seek out new business opportunities with a 2-day multi-streamed Conference, Exhibition, Networking Party and one-on-one Business Match-Making Service. Keynote speakers will discuss the most topical issues and the future of African metering. News of the latest opportunities, a wide-range of case studies on the latest developments in metering, billing and customer management presented by African Utilities, and case studies of the UAE, Kenya, South Sudan and Madagascar, amongst others, will also be available.
Sicelo Xulu, Managing Director, City Power (South Africa), Rojas Manyame, General Manager: Regulation, Electricity Control Board (Namibia) and Sam Amadi, Chairman, Nigerian Electricity Regulatory Commission (Nigeria) are just some of the top-level speakers that will be presenting at the event.
To register or for further information on the 2013 Africa Utilities, Smart Metering & Grids Summit, 25-26 September, Cape Town, please contact:
1. Xinhuanet 24/08/2012 http://news.xinhuanet.com/english/world/2012-08/24/c_131806195.htm
2. Smart Planet 21/06/2013 http://www.smartplanet.com/blog/bulletin/smart-grid-market-to-reach-73-billion-by-2020/22438
3. Research and Markets February 2013 http://www.researchandmarkets.com/reports/2556834/emerging_markets_smart_grid_vendor_analysis