Itron to Support Efforts to Modernize Electrical Distribution System in Bangladesh with Advanced Metering Infrastructure [Yahoo! Finance]
Itron, Inc. (ITRI)
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Source: Yahoo! Finance
LIBERTY LAKE, Wash., April 10, 2024 BUSINESS WIRE )--Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that Bangladesh Rural Electrification Board (BREB), a government organization and the largest power distributor in Bangladesh, has selected Itron to provide its Advanced Metering Infrastructure (AMI) solution as the foundational technology to build a more resilient grid. This project supports a sustainable future in Bangladesh by helping to modernize BREB's distribution system. Included, BREB can empower its customers through greater visibility and control over their energy usage. Working together with Itron channel partner SQ Wire and Cable Co. Limited, BREB will install 500,000 smart pre-payment metering devices with Itron network interface cards, enabling automated meter reading, improved billing accuracy and reduced system losses. Additionally, its customers will benefit from time-of-use tariffs and detailed
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