Investment in Smart #Transmission and #Distribution Technologies in APAC are on the rise
Governments across the Asia Pacific region are seeking to invest heavily in smart grid technologies. Forecasts for investment in smart grid transmission and distribution technologies in Asia Pacific are forecast to a rise to a cumulative of $123 billion according to a recent report from Pike research. The report outlines that revenue from transmission upgrades will total $93 billion between 2010 and 2017 alone with Asia smart transmission and distribution investment over this period is forecast to represent 72% of all APAC smart grid investment.
Transitioning to a smart grid is seen as a key goal of national energy policy by governments in China, Japan, South Korea, India, and other APAC nations.
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Transmission & Distribution World Asia 2012 will be held in Singapore 16-19 April this event will bring together transmission and distribution companies to discuss strategies in grid modernisation and asset maintenance to ensure reliability and efficiency whilst reducing long term costs.