Cagayan de Oro City news- After announcing that Cagayan de Oro Electric Power and Light Company (CEPALCO) is first electric company in the country to use solar power and will have their new office building soon located at masterson’s avenue, uptown Cagayan de oro.
Now, the US Trade and Development Agency (USTDA) has awarded a grant to Cagayan Electric Power and Light Co. Inc. (Cepalco) for the conduct of a feasibility study on smart grid technology.
“As smart grids are among the most effective solutions for distributing and consuming power, USTDA is pleased to support Cepalco’s smart grid goals,” USTDA Director Leocadia Zak said.
The value of the grant was not disclosed. Both companies, however, signed an agreement in relation to the grant.
USTDA said the grant will fund a feasibility study to assist Cepalco develop a technical scope and implementation plan for an Advanced Metering Infrastructure (AMI) pilot project.
The study will consider the preliminary analyses—including technical, economic and financial—needed to develop the pilot project. The pilot project aims to install 2,000 smart meters and the supporting communications infrastructure in Cepalco’s franchise area.
By virtue of Republic Act 9284, Cepalco’s franchise area covers 65 barangays of the city of Cagayan de Oro and the municipalities of Tagoloan, Villanueva and Jasaan, all in the province of Misamis Oriental.
Cepalco’s ultimate goal is to implement smart grid technologies that can optimize its distribution services, increase power reliability and reduce electricity losses.
“It is vital to ensure that energy resources are distributed and consumed as effectively as possible, and that requires innovative technology solutions,” Zak added.
The smart grid innovation applies information technology to electricity transmission and distribution and infrastructure. The opportunity to conduct the USTDA-sponsored feasibility study will be competed through Federal Business Opportunities.
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