A new report by Innovation Observatory, more than $378 billion will be collectively invested in building electricity smart grids by 2030. Sources: Http://Xrl.Us/Bii2sf http://xrl.us/bigqfh

Monday, February 12, 2007

BPL Global gears up for MENA regional expansion at the upcoming Middle East Electricity Conference

February 11 - 2007

BPL Global™, Ltd., part of Kuwaiti investment group Al-Deera Holding's (Listed in the Kuwait Stock Exchange) portfolio of companies, and an international leader in 'Smart Grid' technologies and broadband services over power lines (BPL), will be exhibiting at the Middle East Electricity Exhibition and Conference.
The group will be meeting with leading electric utility executives to establish new relationships for early adoption of their unparalleled Smart-Grid technologies to improve energy efficiency, increase service reliability, automate processes, reduce operating costs, improve capital productivity, introduce innovative billing and achieve bottom line savings, in the GCC and surrounding regions.

'BPL Global's expansion into to the Middle East North Africa is aligned with IFA consortiums and Al-Deera Holding's strategic vision to bring advanced technology to major infrastructure projects in the Middle East and around the world,' said Mr. Abdulwahab A. Al-Nakib, Chairman and Managing Director of Kuwait-based Al-Deera Holding Company. 'Through strategic joint ventures and partnerships with strong players in the region, BPL Global can accelerate implementation of their innovative Smart Grid solutions.'

'BPL Global's Smart Grid technology brings important advances to distribution automation,' said Mr. Khaled El-Marsafy, General Manager of Al-Deera Holding Company. 'Implementing these technologies will help utilities in the Middle East provide the quality, reliability and efficiency of power required for a digital economy.'


'The Middle East is an integral part of BPL Global's strategic growth plans and we are delighted to introduce our Smart Grid technologies and applications to the local market. Our technologies and unique applications are particularly well suited for the local environment and we are excited by the joint venture and other partnership opportunities that we seek to develop at the conference,'


added Mr. Keith Schaefer, Chief Executive Officer of BPL Global.

BPL Global is on the lookout to further form joint ventures and partnerships with utilities and Internet service providers (ISPs) within the Middle East, providing data, voice and eventually video broadband services over power lines to multi-occupancy buildings and consumers, while ensuring heightened reliability and efficiency of utility grids through Smart Grid initiatives. Smart Grid applications include demand and load management; outage management; grid monitoring and device control; as well as energy theft prevention.

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