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The Bidelek Sareak project, involving the installation of 407,179 smart electricity meters, the modification and modernization of 2,306 transformer substations, the smart modernization of two substations and new construction of a third, has placed the Basque Country as a leader in smart grids.
At a meeting held in Bilbao, an assessment was carried out of this project, developed jointly by the Basque Government (through its EVE energy agency) and Iberdrola for digitization of electricity distribution networks in the Basque Country. European and state regulations require all metering devices to be replaced by digital ones by 2018, but as they detailed, replacement has gone “above and beyond” and extensive digitization of network at all levels has been carried out. In addition, Iberdrola has purchased equipment worth 340 million euros from Basque companies as a result smart grid implementation in Spain.