GE: Latin America will be major buyer of smart grid equipment

09/27/2011 | Bloomberg

Demand for smart grid equipment and other products that manage electricity consumption is expected to increase in Latin America during the next three years. Sales are projected to reach $1 billion by 2015, up from $100 million, says Roberto Vengochea, manager of General Electric's Sao Paulo office. Half of those sales will be in Brazil, he said.

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