Ventyx, an ABB company, signed deals valued at $6.5 million with the primary state-based organizations responsible for operating Ecuador's transmission grid.
Transelectric, the utility operating Ecuador's transmission grid, and Ecuador's National Energy Control Center (Cenace), which manages the Ecuadorian wholesale electricity market, will upgrade to the latest Ventyx solution for energy management and wide-area monitoring to optimize the country's generation and transmission network assets.
The move is in response to a new national smart grid policy established by the Ecuador Ministry of Electricity and Renewable Resources, which requires the country's utilities to establish power grid operation and optimization strategies to support the modernization of Ecuador's electricity assets and services.
The project will allow for supporting the grid's expansion under the all-important Program for Regional Power Integration that covers interconnections between Ecuador, Peru and Colombia.
The agreement, which includes long-term service, maintenance and support, will enhance the safety, efficiency and reliability of the country's power transmission network — improving power access for its 15 million citizens now and well into the future. Transelectric and Cenace will also receive 24/7 software support from Ventyx over a multi-year term, as well as maintenance to keep Ecuador's transmission platform up to date with the latest technology standards.
Furthermore, the contract will enhance interactions between Transelectric and Cenace by upgrading both to the same version of Ventyx software — allowing each system to provide emergency backup support to the other as needed.