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Network Tasman considers 20M SmartCo investment

posted Aug 22, 2011, 10:46 PM by ema-1 ema-1
"Chairman Ian Kearney confirmed Network Tasman was undertaking a feasibility study into joining SmartCo, a consortium of 14 lines companies which wants to spend $200m around the country putting in electronic meters equipped with Home Area Network (HAN) radios capable of wirelessly controlling and communicating with smart home appliances"

"There are economies of scale in buying and reinstalling metres, so Network Tasman is looking at taking that meter ownership position in the Tasman region where retailers are looking at getting out of the meter business"