GlobalData
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Energy savings solutions provider Wasion Holdings has won significant smart meter contracts in Mexico and Tanzania, strengthening its international presence.
The Federal Electricity Commission of Mexico (CFE) has awarded Wasion Mexico a smart meter tender contract valued at more than 623.13m pesos.
In March 2025, Wasion Mexico also entered into a supply agreement with CFE worth more than 1.45bn pesos.
State-owned CFE is the primary entity in Mexico's electric power industry and caters to around 50 million customers. Wasion Group's cumulative smart meter contracts awarded by CFE have so far surpassed 2.08bn pesos.
In another strategic move demonstrating its commitment to global expansion, the Tanzania-based subsidiary of Wasion Group has been awarded a tender for smart meters by the Tanzania Electric Supply Company (Tanesco). The contract amount is approximately TSh61m.
Tanesco is Tanzania’s sole state-owned power company and serves around 15 million users.
Wasion Holdings chairman Ji Wei said: “We are honoured that Wasion Mexico has been recognised as both a trusted supplier to CFE and a leading brand in Mexico's power meter industry. Meanwhile, Tanzania will continue to serve as the Group’s business hub in East Africa, from which the Group plans to further expand its presence into Uganda, Kenya, Mozambique and other neighbouring countries.
"Looking ahead, the Group aims to maintain steady orders for power meters in Africa while actively developing new projects, including energy storage.”
Wasion’s products and services include advanced distribution operations, communication and fluid advanced metering infrastructure, energy efficiency solutions, power advanced metering infrastructure, smart distribution devices and smart distribution solutions.
Its products have major market share in the People's Republic of China and are exported worldwide to Asia, Africa, Europe and the US. The company currently serves various clients such as power grid companies, water, gas and heat providers, and other major industrial and commercial users.
"Wasion secures three smart power meter contracts" was originally created and published by Power Technology, a GlobalData owned brand.
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