KSEBOA - KSEB Officers' Association

May 26th
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home News Power Sector News L&T Wins Bid For India’s Smart Meter Pilot Project

L&T Wins Bid For India’s Smart Meter Pilot Project

Hits smaller text tool iconmedium text tool iconlarger text tool icon

Smart meterEngineering conglomerate Larsen & Toubro Ltd. will supply 50 lakh smart meters in two north Indian states as it emerged as the lowest bidder in a global tender for a pilot project that is expected to help ailing power companies reduce billing inefficiency.
L&T quoted the lowest price of Rs 2,722 per single phase smart meter in a contract floated by Energy Efficiency Services Ltd., the government agency said in an emailed media statement. EESL will procure 40 lakh smart meters for Uttar Pradesh and 10 lakh for Haryana to be installed in a phased manner over three years, the statement added.

Smart meters can enable the government to reduce losses at state-owned power distribution companies which had a combined debt of Rs 4.3 lakh crore as of September 2015. Discoms in India lose money on every unit of power they sell due to electricity theft, insufficient billing and subsidies.
The average technical and commercial losses for state discoms is currently at around 25.3 percent. Haryana and Uttar Pradesh, where EESL will implement the smart grid, grapple with even higher transmission loss rates of 28.4 percent and 34.3 percent respectively.

Capable of two-way communication, smart meters record electricity consumption in real time, allowing consumers and power distributors to see how much is being used and its costs. “This means one can adapt the energy use and cut down on waste to provide financial savings to consumers,” said the media statement.
The price quoted by L&T was 40-50 percent lower than the market rates for smart meters, said EESL. The smart electric meter market is expected to cross $11 billion by 2024, according to Bloomberg’s Global Market Insights. Bloomberg New Energy Finance expects 1.5 crore smart meters to be installed in India by 2020. This would, however, still be lower than some Asian peers.
EESL, which is bearing all costs of this procurement, will also open a bid on October 31, for the system integrator of this project who will be responsible for meter installations, data storage on clouds and preparing dashboards, the statement added.
The smart grid projects are aimed at providing uninterrupted power supply. The Ministry of Power has allocated 14 smart grid pilot projects that will be implemented by state-owned distribution utilities.
Shares of L&T closed 0.14 percent lower ahead of the announcement, while the benchmark BSE Sensex ended trade 0.1 percent higher.

Source- Bloomberg


Add comment

Security code

Random Videos

You need Flash player 6+ and JavaScript enabled to view this video.
Title: Power Quiz 2015 Final - Part-1

Latest Comments


Reference Book


Reference Book on Power

Electrical Engineering-- D' 1/4 Size Hard bound-- 1424 Pages-- Just Rs.1000/- only &n...

Visitors Counter

mod_vvisit_counterThis Month114970
mod_vvisit_counterLast Month140412

Online Visitors: 71
Time: 08 : 22 : 20