Construction engineering company, Larson & Toubro commonly known as L&T bags the tender for 5 million smart meters issued by Energy Efficiency Services Limited (EESL).
Abid Hasan
In a statement, EESL said that the company has been selected through an international competitive bidding and they quoted the lowest price of Rs 2,722 per single-phase smart meter. It can be pointed out that, L&T’s price is around 50 per cent lower than the current market rates.
This is the world’s largest tender for 5 million smart meter procurement. 4 million smart meters will be installed in Uttar Pradesh and 1 million in Haryana.
The smart meters will help these states in not only significantly reducing their AT&C losses by way of increased billing efficiency but will completely change the way in which electrical energy is presently being consumed and paid for by the consumers. Installation of these smart meters along with its associated communication and IT infrastructure will enable the DISCOMs to obtain real-time energy consumption data of each consumer for subsequent analysis.
EESL said, “The meters are being procured for implementation of smart grid projects in Haryana and Uttar Pradesh since these states grapple with huge AT&C losses, with the latest figures for both states being 28.42 per cent and 34.36 per cent respectively. The smart meters will help these states in not only significantly reducing their AT&C losses by way of increased billing efficiency but will completely change the way in which electrical energy is presently being consumed and paid for by the consumers.”
EESL is procuring the smart meters and services of the system integrator with 100% investment and the Utilities will make zero-investment. The repayment to EESL will be through savings resulting from enhanced billing efficiency, avoided meter reading costs, etc. It is said that the average cost of meter reading is Rs. 40 per meter, which will be completely avoided.
Around 14-metre manufacturers had participated in the bidding process which took place on Monday, October 9th, 2017. Genus Power and KEONICS emerge as second and third lowest bidders.
