Indian smart meter company IntelliSmart Infrastructure Private Ltd will install more than 600,000 smart meters in the northeastern state of Assam.
This award is the first smart meter project in India to be competitively bid on a TOTEX basis, i.e. CAPEX + OPEX, and the installation will be delivered to 19 circles (districts) in Assam.
IntelliSmart, a joint venture of the government’s National Investment & Infrastructure Fund and Energy Efficiency Services Ltd, becomes the first company in the smart metering segment to run the program in this region of India.
IntelliSmart operates on a build, own, operate and transfer (BOOT) model and will maintain the advanced metering infrastructure system for a total contract period of approximately nine years.
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The project will be undertaken in Nagaon, Morigaon, KANCH, Cachar, Badarpur, Jorhat, Golaghat, Sibsagar, Dibrugarh, Tinsukia, GEC-I, Kokrajhar, Bongaigaon, Barpeta, Rangia, Mangaldoi, Tezpur, North Lakhimpur and GEC-II circles of Assam .
âIt’s a proud moment for us as we secure the country’s very first smart meter project through competitive bidding,â said Anil Rawal, Managing Director and CEO of IntelliSmart, of the victory.
He adds that this involves an investment of around 500 Crs ($ 67 million) in the state to enable smart metering in prepaid mode and would usher in the transformation of electricity distribution in Assam through the process of digitization.
“We will continue to commit to Assam for smart meters and other state digital initiatives to help Assam be at the forefront of the country’s energy map.”
Smart meters are expected to create systemic improvements in the efficiency of the financial and operational health of Indian distribution companies, as well as empowering consumers by giving them control of consumption according to their capacity and needs, as well. than by increasing transparency by providing regular data on their consumption.