POWERGEN India

Co Located Indian Utility Week       DISTRIBUTECH India

5-7 May 2020
IECC, PRAGATI MAIDAN
NEW DELHI, INDIA

Industry News

hero

14 Oct 2019

Joint venture to increase utility revenues by 1,1 billion Indian rupees

Nicholas Nhede
Image credit: Stock
A new partnership has been created to install more than 250 million smart electric meters and increase utility revenue by ₹1,104 billion ($15.4 million) across India.

The smart meters will be funded, installed and operated by IntelliSmart Infrastructure Private Limited, a new joint venture company formed by the State agency Energy Efficiency Services Limited (EESL) and the National Investment and Infrastructure Fund (NIIF).

The establishment of IntelliSmart forms part of efforts by the Indian government and EESL to install 250 million smart meters.

To date, EESL has installed more than 625,000 smart meters.

The smart meters will help India to develop a smart grid, reduce consumer power outages, address challenges evolving from the energy mix and improve billing efficiency.

Saurabh Kumar, managing director at EESL, said: “India has embarked upon a mission to reduce AT&C losses; proven world over for enabling universal, transparent and responsible energy consumption, and smart meters can play a central role in enabling such an endeavour. We are proud to have an established and experienced institution like NIIF partner with us in scaling our ongoing efforts to transform the market for this technology and to accelerate its application across the country. This venture will support the ambitions of ongoing government programmes, such as UDAY and National Smart Grid Mission.”

Sujoy Bose, CEO at NIIF, added: “IntelliSmart will support the efforts of the Indian power sector as it strives towards delivering dependable 24/7 service to end-consumers. Smart meters will play a transformational role in bringing efficiencies and generating significant commercial benefits for power distribution companies, while at the same time empowering end-consumers to make informed choices regarding power consumption. We are delighted to partner with EESL, which has a proven track record of driving energy efficiency by operating at a substantial scale through its strong relationship with all stakeholders.”

..............................................................................................................................

This news is brought to you by our Official Supporting Media, Smart Energy International

View all Industry News
Loading
What our clients say...

What our clients say...

  • POWERGEN India & Central Asia covers generation, transmission, distribution and utilization of power in their conventional and futuristic formats, in the perspective of environment and economics, shifts in government policies and regulatory framework... It is a “Must Attend” annually for everyone associated and concerned with power and energy
    P.K.Patnaik
    Ardeeg Project Ventures Pvt. Ltd