With electricity demand expected to rise by 79 percent in the next 10 years, India is on a path of transforming its energy mix with innovation. Along with enhancing energy production, the nation also needs to cut Aggregate Technical and Commercial (AT&C) losses to below 12% by 2022, and below 10% by 2027.
Enabling India to achieve this imperative is the smart grid, the first step of which, is the creation of Advanced Metering Infrastructure. A new range of ‘smart meters’ can bring efficiency to how India manages its electricity, by checking data-entry errors and billing efficiencies, and cutting the costs of manual meter reading through web-based monitoring system.
With its pioneering role in India’s energy efficiency journey, EESL’s Smart Meter National Programme (SMNP) is working to eventually replace 25 crore conventional meters with smart meters across India.
By bringing standardized solutions based on the GPRS technology, these meters will ease integration in the sector, while cutting capital costs and boosting efficiency in billing and collection. Customers will also benefit from accurate bill readings, and real-time understanding of their electricity usage, catalysing a pan-India movement towards energy efficiency.
Our proven model of bulk procurement, aggregation of demand, and monetisation of savings will be the approach to roll out smart meters. This roll-out is proposed under the Build-Own-Operate-Transfer (BOOT) model, wherein EESL will undertake all the capital and operational expenditure with zero upfront investment from states and utilities. EESL will therefore, receive a nominal Internal Rate of Return that is reflected in a mutually agreed upon, automated payback structure.
In the larger scheme of things, the programme will holistically promote the Indian manufacturing industry while creating more direct and indirect jobs. The programme is expected to better billing efficiency by 75 to 100 percent while increasing the revenues of the utility companies to Rs. 1,38,100 crore.