L&T bid is lowest for EESL’s smart meters tender -Governance Now

L&T bid is lowest for EESL’s smart meters tender

EESL’s tender is the world’s largest single smart meter procurement

GN Bureau | October 10, 2017

#PSU #EESL #L&T #smart meters #Uttar Pradesh #Haryana

Larsen & Toubro (L&T) has emerged as the lowest bidder of the tender issued by Energy Efficiency Services Limited (EESL), a joint venture company of ministry of power’s PSUs to procure 50 lakh smart meters. It quoted the lowest price of Rs 2,722 per single phase smart meter.

The smart meters will be installed over a period of three years in a phased manner in Uttar Pradesh and Haryana. A total of 40 lakh smart meters will be installed in UP and remaining 10 lakh in Haryana.

Smart meters are a part of the overall advanced metering infrastructure solutions (AMI) and aimed at reducing energy consumption during peak hours. The overall AMI solution will also have a system integrator which will be responsible for meter installation, data storage on cloud, preparing dashboards, etc.

The tender floated by EESL is the world’s largest single smart meter procurement. Fourteen leading manufacturers globally participated in the tender. The price quoted by L&T is 40-50 percent lower than the current market rates, a PIB release said.

The meters are being procured for implementation of smart grid projects in Haryana and UP since these states grapple with huge aggregate technical and commercial (AT&C) losses. The AT&C losses of Haryana is 28.42 percent while it is 34.36 percent for UP. 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.

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