Indian utility Vidyut Vitran Nigam (JVVNL) has ordered some 430,000 smart meter modules from CyanConnode.
The contract relating to two projects, which had been delayed, has now received the necessary approvals to resume the implementation.
CyanConnode initially received the order from JVVNL in September 2018.
The order was worth over INR 1 billion ($13.2 million) and included the supply of Omnimesh communications modules, perpetual software licenses, installation services, and support and maintenance services over a period of five years.
The contract is CyanConnode’s largest deployment for a single utility.
JVVL had only paid INR 113 million ($1.4 million) against the contract during 2018, and will pay approximately 70% of the contract value during the implementation stage over the next two years.
The utility plans to finish paying off the remainder during the five-year support and maintenance contracts.
CyanConnode has announced that it has adopted a strategy to reduce and minimise the effects caused by Covid-19.
While all employees in all jurisdictions continue to work successfully from home, the Company has put in place a strict social distancing policy and is following all UK Government guidelines. The Company remains fully operational and due to the quality and flexibility of its staff, the impact resulting from the lockdowns has been minimal.
The energy transition and renewable energy are hot topics disrupting the utility industry in India and will be a key focus at the POWERGEN INDIA and Indian Utility Week summit which takes place in New Delhi.
For more details visit powergen-india.com or indian-utility-week.com
Anil Daulani, CyanConnode India CEO and MD, commented: “We are delighted to receive the approval to move forward with this significant contract, to further showcase the benefits of CyanConnode’s award winning Omnimesh technology. We are really looking forward to working with our partner to provide major benefits to JVVNL.”