The Islamabad Electric Supply Company (Iesco) and the Lahore Electric Supply Company (Lesco) have begun reviewing proposals submitted by smart grid solutions providers and project developers to implement smart electricity meters.
The smart meters project is expected to be deployed in phases once the two utility firms have selected their project partner.
The first phase is set to begin by June 2017 and will cover three service territories of Lesco and one service territory of Iesco.
[quote] The first phase will include installation of smart meters aswell as a customer information and billing system.
The decision to deploy smart meters follows an increase in revenue loss as a result of inaccurate power billing, power theft and technical losses.
Smart meters and grid funding
According to a local publication, Iesco and Lesco applied for a $1.4 billion ADB loan to install smart meters to ensure grid reliability through real-time management of their grid networks.
The utility firms secured the ADB loan through the Pakistan Ministry of Power and Water in the fourth quarter of 2015.
In August this year, the ADB issued $810 million in funding to help Pakistan improve its grid infrastructure.
In a press statement, the ADB said the loan will be used to upgrade power transmission systems in the South Asian state.
In addition, the money will be channeled towards ensuring Pakistan meets its increasing demand of electricity. [Pakistan approves smart meter projects for ADB funding].
Megan Wolf, energy specialist at ADB in Central and West Asia, said: “A reliable and sustainable power sector is critical to the economic growth and well-being of Pakistan.
“Fast implementation of this facility and related reforms to alleviate power shortages will improve the prospects for the economy,” added Wolf.
The funding will be channeled through the National Transmission and Despatch Company and the country’s commercial operator Central Power Purchasing Agency through to 2026.
The smart meter rollout projects fall under Pakistan’s Vision 2025 programme toward improving power demand management and generation to curb energy disruptions.
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