Tata Power Mumbai ordered an additional 10,400 smart electric meters from CyanConnode Holdings, says a company statement.
The order was made through Indian-based engineering conglomerate Larsen & Toubro and increases the number of smart meters developed by CyanConnode and deployed by Tata Power Mumbai to 25,100.
The deal includes the solutions provider equipping TataPower Mumbai, provider of electricity services to 670,000 consumers in Mumbai, with communications hardware and software to provide connectivity to the smart meters.
The contract follows announcements of smart meter deals totalling 14, 700 units between TataPower and CyanConnode in 2016.
By equipping its customers with smart meters, TataPower aims to help its 2,6 million consumers in India improve management of their energy usage through access to real-time energy consumption data.
The smart meter project will also enable the utility to improve its revenue collection by eliminating estimated billing and ensure customers are accurately billed.
According to John Cronin, executive chairman at CyanConnode, the smart meters project being deployed by Tata Power is part of the government’s UDAY scheme which aims to help utility companies improve their revenue collection by deploying some 35 million advanced meters by 2019.
Smart grid deployment
In related news, a report issued in the first quarter of 2017 by global energy market research firm Northeast Group projects India to invest $44.9 billion in smart grid infrastructure between 2017 and 2027.
Ben Gardner, president of Northeast Group, said: “India has always been seen as the largest potential smart grid market for international vendors.
“But until recently, this potential has been slow to materialise, despite extensive government plans and pressing concerns over the $23.2bn lost each year to electricity theft. We are now finally seeing utilities progress out of the pilot stages with multi-million endpoint smart meter projects recently announced.”
Local smart grid technology firms including Secure Meters, Genus, HPL, and Larsen & Toubro are expected to continue their domination in the legacy electric meters market during the forecasted period. Read more…
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