GMR Smart Electricity distribution company secures Rs.7,593 crores order for Smart Metering Project
The project would span 22 districts covering prominent areas such as Varanasi, Prayag Raj, Agra, Mathura, and Aligarh among others
NEW DELHI: GMR Smart Electricity Distribution Pvt. Ltd, a subsidiary of GMR Power and Urban Infra Limited (GPUIL) has been awarded a prestigious order worth Rs.7,593 crores to implement a large-scale smart metering project under the RDSS program- a timeline-based reforms plan initiated by the Ministry of Power, Government of India.
The order, received under the DBFOOT (Design, Build, Finance, Own, Operate, and Transfer) model, entails 75.69 lakh prepaid smart meters across two discoms Dakshinanchal Vidyut Vitran Nigam Limited (DVVNL) and Purvanchal Vidyut Vitaran Nigam Limited (PuVVNL), making it the largest combined package order of its kind.
The scope of the project encompasses the design, supply, installation, commissioning, operation, and maintenance of prepaid smart meters infrastructure covering consumer premises, as well as at the network level, including distribution transformers and feeders for an aggregate period of 10 years, supported by cutting-edge technology and software solutions, ensuring end-to-end automated system management.
Installation of smart meters would majorly contribute to the turnaround journey of the power distribution sector by eliminating billing and collection losses and thereby enhancing the financial sustainability of the discoms.
The project would span 22 districts covering prominent areas such as Varanasi, Prayag Raj, Agra, Mathura, and Aligarh among others.
Commenting on the wins, Srinivas Bommidala, Chairman – Energy, GMR Group, said "These wins underscore GMR’s commitment to pivot into green and technology-based energy business with customer-centric growth strategy. With this mandate, GMR group makes its entry into the B2C business in the power sector at a substantial scale and will create value for GPUIL shareholders. We consider this as a good beginning for our Energy 2.0 strategy of new growth business areas in the Power Sector and have plans in the offing for further initiatives in this space.