State-run ITI Ltd has emerged as the lowest bidder for 50 lakh smart meters quoting a rate of Rs 2,503 per unit, followed by Genus Power and KEONICS in a reverse auction by EESL. <\/p>\n
Earlier this month, L&T had quoted the lowest price for smart meters at Rs 2,722 per unit, which was 40-50 per cent lower than the current market price. <\/p>\n
State-run Energy Efficiency Services Ltd (EESL) has achieved a further price reduction in the procurement of 50 lakh smart meters on the basis of a reverse auction of the tender conducted last week, a Power Ministry statement said. <\/p>\n
According to the statement, ITI has emerged as the lowest bidder (L1 bidder) in this reverse auction, followed by Genus Power and KEONICS. <\/p>\n
ITI quoted the lowest price of Rs 2,503 per unit. Now the total procurement cost of 50 lakh units has been reduced by Rs 132 crore due to reverse auction. <\/p>\n
The bidding has brought the price down from Rs 2,722 to Rs 2,503 per smart meter which is a reduction of 8 per cent from the previous tender quote, it said. <\/p>\n
A total of seven companies were invited for the reverse auction. The lower price will further benefit the end consumers. <\/p>\n
As per the government guidelines, EESL will invite Genus Power (L2) and KEONICS (L3) to match the L1 price. <\/p>\n
It further said after L2 and L3 match the L1 price, the EESL will split the procurement of a single metre between three parties in the ratio of 50:30:20. <\/p>\n
The meters will be installed over a period of three years in a phased manner in Uttar Pradesh and Haryana. <\/p>\n
The procurement conducted by the EESL, which comes under Ministry of Power, is the world s largest single smart meter procurement. As many as 40 lakh such meters will be deployed in UP and the remaining 10 lakh in Haryana. <\/p>\n
Smart meters are a part of the overall Advanced Metering Infrastructure Solutions (AMI) aimed at better demand response designed to reduce energy consumption during peak hours. <\/p>\n
The overall AMI solution will also have a system integrator who will be responsible for meter installation, data storage on cloud, preparing dashboards, etc. The bids for the system integrator are expected to open on October 31, 2017. <\/p>\n
EESL is procuring smart meters and services of the system integrator with 100 per cent investment and the utilities will make zero-investment.<\/p>\n
The repayment to EESL will be through savings resulting from enhanced billing efficiency, avoided meter reading costs, etc.<\/p>\n
It is said the average cost of meter reading is Rs 40 per meter, which will be completely avoided. <\/p>\n","protected":false},"excerpt":{"rendered":"
State-run ITI Ltd has emerged as the lowest bidder for 50 lakh smart meters quoting a rate of Rs 2,503 per unit, followed by Genus Power and KEONICS in a reverse auction by EESL. Earlier this month, L&T had quoted the lowest price for smart meters at Rs 2,722 per unit, which was 40-50 per cent lower than the current market price. State-run Energy Efficiency Services Ltd (EESL) has achieved a further price reduction in the procurement of 50 lakh smart meters on the basis of a reverse auction of the tender conducted last week, a Power Ministry statement said. […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-135467","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/135467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=135467"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/135467\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=135467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=135467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=135467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}