Larson & Toubro (L&T) has won a contract for five million smart meters in the tender issued by Energy Efficiency Services Limited (EESL).
L&T, which emerged as the lowest bidder, was selected through an international competitive bidding. It quoted the lowest price of Rs 2,722, per single phase smart meter, said EESL in a public statement.
It is learnt that the price quoted by L&T is 40-50 per cent lower than the current market rates.
According to EESL, “the meters are being procured for implementation of smart grid projects in Haryana and Uttar Pradesh since these states grapple with huge AT&C losses, with the latest figures for both states being 28.42% and 34.36% respectively.
The smart meters will help these states in not only significantly reducing their AT&C losses by way of increased billing efficiency, but will completely change the way in which electrical energy is presently being consumed and paid for by the consumers.”
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