1. Home
  2. Infrastructure Energy
  3. POWER & RENEWABLE ENERGY
  4. Polaris secures deals and deploys 5.1 mn smart meters in Uttar Pradesh
Polaris secures deals and deploys 5.1 mn smart meters in Uttar Pradesh
POWER & RENEWABLE ENERGY

Polaris secures deals and deploys 5.1 mn smart meters in Uttar Pradesh

01 Feb 2024 2 Min Read CW Team
Polaris Smart Metering, a provider of advanced smart metering solutions, announced that it had secured two contracts valued at over Rs 52 billion for the implementation of smart prepaid metering systems in Uttar Pradesh.

It was revealed that the contracts had been awarded by Madhyanchal Vidyut Vitran Nigam (MVVNL) and involved the installation of more than 5.1 million smart meters in key clusters, including Lucknow and Ayodhya/Devipatan, over the next 27 months.

According to the terms of the agreement, Polaris would be responsible for supplying, installing, commissioning, and maintaining smart meters across the consumer base in these clusters for the next decade.

The smart meters, as per the plan, would enable prepaid billing, real-time energy monitoring, accurate metering, and improved grid management capabilities.

The comprehensive initiative was said to fall under a design-build-finance-operate-own-transfer agreement.

In addition to the Uttar Pradesh project, Polaris had also received letters of award from West Bengal and Manipur, totalling over Rs 24 billion. These contracts aimed to oversee the installation of more than 2.3 million smart meters across these two states.

The implementation of smart meters was highlighted as a means for Distribution Companies (DISCOMs) to reduce losses and empower consumers. The introduction of smart prepaid meters was intended to provide consumers with better control over their energy consumption.

It was emphasised that, through real-time access to energy usage data, consumers could effectively monitor and manage their consumption patterns.

Polaris Smart Metering, a provider of advanced smart metering solutions, announced that it had secured two contracts valued at over Rs 52 billion for the implementation of smart prepaid metering systems in Uttar Pradesh. It was revealed that the contracts had been awarded by Madhyanchal Vidyut Vitran Nigam (MVVNL) and involved the installation of more than 5.1 million smart meters in key clusters, including Lucknow and Ayodhya/Devipatan, over the next 27 months. According to the terms of the agreement, Polaris would be responsible for supplying, installing, commissioning, and maintaining smart meters across the consumer base in these clusters for the next decade. The smart meters, as per the plan, would enable prepaid billing, real-time energy monitoring, accurate metering, and improved grid management capabilities. The comprehensive initiative was said to fall under a design-build-finance-operate-own-transfer agreement. In addition to the Uttar Pradesh project, Polaris had also received letters of award from West Bengal and Manipur, totalling over Rs 24 billion. These contracts aimed to oversee the installation of more than 2.3 million smart meters across these two states. The implementation of smart meters was highlighted as a means for Distribution Companies (DISCOMs) to reduce losses and empower consumers. The introduction of smart prepaid meters was intended to provide consumers with better control over their energy consumption. It was emphasised that, through real-time access to energy usage data, consumers could effectively monitor and manage their consumption patterns.

Next Story
Infrastructure Transport
05 Nov 2024

Unified railway app for tickets and tracking launching in December

The Indian Railways is expected to launch a super app consolidating passenger services by the end of December, according to officials familiar with the project. The app, which is being developed by the Centre for Railway Information Systems (CRIS), will integrate with the Indian Railway Catering and Tourism Corporation (IRCTC), these officials stated. IRCTC would continue to serve as the interface between CRIS and passengers purchasing train tickets, and that integration between the super app and IRCTC is currently underway. The app will provide a wide range of services, including booking p..

Read More
Next Story
Infrastructure Urban
05 Nov 2024

TN drives distributed growth vision with multiple new projects

Tamil Nadu is advancing on its plan to achieve comprehensive growth, launching numerous projects across business sectors with a focus on tier-2 and tier-3 cities. Soon after taking office in May 2021, Chief Minister M.K. Stalin emphasised his government’s commitment to developing both metro and smaller cities to drive industrial growth across the state. The industries department highlighted its focus on creating high-quality, well-paying jobs across Tamil Nadu by establishing various manufacturing facilities, including automobile plants, mini TIDEL Parks, and State Industries Promotion Corp..

Read More
Next Story
Infrastructure Energy
05 Nov 2024

India's power consumption slightly up to 140.4 billion units in October

India's power consumption experienced a slight increase of about one per cent, reaching 140.47 billion units (BU) in October, compared to the same period last year. This growth was primarily attributed to a high base effect. In October of the previous year, power consumption had surged by over 22 per cent to 139.44 BU from 113.94 BU in October 2022. The maximum daily supply, or peak power demand met, decreased to 219.22 GW in October 2024 from 221.53 GW in October 2023. May 2024 saw peak power demand reach an all-time high of nearly 250 GW, surpassing the previous record of 243.27 GW set in S..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Unified railway app for tickets and tracking launching in December
RAILWAYS & METRO RAIL
05 Nov 2024

Unified railway app for tickets and tracking launching in December

TN drives distributed growth vision with multiple new projects
ECONOMY & POLICY
05 Nov 2024

TN drives distributed growth vision with multiple new projects

India's power consumption slightly up to 140.4 billion units in October
POWER & RENEWABLE ENERGY
05 Nov 2024

India's power consumption slightly up to 140.4 billion units in October

Bangladesh Speeds Up Payment to Adani Power Following Supply Disruption
POWER & RENEWABLE ENERGY
05 Nov 2024

Bangladesh Speeds Up Payment to Adani Power Following Supply Disruption

Paradip Port set for full mechanisation by 2030
PORTS & SHIPPING
05 Nov 2024

Paradip Port set for full mechanisation by 2030

Shree Cement and DPIIT Sign MoU to Boost Manufacturing Start-Ups
Cement
05 Nov 2024

Shree Cement and DPIIT Sign MoU to Boost Manufacturing Start-Ups

AM/NS to launch Rs 1.4 trillion steel project in Andhra Pradesh
Steel
05 Nov 2024

AM/NS to launch Rs 1.4 trillion steel project in Andhra Pradesh

Govt injects Rs 16.50 billion into RINL to ensure its sustainability
ECONOMY & POLICY
05 Nov 2024

Govt injects Rs 16.50 billion into RINL to ensure its sustainability

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000