Smart metering company IntelliSmart has won Rs 500 crore order from the Assam government to install about six lakh smart meters in the state.
In this regard, a letter of award (LoA) was awarded to the company from the Assam Power Distribution Company (APDCL) to install the meters in 19 circles.
This was the first time that competitive bids were invited for any smart metering project on Totex mode (capex + opex), and Assam gets the distinction of leading the smart metering drive of the country on competitive model.
With the bagging of the order, IntelliSmart becomes the first company in the smart metering segment to undertake the smart pre-paid metering project through bidding route.
The project will cover Nagaon, Morigaon, KANCH, Cachar, Badarpur, Jorhat, Golaghat, Sibsagar, Dibrugarh, Tinsukia, GEC-I, Kokrajhar, Bongaigaon, Barpeta, Rangia, Mangaldoi, Tezpur, North Lakhimpur and GEC-II circles of Assam.
Gurugram-based IntelliSmart Infrastructure (IntelliSmart) is a joint venture of the National Investment Infrastructure Fund (NIIF) and Energy Efficiency Services (EESL).
It is into the implementation of smart meters through build, own, operate and transfer (BOOT) model.