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Polaris secures smart metering project worth Rs 2,246 cr in West Bengal

Thursday, 09 May 2024
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Energy solutions provider Polaris has secured a contract worth Rs 2,246 crore to install 2.2 million smart meters in West Bengal. With this order, Polaris has successfully closed orders over Rs 7,700 crore across the states of Uttar Pradesh, West Bengal, Manipur, Bihar and Ladakh.

Under a design-build-finance-operate-own-transfer (DBFOOT) agreement, Polaris Smart Metering will be responsible for the supply, commissioning, installation as well as maintenance of smart meters for consumers and system metering across the consumer base in these important clusters for the next 10 years. These smart meters will be equipped with modern technology, enabling prepaid billing, real-time energy monitoring, accurate metering, and improved grid management capabilities.

Besides this, Polaris has also secured a contract of Rs 206 crore for smart meter installation in Manipur in the region of Imphal to install over 1.6 lakh smart meters. In January, 2024 the Jaipur-based company secured Rs 5,200 crore contract for smart meter installation in Uttar Pradesh to install over 5.1 million smart meters.

These projects will help reduce losses for discoms and empower consumers to have better control over their energy consumption by introducing smart prepaid meters.

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