“The central transmission utility has tweaked the technology criteria in the tender inviting bids for setting up one crore smart meters just days before the bid closes on August 30, industry sources said.”
The Ministry of Power launched a new program –Revamped Distribution Sector Scheme (RDSS) which, among other reforms for the beleaguered power distribution sector, aims to roll out smart meters to 250 million customers by 2025.
As India executes the world’s largest electricity smart metering programme aimed at reducing electricity distribution losses, the industry is looking at new and cost-effective solutions.
Genus being a dedicated player and with strong balance sheet may emerge out as a strong beneficary of the smart metering drive.
Disclosure : Invested and increased position in recent downfall to 5% of portfolio and views are biased.
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