L&T to supply 5 million smart electricity meters to EESL
Larsen and Toubro Ltd (L&T) has won a Rs1,361 crore contract to supply 5 million smart electricity meters, according to state-owned Energy Efficiency Services Ltd (EESL), which is procuring the devices. The contract to supply smart electricity meters at Rs2,722 a piece, the lowest bid, is about 40-50% lower than the current market rate, said EESL.
These smart electricity meters will be deployed over three years in Uttar Pradesh and Haryana, the statement said. These two states have high level of losses from billing inefficiency, which the device can address.
Smart electricity meters will facilitate billing of customers based on the time at which power is consumed, which could encourage them to cut consumption during peak hours when power tariff could be set relatively higher.