Adani Transmission bags Rs 1,300-cr smart meters installation deal from Mumbai’s BEST

Mumbai: Adani Transmission announced that it has bagged a deal to install and maintain 10.80 lakh smart meters for BEST on October 20. Sources said that the the deal value for the multi-year-old engagement by Adani Transmission's distribution platform stands at Rs 1,300 crore. The Brihanmumbai Electric Supply and Transport Undertaking is a state-run utility that serves consumers in the island city exclusively.

Adani Transmission's subsidiary Adani Electricity Mumbai distributes power in the suburbs, where it competes with Tata Power. The company has also gone public with its ambitions to expand to other pockets in the state and capitalise on a liberalised policy once it is implemented.

The current contract involves the installation of smart meters over a period of 30 months and maintaining them for the following 90 months, as per a statement.

Adani Transmission to undertake smart meters installation on DBFOOT basis

The smart metering project, undertaken on a Design-Build-Finance-Own-Operate-Transfer (DBFOOT) basis also involves setting up of communication and other cloud-related infrastructure, it added.

The meters will help consumers monitor online consumption patterns and take prompt corrective action whenever necessary, it said. Also, they provide an option to opt for pre-paid billing and net-metering facility for housing societies and commercial buildings with the roof-top solar facility.

BEST will also have the ability to carry out remote connection and disconnection of non-paying customers, while the regulator will benefit as it will enable to design of consumer-friendly time of day tariffs.

"We are confident to deliver this project as per expectations within a timely manner, allowing BEST Undertaking and its consumers to fully capitalise on the potential of digitalisation," said Kandarp Patel, Chief Executive (Distribution), Adani Transmission.

(With PTI inputs)

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