Polaris Gets Contract of INR 2,246 Crores to Install 2.2 Mn Smart Meters in West Bengal
The project aims to reduce losses for DISCOMs and empower consumers by introducing smart prepaid meters. With this order, Polaris has successfully closed orders over INR 7,700 Crores across the geographies of Uttar Pradesh, West Bengal, Manipur, Bihar and Ladakh.
May 08, 2024. By News Bureau
With this order, Polaris has successfully closed orders over INR 7,700 Crores across the geographies of Uttar Pradesh, West Bengal, Manipur, Bihar and Ladakh.
As per the agreement, Polaris Smart Metering will supply, commission, install and maintain smart meters for consumers and system metering across the consumer base
This contract comes under a Design-Build-Finance-Operate-Own-Transfer (DBFOOT) agreement. In addition to West Bengal, Polaris has also secured a contract of INR 206 Crores for smart meter installation in Manipur in the region of Imphal to install over 1.6 lakh smart meters.
The primary objective of this project is to reduce losses for DISCOMs and to empower consumers by introducing smart prepaid meters, enabling them to have better control over their energy consumption. Through the implementation of these smart meters, consumers will have real-time access to their energy usage data, allowing them to monitor and manage their consumption patterns effectively. This will result in a more informed decision-making process for consumers, fostering a culture of energy conservation and responsible electricity usage.
Additionally, consumers will have the flexibility to recharge their meter as per their convenience, avoiding the inconvenience of monthly visits from meter readers or the hassle of bill payment. This will not only enhance customer satisfaction but also streamline the overall billing process.
"We are thrilled to have received the contracts for West Bengal & Manipur to install smart meters," said Yashraj Khaitan, Co-Founder of Polaris. "By introducing smart prepaid meters, we aim to empower consumers with the ability to make informed decisions about their energy usage. Polaris is committed towards digitizing and transforming India’s electricity grid and marks a significant stride towards a smarter and more sustainable energy future for our country.”
“Our vision for dependable, streamlined, and eco-friendly services is in sync with the strategic partnership we've established with Polaris” said Dipak Pal, Chief Engineer of WBSEDCL. "The introduction of smart meters is poised to transform the way consumers engage with their energy usage. We have confidence in the positive outcomes of this collaboration, underscoring our dedication to technological progress for the betterment of the state of West Bengal."
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