Polaris Receives 7,700 Cr. Order To Deploy Smart Meter In India

Polaris Receives 7,700 Cr. Order To Deploy Smart Meter In India

Polaris has been awarded a Rs. 2,246 crore contract to install 2.2 million smart meters in West Bengal. Their project aims to reduce losses for DISCOMs and empower consumers by introducing smart prepaid meters.

With this order, Polaris has closed orders of over INR 7,700 Crores across the geographies of Uttar Pradesh, West Bengal, Manipur, Bihar, and Ladakh. As per the agreement, Polaris Smart Metering plans to supply, commission, install, and maintain smart meters for consumers and system metering across the consumer base in these important clusters for the next 10 years. These smart meters are equipped with prepaid billing, real-time energy monitoring, accurate metering, and improved grid management capabilities. 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 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 at 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.