- EESL will also be closing sourcing of electric vehicles (EVs) worth Rs 90 crore this month
- IntelliSmart looks after EESL’s smart-meter rollout program in India
Saurabh Kumar, MD, Energy Efficieny Services Limited (EESL), announced on a popular social media platform that EESL has closed request-for-proposal (RFP) for five million smart meters in India. These orders, EESL noted, were worth Rs 1,350 crores.
“With the entire country under lockdown, EESL India,under the guidance of honourable Minister of Power Raj Kumar Singh, is ensuring the work doesn’t stop. We’ve successfully closed the RFP of 50 lakh Smart Meters worth Rs 1,300 cr & procurement of EVs worth Rs 90 cr will be closed this month,” read a social media post by Kumar.
IntelliSmart looks after EESL’s smart-meter rollout program in India
IntelliSmart Infrastructure Private Limited (IntelliSmart), a joint venture between EESL and National Investment and Infrastructure Fund (NIIF) takes cares of the smart meter rollout program in India. The company had recently informed that it An official statement it is working in collaboration with all stakeholders to procure, deploy, and provide operations and maintenance for the smart meter infrastructure.
Anil Rawal, recently appointed CEO of IntelliSmart had said, “This mission is very critical for improving financial health of distribution segment of the nation, which would eventually spur the complete power value chain. It is a great opportunity to be a part of an organisation backed by two stalwart companies in their sector,” stated Anil Rawal, CEO IntelliSmart.”
R.K. Singh, minister of state, ower and new and renewable energy had recently announced the successful installation of 10 lakh smart meters across India, under the government of India’s Smart Meter National Programme (SMNP) during the occasion of 10-year completion of Energy Efficiency Services Limited (EESL).
EESL had mentioned that its revenue had grown at a compounded annual growth rate (CAGR) of 114.96 per cent from Rs 26 crore in FY 2013-14 to Rs 2565 crore in FY 2018-19. The company is aiming to become a Rs 10,000 crore entity in the next three years.