The total smart metering portfolio of Adani Energy Solutions Ltd crossed the 21-million mark, as of December 31, 2023.
In a recent “operational update” released by AESL to stock exchanges, the company said that as of December 31, 2023, it had a smart metering portfolio of 21.1 million smart meters, with an overall investment outlay exceeding Rs.25,000 crore.
All the projects (see table) are being implemented under the DBFOOT (design, build, finance, own, operate & transfer) mode and have a contract period (including O&M) of 120 months. Most of projects fall under the Centre’s Revamped Distribution Sector Scheme (RDSS).
The overall portfolio spans five states – Maharashtra, Andhra Pradesh, Bihar, Assam and Uttarakhand. Much of the portfolio was developed during the ongoing fiscal year FY24, though AESL entered the smart metering domain with an order for 1.1 million meters from BEST Undertaking in October 2022.
Over 50 per cent of the portfolio is accounted for by two large contracts from MSEDCL in Maharashtra. For this distribution utility, AESL will be rolling out 11.5 million smart meters with a total outlay of Rs.13,880 crore. The rollout will be spread over five zones – Bhandup, Kalyan, Konkan, Baramati and Pune.
The latest addition to the portfolio came in Q3 of FY24 when state power utility Uttarakhand Power Corporation Ltd placed a mandate of 0.7 million smart meters covering the Kumaon region. The northern state of Uttarakhand is broadly divided in two regions – Kumaon (with six districts: Almora, Bageshwar, Champawat, Nainital, Pithoragarh and Udham Singh Nagar) and Garhwal with the remaining seven districts.
It may also be recalled that in late December 2023, Adani Energy Solutions announced a joint venture with Esyasoft Holdings for implementing smart metering projects in India and other countries.
Note: In the table above, the utility placing the mandate and the areas covered by the smart metering order, in serial order, are: (1) Brihanmumbai Electricity Supply & Transport Undertaking (Mumbai); (2) Assam Power Distribution Company Ltd (Tejpur, Mangaldoi, North Lakhimpur); (3) Andhra Pradesh Eastern Power Distribution Company Ltd (Srikakulam, Vizianagaram, Visakhapatnam, East Godavari and West Godavari); (4) Andhra Pradesh Central Power Distribution Company Ltd (Krishna, Guntur and Prakasam); (5) Andhra Pradesh Southern Power Distribution Company Ltd (Nellore, Chittoor, Kadapa, Anantapuram, Kurnoolam and Kurnool); (6) Maharashtra State Electricity Distribution Company Ltd (Bhandup Zone, Kalyan Zone and Konkan Zone); (7) Maharashtra State Electricity Distribution Company Ltd (Baramati Zone and Pune Zone); (8) North Bihar Power Distribution Company Ltd (Siwan, Suran, Gopalganj, Vaishali, and Samastipur); (9) Uttarakhand Power Corporation Ltd (Kumaon Region)
Also read: Adani Group’s Smart Metering Portfolio Crosses 19 Million
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