HIGH PRIORITY MARKET - SMART GRID
Demand driver
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Lately , demand for prepaid meters has shown a pick up . Some of the key factors at play in this regard are as follows o Performance-based grants for loss reduction by state-owned utilities o Private franchises granted by government utilities in high-loss areas o Consumers gaining in terms of rebates ( utilities pass on the benefits of lower collection costs )
At an average cost of USD 100 for prepaid meter , the ongoing initiatives aggregate to over USD 17 million in investment outlay for procuring prepaid meters . The proposed prepaid meters are amenable to additional functionalities in line with smart metering requirements under AMI Prepaid meters can be configured for implementing demand response in residential consumer segments .
Upcoming smart cities to build upon the assets created in AMI / smart grid projects
Smart cities as an extension to the smart grid in power networks
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The digital assets established under smart grid projects will make way for their wider scale of application in the proposed smart cities project o AMI-based projects for power utilities can be extended towards other utility services such as in water supply , gas , etc o From the policy perspective , the general understanding is that the extension of smart grid assets / systems can be achieved at a marginal cost for upcoming smart cities o Under National Smart Grid Mission , it was proposed that 30 smart cities be established based on the achievements in smart grid projects – the union government took this further by announcing 100 smart cities
Investments requirement
Funding
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As per estimates of Ministry of Urban Development , development of smart cities could entail an annual investment requirement of about USD5.5 billion over a 20-year period o The estimates were drawn based on assumption of an average 1 million population in the 100 identified towns o The estimates cover water supply , sanitation , sewerage transportation infrastructure
Recently the union government allocated a budget of USD 1.1 billion towards promoting smart city projects Private sector is expected to play a key role , with government role limited to providing viability gap funding
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