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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