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Larsen & Toubro (L&T) has bid the lowest in the smart meter tender issued by Energy Efficiency Services Ltd (EESL).
An official statement said: “The meters will be installed over three years in a phased manner in Uttar Pradesh and Haryana. L&T quoted the lowest price of ₹2,722, per single phase smart meter.”
The tender was to procure 50 lakh smart meters. Fourteen manufacturers participated in the tender and 40 lakh smart meters will be deployed in UP and the remaining in Haryana.
The price quoted by L&T is 40-50 per cent lower than the current market rates, the statement added.
Smart meters are a part of the overall Advanced Metering Infrastructure Solutions (AMI) aimed at better demand response designed to reduce energy consumption during peak hours.
The bids for the system integrator will open on October 31.
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