Smart meter prices fall 8% in EESL tender; ITI emerges as lowest bidder

Our Bureau New Delhi | Updated on January 08, 2018 Published on October 24, 2017

Prices of smart meters fell 8 per cent through a tender conducted by Energy Efficiency Services Ltd (EESL).

An official statement said: "Through the reverse auction, prices of single phase smart meters have come down from Rs 2,722 to Rs 2,503 which is a reduction of 8 per cent from the previous tender quote."

EESL has achieved a further price reduction in the procurement of 50 lakh smart meters on the basis of a reverse auction of the tender conducted last week, the statement added.

ITI Ltd has emerged as the lowest bidder (L1 bidder) in this reverse auction, followed by Genus Power and KEONICS.

As per government guidelines, EESL will now invite Genus Power and KEONICS, who have emerged as the L2 and L3 bidders, respectively, to match the L1 price. Should the said parties match the L1 price, EESL will split the procurement of the single phase smart meters between the three parties in a ratio of 50:30:20.

The meters will be installed over a period of three years in a phased manner in Uttar Pradesh and Haryana.

Published on October 24, 2017
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