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Thank you Tonyj. I wonder which one's work best when there is no electricity supply because someone "nicked it". I've been going to India for over 20 years. If you have no supply you pay a little man about a tenner and he connects you up to a local hotel or government building and they pay for your electricity. Omnimesh alone has the ability to cut off these parasitical cling on's. Correct me if I'm wrong?
Just something for those who like to read.
Dated Aug 19 but is the background of the 120,000 units.
I believe that Utility alone covers 3m customers. So I should imagine they would want to complete their good fortune.
Only my thoughts. Just getting bored.
Hello Tilly.. SMETS2 was an upgrade of SMETS1 (which had trouble with interoperability). The Comms bit of SMETS2 meter is provided by add on which sits on top of meter like a hat. HAT1 is first on for mobile phone link, if not working HAT2 goes on and they try aerials etc, if that does not work they place CC RF module onto HAT2. So basically last resort for notspots and supply only.
Smets2 is the second generation of smart meters. http://www.indiasmartgrid.org/viewnews.php?id=3571 and https://www.cambridgenetwork.co.uk/news/cyanconnode-announces-follow-orders-india-and-uk-smip. My understanding is that SMET stands for "Smart Metering Equipment Technical Specification". I've never heard of HAT2"
I do agree. News must be very soon, there's funding to be arrange, so there is only room for good news. GL Vas
Vas, I know nothing is certain until signed off and even then may be not. On the other hand there is no point in being negative all the time, currently there is a positive air, even Colour said 'I still have doubts India are that serious, but if they are there is no lid on where this could end up'. A good observation from Colour, it is just a matter of a short while before we know but possible very good outcome not ruled out.
Hello Tilly.. SMETS2 is a different storey. You have Utilities, meter manufacturers and installers. CC is none of these I understand, it is supply only for HAT2 when RF is needed.
I think Colour was referring to India.
I'm not sure if EDF are competitors? In the installers hand -book https://www.edfenergy.com/sites/default/files/ifaq-migrated-files/1637_smets_2_install_and_leave_-_sku_2_installation_-_final_v1.1.pdf . It mentions Telefonica. We already work with Telefonica. https://cyanconnode.com/experience/uk-uk-smip/
There's no such thing as certainty Tony. I used to think TNEB tender was a cert . Imagine the three remaining manufacturers in the final throws of a tender for a massive smart meter rollout...and Cyan was in all three manufactures!! ?...Now, that's a cert. Cyan was certain to win big, but didn't, and the tender never reappeared. I know things are different now, there's so much going on....but what really needs to happen to change things here, is that CC actually need to demonstrate some reliable income, from one of their successful tenders .
Cheap thing no good, good thing not cheap....apply this old Indian saying to the current share price....and it makes you wonder why are we still so cheap when from all accounts we have conquered India and moving in on Thailand.
Calm down tonyj, CC haven't actually won anything yet. When this starts, if it ever does, there will be competition all over the place. EDF are not there to pick the Tea.
Well woolley, I think all long termers have seen the numerous highs and lows. We probably thought we would be lucky to get out of this alive. This was a high stakes game where really only the big boys had the cash, with so much R&D; we are at the point where India can progress, and need to if ultimately going head to head with China on trade.
I feel that we have hung in the game for a very long time and have come out with a jackpot. No many AIM can say that..
To all, DYOR because CC is at a critical point..
Well' from high and consolidation I should have added........
tony 900% down means no ooooops :)
Hello Colour.. I can understand where you are coming from with ups and downs over last few years invariably requiring extra funds. However this time I think that it is a bit different. It's a pity it could not have happened in the middle of last year. Would have saved some anxiety.
I admit that I always look on the brightside, not much point in remaining otherwise.
With all that is going on my eye is now on supply and demand. EESL I believe has been involved with INDORE from the outset, many Utilities from India and surrounding countries have shown interest. If the INDORE saving that they presented is correct then many Utilities will probably want RF, only because it works, is quick and they can see the results. Whilst most contracts take ages they can be speeded up when it suits.
I would bet that INDORE will cover any shortfall to get all 3m customers connected. If I were CEO I would cover an advance out of my savings to prevent any slow down as it is a knock on effect that makes even more savings.
Add to that any advances EESL might come up with on a bulk order and lines of credit from the other two major manufacturers and I do not think that cash flow will be a problem.
Compared to CC these are all major players and payments to get things done are peanuts. For them it been a long time coming.
That's demand, now supply, if requirements suddenly jump into the millions I should imagine India would the hard pressed and the likes of BI would come into their own supplying say Bangladesh, however that's a nicer problem to resolve.
All of that aside, CC are most likely potless and will need funds very soon imo. I think there may be many on the sides here, going buy the last rush of confusion, that are waiting for that situation to be confirmed. Upfront payments won't last, or keep coming I doubt. I am expecting another round of same old, after that the order flow needs to start and not stop at 2 per year. I still have doubts India are that serious, but if they are there is no lid on where this could end up.
Well Colour I feel you know a lot about India. The thing is the Utilities want to cut down on their losses. They don't care at this stage how they do it. I don't believe Modi is a dictator but he wants to get energy sorted to move industry forward.
We thought CC was doing ok before IPv6, then it was needed, then EESL came along and went for basics including dumb, then it was decided Smart with RF pre-paid that could be changed to post-paid was needed, then INDORE following MYSORE also became a success. Modi was re-elected, EESL decided to take CC RF on board seeing INDORE.
My opinion is that now Utilities/Countries see a system not too dear, fast roll-out and works. They don't really care about politics, they want to cut their losses now not in 5 years time, so they are going to plough in which suits EESL especially with exports.
Only my thoughts, DYOR.
Oh' colour you ramper :) Strange my spell checker want to change to romper lol...
It's always a number I have struggled with. Modi threw 4 million USD at it in 2014, no idea if it got spent, or what on if it did, but the $32 billion figure has been out there for a long time. Look, if CC are that well placed, and India are finally taking it seriously, 900% increase in SP is achievable ( woolie ) . For the Gestapo on here, this is not a Rec, and I have not changed my investing position, but it is an absolute no brainer. Trouble is, and not being rude to them, but does the target market have the sense or the ability to overcome the obvious corruption to get it over the jump. The big winners will not be CC or the likes, it will be one massive nation with so much to play for.
Well Colour, as you say you must read the words.
I said that they did save £4m but for the sake of what I was displaying I average it down to £3m overall as that particular area was probably one of their highest losses. However you have now shown me by needing me to go back to JC's statements of $32bn. losses that overall savings throughout India could be up to $128 per meter i.e. $32bn divided by 250m meters. Do ask again if that doesn't provide answer.
So Indore haven't reported a £4 million saving over the 12 months?
Thanks for that Colour.. Big numbers but don't forget we are not talking about meter costs/profit but avoidable losses, theft etc..
We have all heard time after time JC's $32bn losses speech through theft, well $32,000,000,000 divided by 250,000,000= $128 per meter, so may be other utilities will do even better. Again these figures relate to preventable losses nothing to do with meter costs.
Ok, so it boils down to £25 pa saving on every meter in Indore. Now, scale that up to National 250,000,000 rollout.
Have you been selling your calculators on eBay in Indore tonyj? Someone has got their figures a little wrong I feel.
Thanks for that Imperial..
I have been doing some calculations, as I do. I will get Colour to audit them for me.
Newbies, I will say this only 'twice', DYOR.
Looking at the keen interest shown I extrapolated the figures for INDORE.
Up to the point of that statement Indore had installed 120,000 at approx £4m. per year savings.
Allowing for first 120k to have been in an high loss area I have taken off £1m to average.
So, 120,000 meters = £3m per year savings.
200,000 meters = £5m per year savings.
3,000,000 meters = £75m per year savings.
If these are anywhere near the mark then the Utility must be over moon, they have done well in selecting RF but they probably just wanted the best performing system, being reliable, quick install and early loss recovery.
Well they got it . JC/Anil/team to be congratulated.
I feel that many substantial contracts will flow from this in India and all their surrounding contact countries.
Newbies, second time DYOR.
Good morning Imperiallondon,
Thank you for the information from Twitter from Anil, about Indore and your other news clip from the event. Much appreciated. And very impressive figures, as you have indicated.
And I agree, well done to all concerned at CyanConnode, especially the delivery Team in India.
Don't wet your pants illy, you'll probably get more likes on here for that post, than Anil will for his tweet.