RE: Directors Talk Interview ..............3 Nov 2021 09:00
Good morning all,
An interesting and informative interview, with some additional information on timelines, values and volumes, to name a few, being high-lighted.
From John Cronin, from the report:-
" The Ministry of Power, Government of India has floated a standard bidding document and a contract agreement that can be directly adopted by utilities for rolling out the Smart meter programme. These steps have acted as a catalyst in spurring the Smart Metering movement in the country as the scale of tenders has gone up from tenders for a few thousand meters, to tenders of millions of meters.
" This has already delivered some quick wins now. There are currently tenders for 11 million meters ( total cost of c. £1 billion ) that are being floated or will be floated shortly. Given the Government's ambition these numbers are only going to increase exponentially in the near future. As a result of this, numerous SPV's with infrastructure funds will be required to fund these tenders."
Some interesting information here.
LTI.