Thanks LT.
Interesting reading.
Below is a snap shot of what was talked about at the latest Enlit 2023.
The future will soon be here! Meanwhile, wishing everyone here a very Healthy and Merry Xmas. GL Vas
plus a discussion about ESIM ( imbedded SIM) taking place on 9th Jan 23, just apply and use link to listen in.
https://kigen.com/resources/blog/enlit-2023-take-outs/
Yes, Airtel seem to have now partnered up with IntelliSmart and also earlier this year Secure Meters for over 1 million homes in Bihar.
Jio partnered with JIO in March 23 for 1.3 million homes in Bihar also.
Vodafone Idea is partnering with Energy Efficiency Services Ltd (EESL) and Trilliant in states of Haryana and Uttar Pradesh, in 2022
https://industrialnews.co.uk/5-million-iot-enabled-smart-meters-for-india/
Hi LT,
I do not like to see large trades going through pointing in one direction on one trading day and after that days trades are dusted and cleared ..only to be told the next morning that that 700,000, or sometimes much larger numbers of trades have been cancelled out,... and to all purposes never actually happened.
I notice Bharti Airtel have announced today they have partnered with IntelliSmart Infrastructure .
GL Vas
https://www.thehindubusinessline.com/companies/bharti-airtel-partners-with-intellismart-infrastructure/article67661334.ece
Hi Tony. I think Cyan gave a talk today at the EPR is hosting a Live Power Talk on ‘Intelligent Power Solutions (Smart Electricity)’ on December 20th, 04:00 PM.
Need to look out for a recording of it.
https://webcache.googleusercontent.com/search? cache:7ZSqP3K16lUJ:https://twitter.com/EPRmagazine&hl=en&gl=uk
Morning All,
Cyan's tender win ratio in India in terms of tenders to date - still looks intact ...
One year ago, Nov 22 Interims was a win rate of 27% in volume and install rate of 25%.
Even though during this previous year, with the recent radio silence on sub contractor awards, the suggestions that Cyans main partners have walked away etc.
Todays numbers still remain intact with
- Current market share of installed smart metering base in India of approximately 25%
· Win ratio in India in terms of tenders to date of 40%, and 25% in terms of volume
If Cyan were losing tenders / awards /business behind the scenes then these figures would be lower, so the numbers remaining approx. the same , should indicate that the main event has not began yet, and the increase in awards to subcontractors is to come, with Cyan upholding its 25% share.
More detail found here
So previously Cyan partnered with Genus in bids, now the AMISP is the platform, will Cyan partner with both Platform, and Genus separately.
https://www.tndindia.com/genus-power-incorporates-spvs-for-amisp-projects/
Up until July 23, Genus was a obvious AMISP in the India SM rollout. In July 23 the announcement was made that Singapore’s sovereign wealth fund, GIC, had agreed to buy a 74% stake in its ( GENUS) new smart metering solutions venture for $2 billion.
GIC's affiliate, Gem View Investment, will hold a 74% stake in the platform, while the remaining 26% shareholding will be with Genus Power.
"Genus Power and Gem View Investment have jointly established a platform to undertake the Advanced Metering Infrastructure Service Provider projects, Agarwal said...."
and
" The platform will act as the primary bidder for AMISP projects from state electricity boards, with Genus Power executing the secured orders as the platform's exclusive system integrator partner."
Approximately 60% of the order value will be paid to Genus Power for project implementation, with the remaining amount being distributed according to the platform's shareholding pattern, Agarwal said.
The necessary project groundwork typically spans six to nine months, after which the inflows kick in, Agarwal said. Revenue generation will commence during the second half of FY24, with the recently secured order falling under the purview of the new platform, he said.
I think its a possibility that its the PLATFORM that will act as the primary bidder for AMISP projects and since July when announced, plus two months to set platform up, so since October 23 maybe the way things / information is given out had to be changed.
Dated Jul 23 ..Agarwal said ....recently secured orders falling under the new platform.
" The necessary project groundwork typically spans six to nine months, after which the inflows kick in, Agarwal said. Revenue generation will commence during the second half of FY24, with the recently secured order falling under the purview of the new platform, he said."
Read more at: https://www.ndtvprofit.com/markets/genus-power-expects-multifold-earnings-growth-from-fy24-says-joint-md
Copyright © NDTV Profit
Today.
"Shares of Genus Power in early morning deal on Friday (December 15) traded with sharp gains of around 5 per cent at Rs 234.45 each. The gains in the stock were triggered after the company's wholly owned subsidiary bagged an order worth Rs 1,026.31 crore.
In the regulatory filing with exchanges, the company said, ".. wholly owned subsidiary has received a Letter of Award (LOA) worth Rs. 1,026.31 crore (net of taxes) for appointment of Advanced Metering Infrastructure Service Providers (AMISPs), including design of Advance Metering Infrastructure (AMI) system with supply, installation, and commissioning with FMS of about a million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis."
https://www.zeebiz.com/markets/stocks/news-with-ytd-return-of-176-this-electronic-equipment-major-gains-5-heres-why-268908
Half Year Report out today.
Still very positive about CC "As yet, the Indian utility companies have not awarded many contracts, testing the patience of shareholders. We remain upbeat that substantial contracts will be announced in the coming quarters".
https://www.theaic.co.uk/companydata/miton-uk-microcap-trust/announcements/489567
Little news out today
https://timesofindia.indiatimes.com/city/indore/now-jobat-gets-smart-power-meters/articleshow/105947525.cms
"The central government has sanctioned Rs 13,421 crore over a period of five years from fiscal 2021-22 to 2025-26 under the Revamped Distribution Sector Scheme (RDSS) for the power sector in Andhra Pradesh."..... "The minister said about 19.79 crore prepaid consumer smart meters are planned to be deployed across states, of which 56.09 lakh smart meters would be installed in Andhra Pradesh. A total of 42.06 lakh smart meters will be installed in the first phase in AP and 14.02 lakh more meters in the second phase."
https://www.deccanchronicle.com/nation/politics/131223/rs-13421-crore-sanctioned-by-centre-for-power-sector-in-ap-for-five-y.html
Sorry just to add.
Why Thirteen! Some of these manufacturers may well be in different consortiums ..which may mean that many if not most consortiums will then be able to access the CC technology irrespective of whether they are partners / affiliated with CC or not.
The other thing is if CC get 13- 15 manufacturers able and willing to take on large CC smart meter orders, then this creates a unique market, and during the competitive stage will put a downward pressure on cost per unit to manufacture, which should be in CCs and the customers favour.
Morning CB,
I see where you are coming from ...but surely the scalability issue and costs involved in being successful in the India rollout would have been discussed a long time before CC were invited to integrate with IntelliSmart, or Genus or any AMISP or utility for that matter.
I say this but i am none the wiser on where the extra funds, if required will come from.
It would not only be absolute suicide, to have no financial plan in place to scale up but also i would have thought it would be one of the main questions / criteria that each AMISP, and AMISP contractor and those on the empanelment list would need to prove.
This might be naïve of me but if CC suddenly won tenders amounting to millions of smart meter units , needing to be installed in next 24 months,. Why, couldn't Genus fund some of them, or the entire process, and pay CC on either manufacture, or delivery to customer.
If this is viable what is stopping any meter manufacturer who has been working alongside the CC team , in onboarding the CC technology into their smart meters doing exactly the same, to secure large orders...
How many meter manufacturers are with CC now. Was it something like thirteen. Why so many? GL Vas
Morning ITT,
Just for balance, one month earlier on 10th October 23 Cyan received another order form IntelliSmaret for 300,000 Omnimesh Modules .
And yes, a month later IntelliSmart on 12th November 23 selected Trilliant " as ONE of its software partners for its Head-end System (HES) cellular implementations."
And it was nearly a month later, on 8th December 23 that Gervais Williams from Miton group stated how "We’re tremendously upbeat about CyanConnode.", and my guess is at that time would have been fully aware that both Trilliant and Cyan where working alongside IntelliSmart. GL Vas
https://www.businesswire.com/news/home/20231113692468/en/IntelliSmart-Selects-Trilliant-as-a-Software-Partner-for-Head-end-System-Implementations-across-India