UP discom cancels Adani's Rs 5,400-crore smart meter bid
Madhyanchal Vidyut Vitran Nigam (MVVNL), the Uttar Pradesh power utility, has cancelled Adani Group’s bid worth nearly Rs 5,400 crore for supply of around 7.5 million smart meters to the power distribution company (discom).
UP discoms — including Madhyanchal, Dakshinanchal, Purvanchal and Paschimanchal — representing different regions, had floated tenders for the supply of more than 25 million smart meters. The combined bid value was estimated at Rs 25,000 crore.
According to sources, despite submitting the lowest bid by the Adani Group, the discom cancelled it citing “unavoidable reasons.” Adani had quoted a price of Rs 10,000 per smart meter, which was the lowest.
Apart from Adani, GMR, L&T and Intellismart Infra were also in the fray for the project. Intellismart Infra is a joint venture company of Energy Efficiency Services (EESL) and National Investment and Infrastructure Fund (NIIF).
MVVNL had invited the e-tender for the appointment of an Advanced Metering Infrastructure (AMI) service provider for smart prepaid metering in MVVNL. In its notification dated February 4, MVVNL said, “The tender has been cancelled due to unavoidable reasons.”
The discom is now likely to opt for floating a fresh tendering process. Even other UP discoms could tread a similar line, taking a cue from MVVNL.
Interestingly, none of the four private companies in the fray are manufacturers of smart meters. They would have probably sublet the manufacturing after winning the contract.
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