The Smart Meter National Programme aims to retrofit 25 crore conventional meters with smart variants leading to 80-100 per cent improvement in billing efficiency.
Companies lose approximately USD 10.2 billion annually due to problems including theft, meter tampering, billing issues and leakage. This can be reduced using Smart meters.
As per CEA, currently 27% of all power produced in the country is lost due to theft or dissipation. Smart Grid prevents this by adding up meter consumption and totalizer at the hub.
India has an ambitious target of achieving 40% of total installed capacity in forms of Renewable energy by 2030.
The tariff rates for rooftop solar in comparison to industrial and commercial tariff rates are cheaper by 17% and 27% respectively thus making energy more affordable.
Solar panel cleaning robots have been introduced in India proving to be cost effective and environment friendly saving 5,00,000 liters of water annually approx. for a 1 MW solar panel.