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SEPC Wins Punjab Smart Meter Project Worth ₹314 Crore
10 Feb
Summary
- SEPC secured a ₹314 crore smart prepaid metering project in Punjab.
- The project will be executed on a Design, Build, Finance, Own, Operate, Transfer basis.
- Payments are linked to monthly, quarterly, and annual milestones post-operation.
SEPC Ltd has secured a significant Letter of Intent from Telecommunications Consultants India Ltd (TCIL) for a smart prepaid metering project in Punjab. The project, valued at ₹314 crore, is part of the Revamped Distribution Sector Scheme (RDSS) and focuses on the central zone of Punjab.
Under a consortium with Adya Smart Metering, SEPC will implement the project on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis. This encompasses the full lifecycle from design and deployment to integration, commissioning, and long-term operation and maintenance for Punjab State Power Corporation.
Payments for the project are strategically tied to defined monthly, quarterly, and annual milestones during the post-operational phase. This structure, alongside the BOOT model, is expected to improve SEPC's long-term revenue visibility and align with its strategy of building annuity-linked revenue streams.
