Home / Business and Economy / SEPC Wins Punjab Smart Meter Project Worth ₹314 Crore
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.
Venkataramani Jaiganesh, Managing Director of SEPC, highlighted smart metering as a crucial element of power distribution reforms in India. He emphasized that this project allows SEPC to expand its presence in this vital segment and reinforces the company's disciplined approach to risk and capital deployment.
