Adani Group's 'Smart Meters' Tender Cancelled, UP Discom Invites Fresh Bids: Reports
Moneylife Digital Team 06 February 2023
Uttar Pradesh (UP) power utility Madhyanchal Vidyut Vitran Nigam (MVVNL) has cancelled Adani group's bid to supply smart meters to the electricity distribution company (discom). However, government sources say that MVVNL has allowed re-bidding, media reports say.
Quoting sources, a report from Business Standard says, "Adani Group had submitted the lowest bid, yet the discom cancelled it citing unavoidable reasons."
In a notice, the superintending engineer for commercial at MVVNL says, "E-tender for the appointment of an advanced metering infrastructure service provider for smart prepaid meters....has been cancelled due to unavoidable reasons."
Adani had quoted a price of Rs10,000 per smart meter, which was the lowest.
According to the report, UP discoms — including Madhyanchal, Dakshinanchal, Purvanchal and Paschimanchal — representing different regions had floated tenders for the supply of more than 25mn (million) smart meters. The combined bid value was estimated at Rs25,000 crore.
"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)," it added.
Quoting government sources, a report from CNBC-TV18 says MVVNL has allowed re-bidding by 27 February 2023 for the smart meters. "Technical reason behind cancellation of the bid, not directed against a particular company," the report says.
1 year ago
idiotic idea to put smart meters costing fortune. i rural areas the consumption is hardley 25 units a month... Hardly any one is manufacturer most are just intermediaries. Tenderer are like oreva of Mobi suspension bridge just facilitator for hefty commission
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