FAQ

Home/FAQ
FAQ2021-05-03T09:41:58+00:00
What is IntelliSmart?2020-11-05T13:33:54+00:00

To give a fillip to the Government of India’s vision of converting all the conventional electricity meters to smart meters in the next few years, EESL (Energy Efficiency Services Limited) along with NIIF (National Investment and Infrastructure Fund) has formed a JV company – IntelliSmart Infrastructure Private Limited or “IntelliSmart”. It will enable implementation of Smart meters through BOOT (Build. Own. Operate. Transfer) model to expedite the deployment, which shall replicate the EESL success so far on the same model. The focus of IntelliSmart would be to drive efficiencies for DISCOMs, improve revenue management, increase billing efficiency and consumer satisfaction.

Formed in 2019, the company, for the implementation of smart metering is functioning like a global Meter Asset Provider (“MAP”), which deploys smart meters for the utilities by funding the entire capex and recovers this via a lease model (PAYS – Pay As You Save in this case). Also, as an evolving knowledge sharing platform for digital solutions pertaining to the power and distribution sectors, IntelliSmart acts as a key player in introducing financial and operational efficiencies in this space.

Why was IntelliSmart formed?2020-11-05T13:33:54+00:00

The Government of India plans to install 25 crore smart meters in the next few years. With the replacement of 25 crore conventional meters with smart meters, billing read and collection efficiency can improve to 100 percent, and has the potential to increase DISCOM revenues by INR ~1,000 billion annually.

IntelliSmart was formed with a focus on expediting the deployment of smart meters across the country. It is operating at scale by leveraging the expertise and capital of both the shareholders, EESL and NIIF. IntelliSmart will lead the implementation of Smart meters through BOOT (Build. Own. Operate. Transfer) model to expedite the deployment, which shall replicate EESL’s success so far on the same model. It is working collaboratively with all stakeholders to procure, deploy and provide operations and maintenance for the smart meter infrastructure.

What does IntelliSmart do?2020-11-05T13:33:54+00:00

As an overall digital solutions provider, IntelliSmart works with key stakeholders across the board to bring in financial and operational efficiencies in the power and distribution space. One of its central focus areas is the implementation, financing and operation of the smart meter national roll-out programme of power distribution companies, and is aimed at spurring the smart meter ambitions of the Government of India. It seeks to operate at scale by leveraging the expertise and capital of both EESL and NIIF and works in collaboration with all stakeholders to procure, deploy and provide operations and maintenance for smart meter infrastructure.

Smart Meter National Programme (SMNP): The company aims to give a fillip to the Smart Metering program of the Government of India. It will lead the implementation of smart meters through BOOT (Build. Own. Operate. Transfer) model to expedite the deployment, which shall replicate the EESL success so far on the same model.

The program is a proven testament to how a single intervention can lead to considerable monetary savings to DISCOMs via various financial models, while simultaneously improving the sector’s health and operational efficiencies.

Who are the promoter companies of IntelliSmart?2020-11-05T13:33:57+00:00

About EESL

Energy Efficiency Services Limited (EESL) is a Super Energy Service Company (ESCO), which enables consumers, industries and governments to effectively manage their energy needs through energy efficient technologies. EESL is implementing the world’s largest energy efficiency portfolio across sectors like lighting, buildings, electric mobility, smart metering, agriculture, etc. at a scale which no organization has been able to achieve. EESL’s energy efficiency solutions have saved India over 47 billion kWh energy annually while reducing 36.5 million tonnes of carbon emission.

Founded in 2009, EESL is promoted by Ministry of Power, Government of India as a Joint Venture of four reputed public- sector undertakings NTPC Limited, Power Finance Corporation Limited, REC Limited and POWERGRID Corporation of India Limited. EESL focuses on solution-driven innovation with no subsidy or capital expenditure (CAPEX). It is able to do so using its Pay-As-You-Save (PAYS) model, which obviates the need for any upfront capital investment by the consumer.

About NIIF

NIIF a professional fund manager, anchored by the Government of India along with participation from institutional investors such as ADIA and leading Indian private financial institutions. It is a collaborative investment platform focused on Indian infrastructure with best-in-class governance and a strong team with Indian and international experience in infrastructure investing.

NIIF, through its funds will invest in operating assets, greenfield projects and anchor third party managed funds in core infrastructure and related segments. With USD 3 billion commitment from GOI along with commitments from other institutional investors, NIIF has the ability to operate at scale whilst providing long term and patient capital. It intends to be a key channel of investment into Indian infrastructure with a focus on transportation (roads, ports and airports), energy, urban planning and other infrastructure and allied segments.

NIIF currently manages three different funds that have distinct investment strategies. Each of the funds provide one with the ability to aggregate operating infrastructure assets, support development of infrastructure projects and businesses, and invest into funds that allow each one to gain exposure into a wide range of sectors and strategies. The entity facilitates all of this through experienced fund management teams that have a strong track record in delivering investor value.

Go to Top