Swedish telecoms equipment provider Ericsson has secured its first smart meter deal in Assam, India.
The telecoms giant has been contracted by a public sector power company for the installation of 15,000 smart meters in the next 3 years.
Under the smart meter deal, Ericsson will provide a comprehensive Advanced Metering Infrastructure (AMI) solution, which will operate for the 15,000 units in addition to systems integration and support services in Guwahati – the largest city in Assam.
[quote] According to Orvar Hurtig, vice president for industry and society, “the pilot project will start soon and the company expects to get more such deals in its industry and society vertical, created last year to tap opportunities thrown by the government through its Digital India and smart cities initiatives.”
The smart meter solution is expected to assist with outage management, the reduction in aggregate technical and commercial losses, and well as address power quality management and net metering.
Hurtig added that the majority of business for Ericsson in India, comes from telecom network equipment. However, the company expects “20 per cent of the business to come from the industry and society vertical by 2020 in India, as well as globally.”
Smart meter entry point
In an interview with CNBC-TV18's Prerna Baruah, Hurtig explained the importance of the burgeoning Indian market in terms of digital development. He said that Ericsson is focusing on utilities, transport and public safety, in light of India’s 100 smart cities effort.
He noted that the smart meter project is “just a starting point for us Ericsson in India.”
Commenting on the size potential investment opportunity of smart cities globally, Hurtig said: “If you look globally these different verticals they are growing heavily. If you look at the transport vertical it is growing with some 25 per cent globally and that happens in India as well.
"Utilities closed to 10 per cent, public safety closed to 10 per cent probably more and you see these numbers in India as well. India is a big country with the launch of the 100 Smart cities the opportunities here are tremendously good.”