New Delhi, India --- (METERING.COM) --- January 11, 2012 - India’s power ministry is reportedly planning to finalize around eight smart grid pilot projects worth nearly Rs 500 crore (US$97 million) within the next two months, according to a report in the Economic Times of India.

Around 14 state utilities are expected to submit plans for pilot projects this month, a power ministry official was quoted as saying.

The pilot projects are expected to cost in the range Rs 50 to 60 crore (US$9.7 to 11.6 million), with half the project cost coming from the ministry and the balance from the utility. Their duration will be 12-18 months.

Expected project areas include the integration of renewable energy with the grid, reduction of aggregated technical & commercial losses, and peak load management.