UK utility metering and lighting company Cyan is celebrating a GBP500,000 win in India, one of its target countries for global growth.
Cyan reported today that it has secured a purchase order from a local Indian partner - Enzen Global Solutions - to deliver its CyLec smart metering solution for a public electricity distributor in Northern India.
The utility metering company will supply 13,751 smart meters with associated hardware and software solutions to Paschimanchal Vidyut Vitran Nigam (PVVNL) in Uttar Pradesh in a bid to implement regular and accurate billing as well as improve outage management.
Cyan, an AIM-listed company, said in a statement that it will provide head end software as a managed service charged yearly per meter, initially providing a recurring revenue stream for two years after deployment, with an expectation to continue following the initial period.
The deal includes Cyan integrating its head end software with Enzen’s meter data management and data analytics system to provide billing information to the utility’s R-APDRP application.
PVVNL, which distributes power to more than 3.5 million consumers, will stagger the rollout with the first phase expected to be installed and commissioned in the first half of 2016, and with all the meters deployed and commissioned before the end of 2016.
The utility selected Enzen in October 2015 to deliver a RF-based smart metering system based around Cyan’s sub-GHz communication platform.
Indian utility metering success
The win for Cyan is the second collaboration with Enzen.
In January 2015, the company announced it had bagged a GBP1 million order to supply 21,000 smart meters for a utility metering pilot project being deployed by Chamundeshwari Electricity Supply Corporation in the southwest of the country.
Commenting on the deal, John Cronin, executive chairman of Cyan, said the company's technology has been developed to address the requirements of utilities in emerging economies, of which India is one of the leaders.
In 2014, Cyan won an AMI deployment deal with Tata Power and a retrofit of commercial meters for Essel Utilities.