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India launches first smart grid project

India launches first smart grid project

Business news |
By eeNews Europe



IBM will conduct a cost-benefit analysis on various smart grid initiatives as part of India’s by National Mission for Enhanced Energy Efficiency. NMEEE is one of eight national missions promoting policy and regulatory initiatives, financing mechanisms and business models to promote the market for energy efficiency.

The focus of the analysis will be determining India’s readiness for deploying smart grid technologies. It will also develop a framework for adopting new smart grid technologies and identify regulatory frameworks.

The analysis will calculate return on investment for a range of smart grid projects planned across India.

“Our aim is to help overcome inefficiencies in the existing grid and move toward more sustainable energy networks,” said IBM’s Avinash Joshi, adding that the company is involved in more than 150 smart grid efforts around the world.

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