Northern Electricity Supply Company Ltd (Nesco) is set to sign a contract on Wednesday with a joint venture company to install 5 lakh smart prepaid electric metres in northern districts of the country.
The signing ceremony will take place at the Bidyut Bhaban in the city where Prime Minister’s Energy Advisor Dr Tawfiq-e-Elahi Chowdhury and State Minister for Power and Energy Nasrul Hamid are scheduled to be present.
Under the proposed deal, the JVC of Shenzhen Star Instrument Co Ltd and Oculin Tech BD Ltd will supply and install the prepaid metres within June 2023 at a project cost of Tk 414.82 crore, according to an official document of the Power Division.
Of them, some 467,200 are single-phase smart prepaid metres while the remaining 32,800 are three-phase smart prepaid metres.
The project also include installation of 3,000 data concentrator units, one central data centre (CDC), one metre information centre, one disaster recovery centre (DRC) and 17 vending utility stations.
Official documents also reveal that of the total cost of the project, the government will fund Tk 400.69 crore while Nesco will spend Tk 14.12 crore from its own fund.
The main objective of the project is to collect revenue in advance, provide improved services to Nesco consumers, reduce the non-technical loss to the zero level, ease the demand side load management and check the misuse of electricity, said the development project proforma (DPP) of the project.