We all know that there are so many software company in India and they are working big projects, up to know India had not even started a grid project, now India’s Bureau of Energy Efficiency is partnering with IBM to create the India’s first smart grid project. IBM is one of the leading software company in the world, i hope the first grid project will get success.
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 involved in more than 150 smart grid efforts around the world.