According to reports, power, coal, renewable energy and mines minister Piyush Goyal today said smart meters can be a game changer when it comes to planning the electricity sector in the long run.
Speaking at the inauguration of Indian Electrical & Electronics Manufacturers’ Association’s three day conference – INTELECT 2017 and DISTRIBUELEC, Goyal said India is world’s largest market for this sector.
“We have billion people aspiring for better quality of life and have an nascent and latent energy demand which will expand this sector by almost four times in next 15-17 years,” Goyal said.
He further said different estimates have been made out but very clearly this is one sector where any amount of investment made has the fastest payback.
“Both in terms not only in economic terms but also in terms of quality of life of our people but also has a great deal to do with a necessity for the entire economic development of the country for years and years,” he added.
With over 100 exhibitors, the event has brought together senior officials from Ministry of Power, state utilities, distribution companies, etc under one common platform, to discuss global best practices and seek solutions to some of the most pressing challenges pressing challenges in the field of intelligent electricity.