India's first smart grid project gets IBM aid

IBM will conduct a cost-benefit analysis on various smart grid initiatives by India's National Mission for Enhanced Energy Efficiency (NMEEE). 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 to determine 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 towards more sustainable energy networks," says IBM's Avinash Joshi, adding that the company is involved in more than 150 smart grid efforts around the world.

- K.C. Krishnadas
  EE Times