India seeks AI solutions from IT firms, startups to reduce power loss
The government plans to rope in artificial intelligence (AI) through established IT players and startups to resolve high distribution losses, the biggest problem of the power sector in India.
India's AT&C losses are one of the highest in the world, worse than even Bangladesh, posing a major challenge to the financial viability of the entire power sector. The technology service providers will use artificial intelligence, machine learning, blockchain and Internet of Things in the power distribution sector to analyse data to be available via implementation of metering of consumers, transformers and feeders in distribution areas. [1]
Figure 1. India seeks AI solutions from IT firms, startups to reduce power loss
Figure 1 shows the power ministry will shortlist 4-5 technological service providers, 2-3 established companies and 1-2 startups to solve problems identified in each discoms. Startups operating in the technology service provider space will [2] receive grants up to 40 lakhs while established technology service providers will not receive any financial help.
REC Ltd, which is the designated agency for the programme, has recently signed an MoU with SINE as incubator-cum-technology partner under IIT Bombay. With this, SINE Mumbai is expected to announce the challenges for identifying [4] technology service providers soon.
The plan is a part of the Rs 3.03 lakh crore reform-based and result-linked scheme, and the power ministry has authorised a corpus of Rs 4 crore for the primary 12 months.
“Huge data will be thrown up when we implement smart meters in a time-bound manner. We are conscious that this data should be analysed intelligently in a way that it leads to good actionable points for the utility managers and for the policy [3] makers,” Power Secretary Alok Kumar mentioned. He mentioned as soon as the AI fashions mature, they are going to be replicated throughout the nation.
References:
- https://economictimes.indiatimes.com/tech/startups/india-seeks-ai-solutions-from-it-firms-startups-to-reduce-power-loss/articleshow/89415811.cms
- https://analyticsindiamag.com/india-seeks-ai-solutions-to-tackle-power-distribution-losses/
- https://www.pehalnews.in/india-seeks-ai-solutions-from-it-firms-startups-to-reduce-power-loss/1615159/
- https://content.techgig.com/technology/india-seeks-help-from-it-firms-for-ai-solutions-to-reduce-power-loss/articleshow/89449333.cms
Cite this article:
Thanusri swetha J (2022), India seeks AI solutions from IT firms, startups to reduce power loss, Anatechmaz, pp. 163