Global IT services major IBM is in talks with three power distribution companies for implementation of its 'Intelligent Network' system, which will help them in extending equipment life, defer costly network upgrades and prevent network failures.
"We are in discussions with three major companies—NDPL, Reliance Energy and Power Grid Corporation for installation of Intelligent networks and the deals are likely to be finalised before the end of the year", IBM's Energy and Utilities Group Head Reji Kumar told.
The new system has been designed to enable electricity grids to deliver better services without sudden increase in price, he said.
"We are also talking with local manufacturers here for supply of meters that have to be deployed with the system," Kumar said.
Intelligent Networks is based on advanced network analytics, automated meter management, remote asset monitoring and control, mobile workforce management and IP-enabled supervisory control and data acquisition.
"India currently faces losses of about 30-35 per cent in the power sector. With the implementation of this system, the losses can be minimised to a large extent", IBM Director Global Marketing Energy and Utilities Industry Brian Dalgetty said.
He said Indian companies already have an advanced infrastructure through which they can quickly shift to the Intelligent Network.