Feedback Energy Distribution Company (FEDCO) has signed a Memorandum of Understanding (MoU) with Australia-based ‘Village Energy’ to install smart meters and demand-side management (DSM) measures in its areas of operation.
Under the MoU, Village Energy will implement next-gen technology along with smart meters for better consumer service in FEDCO’s rural area of operations. The companies exchanged the MoU in the presence of Premier of Western Australia Mark McGowan and Aussie cricket legend and Village Energy advocate Adam Gilchrist in Delhi last week.
FEDCO, a 100% subsidiary of Feedback Infra, provides electricity to consumers across areas in Odisha and Meghalaya. It is one of the few successful examples in the country where private participation has ensured better management of electricity distribution.
“We hope that this will be a revolutionary step towards better consumer delight and a step towards making real-time technology viable for the rural consumers. We are confident that with introduction of this technology, our cost of service to consumers residing in rural areas will be drastically reduced without compromising on consumer service” said Devtosh Chaturvedi, Managing Director, FEDCO.
Founded in 2018, Village Energy aims to help eliminate energy poverty by building thriving communities through the use of advanced technology that helps grid operators improve the reliability and affordability of providing energy to consumers.