IT major IBM is in collaboration with The Bureau of Energy Efficiency (BEE) in India to create the country's first smart grid project. Together they will create a cost benefit analysis for smart grid activities as part of the National Mission for Enhanced Energy Efficiency (NMEEE).
A BEE project, NMEEE, is one of eight national missions that promote innovative policy and regulatory regimes, financing mechanisms and business models that help sustain the market for energy efficiency, a company release said here.
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Through this project, IBM plans to apply its services expertise to help determine smart grid readiness in India.