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ment and manage their assets effectively. Innovation will be a key to the success of this initiative. One such innovation is the Radiofrequency identification (RFID) technology that will play a critical role in this arena. RFID is a technology wherein there is wireless use of electromagnetic fields to transfer data, for automatic identification and tracking tags attached to objects. RFID is a method for Automatic Identification and capturing of data. The use of the RFID technology will bring in efficiency and thus support power utilities to manage transmission and distribution assets effectively. The technology will help in faster tracking of location and identification of the assets in the field. Even recording the movement of asset from one plant will be easier. Verification process will be faster and all assets can be covered every year accurately with no manual interventions. The real time data can be configured and errors arising out of manual verification process can be eliminated. In order to make smart cities a reality and to propel India into the future India needs sustainable, reliable and uninterrupted power supply. This means that we as a nation not only need to maximize and increase the efficiency of power generation from traditional sources of power such as coal and oil but also that we need to put a greater focus on developing new and renewable energy. The net metering policy will enable individuals to generate power and feed in to the grid. Developing India’s capability in the new and renewable energy space is another key requirement to ensure success of the smart cities project. India has immense potential in this area and many efforts have already been SMART CITIES initiated by the government for the development of solar energy. India’s challenges with harnessing renewable energy are unique. For example, accumulation of dust on solar panels and high per unit cost of energy are some of the challenges the renewable energy industry in India faces. Therefore it is important to increase and incentivize focus on developing indigenous technology and indigenous solutions. Conclusion India is witnessing unparalleled transformation from rural to predominantly urban living over the last two decades. From 2001 to 2011, the number of metropolitan cities in India has increased from 35 to 53. At present, these cities account for 43 percent of the urban population in the country. Furthermore, the number of these metropolitan cities is expected to increase to 87 by the year 2031. It has been estimated that the urban population in the country would almost double from 2014 to 2050. The power sector will play a huge role in ensuring that the challenges being presented by India’s unprecedented growth are met. The Indian power sector needs to be enabled and empowered so that it can be a propel India’s growth and not hinder it �� The players are expected to not only increasingly contribute to the infrastructural advancement but also innovate new technology so as to enrich customer contentment and manage their assets effectively. Innovation will be a key to the success of this initiative 75 energetica INDIA · MAY | JUN16


energetica-india-57_asiapowerweek
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