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New Delhi, July 12, 2010 Press Release

BYPL -IIT-Delhi ink India's first research and technology collaboration

in power distribution business

to reduce T and D losses and optimise distribution network capacity

In a path-breaking industry-academia collaboration to foster cutting edge research in the realm of power distribution, BSES Yamuna Power Limited (BYPL), discom with record AT&C loss reduction to its credit (63.16% to 23%) has entered into a Memorandum of Understanding (MoU) with Indian Institute of Technology (IIT) – Delhi- a mecca of cutting edge education and technology research

An agreement to this effect was signed today between Mr Ramesh Narayanan, CEO, BYPL and Dr Anil Wali, Managing Director, Foundation for Innovation and Technology Transfer (FITT) – a society established by IIT-Delhi for enhancing industry-academia interactions and cutting edge research. The initial duration of the MoU will be for a period of 3 years.

“This is a path-breaking and a revolutionary initiative, which is being carried out for the first time in India by a distribution company and a premier engineering institute”, said Mr Ramesh Narayanan, CEO, BYPL after the signing ceremony.

“Even though the distribution technology has made much advancement over the years, its basic contours have remained static since the early 1900’s. This collaboration will focus on how to improve value proposition for the consumers by focusing on how to leverage/ bring the next-level or “SMART” technology to the power distribution business and to keep pace with technological innovations taking place in the generation and transmission business”, added Narayanan.

“This collaboration will also focus on providing better value proposition for the consumers by minimizing variability of services through technological and R and D interventions. This will by done by devising ways to not only further improve the quality and reliability of power supply, but also finding newer methods to reduce transmission and distribution losses. This will be done by focusing on among other things including, last mile connectivity and both mass and high end technology.

Complementing BYPL for taking this big step, Dr Anil Wali said, “This step will set the wheels in motion for pioneering technology research in the power distribution business. Power distribution is a segment that no doubt will be the highest employment generator and growth engine for India. As power distribution is the most people interactive interface in the power industry chain, we are pleased to form this association with BYPL and help engineers look at technology from an end user - customers point of view."

“The ecosystem for dynamic industry-academia interface has to be fostered. This collaboration symbolizes our commitment to relate with business in a value-accretive partnership – one that is both long-term and trust-based. We hope our engagement with BYPL would enable knowledge sharing and technological innovations” Dr Wali remarked.

In the power sector, IIT-Delhi has been conducting research in the Generation and Transmission space in collaboration with Siemens, ABB, BHEL, General Electric as also with other heavy engineering companies such as Mitsubishi, Mercedes Benz - India Research Lab, BEL & Escorts Ltd.

“This collaboration will draw and leverage from each other’s strengths and expertise. While BYPL has the domain knowledge, IIT Delhi has the R and D expertise”, said a BYPL official.

BYPL and IIT-Delhi will define the various projects and their scope. For smooth execution of the tie-up, both BYPL and IIT-Delhi will appoint one Principal Project Investigator each, to coordinate the respective scope of work. The cost of the projects will be borne by BYPL.

Going forward, this collaboration is likely to generate a lot of proprietary ideas and research material and both BYPL and IIT-Delhi will have joint patents on Intellectual Propriety Rights (IPR’s) on these. BYPL will also have the sole and exclusive rights to use the results of project studies undertaken by this association and IIT-Delhi will use them for teaching purposes.

According to a BYPL spokesperson, “This industry institution collaborative initiative between BYPL and IIT-D is likely to create path-breaking possibilities. Besides creating newer technologies and practices, this association will also help to enhance the fit of engineering graduates and the power distribution industry. This will also give IIT-Delhi insights which can be used by them to introduce a new curriculum focusing specially on the training and manpower needs of the power distribution business”.

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For further information please contact:

Prashant Dua

Chandra P Kamat

Corporate Communications

Corporate Communications

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