| 300 of SBI's new 545 ATM will be solar |
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| Monday, 15 March 2010 | |
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A conventional ATM consumes about 1000 W of power and requires an air-conditioned environment-another 1500 W-for functioning. Thus, a conventional ATM consumes about 1800 units of power every month.
Vortex Engineering, a provider of Rural ATMs (Automated Teller Machines), has announced India's first large-scale rollout of Solar ATMs. This rollout follows the winning of an order from State Bank of India for a deployment of 545 ATMs across semi-urban and rural India. Of these 545 ATMs, over 300 will be solar-powered. Vortex's Solar-powered Gramateller Duo ATMs consume less than 100 W of power and do not require air conditioning, thus consuming less than 72 units per month, as the company states. This indicates a saving of 1728 units per month and at least Rs 1,20,000 per year (at a conservative commercial rate of Rs 6 per unit) when compared to a conventional ATM installation. Compared to conventional ATM installations, Vortex's solar-powered Gramateller Duo ATMs reduce CO2 emissions by at least 18,500 kg per year. Commenting on the rollout, V Vijay Babu, CEO, Vortex Engineering, said in Chennai on Friday, "With an ATM penetration of about 0.04 per 1000 people in India, there is a huge need for Rural ATMs. With this solar innovation becoming a viable option, Vortex looks forward to revolutionising the Rural ATM market. The company is extremely thankful to IIT Madras and State Bank of India." |