NEW DELHI, Feb 26: EDF India announced a strategic partnership with Actis, a prominent global investor in sustainable infrastructure, to implement smart metering infrastructure.
This joint venture aims to establish a specialized platform company for Advanced Metering Infrastructure Service Provider (AMISP) concessions, emphasizing the commitment of both EDF India and Actis to invest in India’s power sector, according to a company statement.
Through this collaboration, EDF India and Actis will combine their extensive global expertise in energy solutions and infrastructure investment.
The Indian government is currently advancing the National Smart Metering Project under the Revamped Distribution Sector Scheme (RDSS), with a target of installing 250 million smart meters by 2025.
These sophisticated metering solutions are intended to improve operational efficiencies, mitigate aggregate technical and commercial losses, and enhance the financial health of India’s power distribution companies (DISCOMs). Federico D’Amico, CEO of EDF India, remarked, “We are thrilled to partner with Actis to expedite the rollout of smart metering infrastructure in India.”
Asanka Rodrigo, Partner at Actis, emphasized, “Smart metering is essential for ensuring efficient energy utilization, minimizing losses, and improving billing accuracy for consumers.”
The joint venture between EDF India and Actis supports India’s broader goal of creating a more resilient and efficient power distribution network.
By utilizing innovative technology, data analytics, and international best practices, this initiative aims to significantly transform the country’s power sector, benefiting both utility providers and consumers. (PTI)
