The new joint venture, named IntelliSmart Infrastructure will implement, finance and operate the smart meter roll-out programme of power distribution companies.
“This venture will support the ambitions of ongoing government programmes, such as UDAY
and National Smart Grid Mission,” said Saurabh Kumar, managing director, EESL.
The Central government plans to install 250 million smart meters
in the next few years. In its statement, EESL
has been spearheading the smart meter deployment in India with the installation of over 625,000 smart meters.
This partnership of NIIF
and EESL will give a fillip to the smart meter ambition of the Government of India.”