EESL, NIIF form joint venture to deploy smart meters across India

The new joint venture, named IntelliSmart Infrastructure will implement, finance and operate the smart meter roll-out program of power distribution companies

Energy Efficiency Services (EESL) and National Investment and Infrastructure Fund (NIIF) have entered into a joint venture for the deployment of smart meters across India, the two companies said in a joint statement on Thursday. 

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 added,