Smart Meter Projects News Today

Adani Energy Solutions Ltd. is in talks for a $600 million credit facility to fund smart meter projects for electricity supply. The foreign currency loan could have a tenor of three to five years, with pricing likely linked to the Secured Overnight Financing Rate. Adani Energy Solutions recently formed a venture with UAE-based Esyasoft for smart meter projects in India and overseas. India plans to roll out 250 million smart meters to address billing inefficiencies in power distribution. The Adan...

Polaris Smart Metering has secured two smart meter projects in Uttar Pradesh worth a total of Rs 5,200 crore. The contracts, awarded by Madhyanchal Vidyut Vitran Nigam Limited (MVVNL), involve installing over 5.1 million smart meters in Lucknow and Ayodhya/Devipatan. Under the agreement, Polaris Smart Metering will supply, commission, install, and maintain the smart meters for the next 10 years.