IFC plans $500 mn long-term financing for smart meter cos
Mint Mumbai|June 05, 2023
Smart metering is expected to cut commercial losses for power discoms to 12-15% by 2024-25
Beena Parmar & Debiyoti Roy
IFC plans $500 mn long-term financing for smart meter cos

The International Finance Corp. (IFC), the World Bank Group's private investment arm, plans to provide about $500 million (around *4,100 crore) in long-term financing to smart meter manufacturers in India.

Smart meters are devices connected through a web-based system to track energy consumption. This helps energy utilities reduce commercial losses of power and improve their finances.

Smart meter manufacturers in India include Genus Power Infrastructure, state-run Energy Efficiency Services Ltd (EESL), Gram Power (a wholly-owned unit of Singapore's Polaris Smart Metering Pte Ltd), IntelliSmart Infrastructure Pvt. Ltd (backed by quasi-sovereign fund manager National Investment and Infrastructure Fund (NIIF)), HPL Electric and Power Ltd, Avon Meters, Zen Meter, Schneider Electric and Allied Engineering Works.

هذه القصة مأخوذة من طبعة June 05, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 05, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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