EDF India has announced a strategic joint venture with Actis, a global investor in sustainable infrastructure, to establish a dedicated platform company for Advanced Metering Infrastructure Service Provider (AMISP) concessions. This initiative reinforces both companies' commitment to the Indian power sector by combining their expertise in energy solutions and infrastructure investments.

The Indian government's National Smart Metering Project, part of the Revamped Distribution Sector Scheme (RDSS), aims to improve operational efficiency, reduce technical and commercial losses, and strengthen the financial viability of power distribution companies (DISCOMs). The joint venture between EDF India and Actis aligns with these objectives, focusing on accelerating the deployment of smart metering solutions across the country.

By leveraging advanced technology, data analytics, and global best practices, this partnership is expected to enhance energy consumption efficiency, minimize losses, and improve billing accuracy for consumers. The collaboration also supports India's broader goal of creating a more resilient and efficient power distribution network.

Actis, known for its investments in sustainable infrastructure, focuses on long-term growth in critical sectors such as energy transition, digitalization, and supply chain transformation. The firm brings extensive global experience and operational expertise to the partnership, aiming to scale sustainability-driven solutions in the Indian market.

EDF Group, a global leader in low-carbon energy, operates across various aspects of the energy sector, including power generation, distribution, and energy services. With a diverse energy portfolio emphasizing nuclear and renewable sources, EDF is dedicated to building a net-zero energy future through innovative technologies and sustainable solutions.

This joint venture marks a significant milestone in India's smart metering journey, offering transformative benefits for both utilities and consumers while contributing to the country's energy transition goals.

News source: The Tribune