State-run EESL plans to sell its 49% stake in IntelliSmart
1 month ago

State-run EESL plans to sell its 49% stake in IntelliSmart

Live Mint  

State-run Energy Efficiency Services Ltd plans to sell its 49% stake in IntelliSmart Infrastructure Pvt. Ltd, its joint venture with National Investment and Infrastructure Fund Ltd for smart metering and digital solutions, two people aware of the development said. IntelliSmart is in the process of replacing 27.6 million of India's 250 million conventional meters with smart meters, in the world’s largest such programme, aimed to reduce power theft and ensure reliable electricity supply. EESL, a joint venture of NTPC Ltd, Power Grid Corp. of India Ltd, Power Finance Corp. and REC Ltd, holds 332.2 million shares in IntelliSmart as per its annual report for FY24, with each share with a face value of ₹10. According to the Union power ministry's National Smart Grid Mission website, 222.4 million out of the targeted 250 million smart meters have been sanctioned, and 16.4 million meters have been installed so far.

India Gujarat Power Crore Smart Eesl Niif Intellismart Million Meters  49  million  meters  plans  crore  sell  eesl  pvt  staterun  stake  power  intellismart  smart  services  metering

History of this topic

EESL pledges support to Energy Efficiency projects
1 year, 6 months ago

EESL pledges support to Energy Efficiency projects

The Hindu  

Energy Efficiency Services Limited CEO Vishal Kapoor pledged his support to the implementation of Energy Efficiency projects in the State aimed at mitigating the impact of climate change, especially in the Micro, Small and Medium Enterprises sector. Addressing a meeting of senior officers of the State Panchayat Raj and Rural Development, Municipal Administration and Urban Development, and Departments of Industries …

Discover Related