(ET)
India’s state-owned Energy Efficiency Services Limited (EESL) has announced the completion of installation of 10 lakh smart meters across India under the Government of India’s Smart Meter National Programme. EESL has set the target to install 25 crore smart meters over the course of next few years.
Finance Minister Nirmala Sitharaman in her budget speech this year allocated Rs 22, 000 crore for the power and renewable energy sector and urged state governments to implement smart meters in a time frame of over three years, which would give the consumers the right to choose suppliers and the rates. She addressed the fact that power distribution companies are under great financial stress and the way ahead is to move towards implementation of smart meters.
