EDF India and Actis Forge Strategic Partnership for Advanced Metering in India
Deal News | Feb 25, 2025 | Actis LLP
EDF India and global investor Actis have formed a strategic joint venture to establish a platform company for Advanced Metering Infrastructure Service Provider (AMISP) concessions in India. This partnership underscores their commitment to investing in the power sector with the aim of enhancing operational efficiencies, reducing technical and commercial losses, and supporting the financial sustainability of power distribution companies. This move aligns with the Indian government's National Smart Metering Project under the Revamped Distribution Sector Scheme, which plans the installation of 250 million smart meters by 2025.
Sectors
- Energy & Utilities
- Infrastructure Investment
Geography
- India – The joint venture is focused on developing advanced metering infrastructure specifically within the Indian power sector.
Industry
- Energy & Utilities – The article discusses a partnership aimed at developing advanced metering infrastructure, a key component in the modernization of energy systems.
- Infrastructure Investment – Actis is a leading investor in sustainable infrastructure, and the joint venture targets infrastructure improvements in India's power distribution sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EDF India | Joint Venture Partner | Company | EDF India is involved in the joint venture to provide expertise in energy solutions for the development of metering infrastructure. |
| Actis LLP | Joint Venture Partner | PE Firm | A global investor in sustainable infrastructure, Actis is partnering with EDF India to enhance the Indian power sector. |
| Indian Government | Government | Government | The government's National Smart Metering Project under the Revamped Distribution Sector Scheme aims to install 250 million smart meters by 2025. |