Explore Business Standard
EDF India on Wednesday announced a strategic joint venture (JV) with Actis, a leading global investor in sustainable infrastructure, to deploy smart metering infrastructure. This collaboration aims to operate a dedicated platform company for Advanced Metering Infrastructure Service Provider (AMISP) concessions, reinforcing EDF India's and Actis' commitment to investing in the Indian power sector, a company statement said. Under this joint venture, EDF India and Actis will bring together their global expertise in energy solutions and infrastructure investments. The Indian government is actively driving the National Smart Metering Project under the Revamped Distribution Sector Scheme (RDSS), targeting the deployment of 250 million smart meters by 2025, it said. These advanced metering solutions are designed to enhance operational efficiencies, reduce aggregate technical and commercial losses, and bolster the financial sustainability of India's power distribution companies ...
India's critical role in achieving global climate targets lies in its potential to lead through innovation, strategic partnerships and scalable climate solutions, said Fred Krupp, president of the Environmental Defense Fund. In an interview with PTI, he outlined India's unique position as an emerging economy balancing rapid economic growth with ambitious climate goals. Krupp underscored that while the world is lagging in addressing the climate crisis, countries like India have a chance to accelerate progress. "India is aiming to become one of the world's top three economies while keeping its climate goals in focus. If India can successfully produce energy-efficient goods, increase renewable energy, and adopt low-carbon manufacturing, it would have a profound global impact," he said. Environmental Defense Fund or EDF is a United States-?based nonprofit environmental advocacy group. The group is known for its work on issues including global warming, ecosystem restoration, oceans, and