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Smart Meters Lure PE to Power Sector
Hindustan Times West UP
|June 27, 2025
Smart electricity metering in India may offer a promising and largely untapped opportunity for private equity investors, given its $30 billion potential and some recent investments in a sector that has traditionally been dominated by government-run utilities.
MUMBAI: Actis invested $200 million in a joint venture with EDF India in February that will deploy smart meter infrastructure in the country.
Singapore's GIC invested ₹519 crore in Jaipur-based Genus Power Infrastructures in July 2023. They agreed to set up a platform to install smart meters and provide associated services, committing to an initial pipeline with a capital outlay of about $2 billion.
The government will invest an estimated $30 billion to install 250 million smart meters in the country, GIC and Genus said in July 2023.
This story is from the June 27, 2025 edition of Hindustan Times West UP.
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