Advanced Metering Infrastructure India signs agreements with Germany's KFW for energy reform programme in Madhya Pradesh
New Delhi/IBNS: The Indian government has inked an agreement with the German Development Bank – KFW (Kreditanstalt für Wiederaufbau) Thursday for Euro 140 million reduced interest loan and Euro 2 million grant for Energy Reform Programme in Madhya Pradesh.
On Thursday, Rajat Kumar Mishra, Additional Secretary of Department of Economic Affairs under the Ministry of Finance, signed the agreements on behalf of of Indian government while Dr. Juergen Welschof, Head of Division, Energy, South Asia signed for KFW.
The project comprises of two components namely, implementation of smart meters and Advanced Metering Infrastructure (AMI); and, separation of agriculture & non-agriculture feeders.
The project will contribute to a more stable, secure and climate and environmentally friendly energy supply in India by upgrading and strengthening distribution networks in Madhya Pradesh.
It will contribute to an effective, technically and economically efficient as well as socially and ecologically sustainable energy supply.
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