📋 Tender Overview
Project Number
51177
Company Name
Bharat Grid Private Limited
Date SPI Disclosed
May 5, 2025
Country
India
Region
South Asia
Projected Board Date
Jun 25, 2025
Environmental Category
B
Status
Pending Approval
Last Updated Date
Department
Regional Industry - INF Asia & Pac
Industry
Infrastructure
Sector
Energy Efficiency
Project Description
IFC, already an investor in Actis Asia Climate Transition ( AACT ), proposes to invest up to US$20 million (alongside an investment of US$80 million by AACT) through an Actis partnership, which together with other Actis partnerships will indirectly hold, subject to regulatory approvals, a 49% stake in Bharat Grid Private Limited ( BGPL ). BGPL is an Indian smart meter platform established by the EDF group which will bid for, own, and operate 10-year smart meter concessions under the Indian government's Revamped Distribution Sector Scheme ( RDSS ) including other smart metering projects/schemes in India
