Puducherry: PFC Consulting Ltd. (PFCCL), a wholly-owned subsidiary of Power Finance Corporation Ltd. (PFC), has signed a Contract Agreement with M/s Apraava and the Project SPV to implement a Smart Metering Project in the Union Territory of Puducherry.
Agreement Formalized in Puducherry
The signing ceremony took place in the presence of Manoj Kumar Rana, CEO of PFCCL, Rakesh Mohan, CFO, and Sachin Shukla, CGM, along with other senior officials.
PFCCL Appointed as Project Implementation Agency
The Electricity Department of the Government of Puducherry has appointed PFCCL as the Project Implementation Agency (PIA). PFCCL will oversee the rollout of smart meters and ensure efficient execution of the project.
Benefits of Smart Metering for Puducherry
The installation of smart meters will:
- Improve billing accuracy and efficiency
- Reduce technical and commercial losses
- Enhance transparency in power usage and distribution
- Empower consumers with real-time consumption data and flexible payment options
Step Towards Modernizing India’s Power Sector
This initiative aligns with India’s broader agenda of modernizing the power sector. By adopting smart energy solutions, Puducherry moves closer to building a more efficient, transparent, and consumer-friendly electricity ecosystem.
About PFCCL
Power Finance Corporation (PFC) is a Public Sector Undertaking (PSU). The term “PFC” in this context refers to the Indian company Power Finance Corporation Ltd., which was established in 1986 to finance the country’s power sector and is a PSU under the Ministry of Power.
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