Government of India have issued advisories to the States in 2019 to draw up a road map for switching over to Smart meters, in prepaid mode, over a period of next three years.
Energy Efficiency Services Limited (EESL), a Joint Venture (JV) company of Central Public Sector Enterprises (CPSEs) under Ministry of Power is also installing Smart Meters in several States, including NDMC area in New Delhi, where the initial investment is being done by EESL and the states/utilities pay back to EESL on monthly rental basis.
Apart from NDMC, EESL has signed MOUs/Agreements with the states of Uttar Pradesh, Haryana, Bihar, Telangana and Andhra Pradesh for installation of Smart Meters.
Government of India is also assisting the States through various ongoing schemes for installation of Smart Meters in pre paid mode. Under Integrated Power Development Scheme (IPDS), Government of India has sanctioned an amount of Rs.834 crore for installation of about 41.5 lakh Smart Meters in 12 States.