Actis and EDF India to form a joint venture.

Actis, a global investor in sustainable infrastructure, and EDF India, an arm of France's EDF, an electric utility company, agreed to form a joint venture to operate a dedicated platform company for Advanced Metering Infrastructure Service Provider concessions. Financial terms were not disclosed. "This collaboration marks a significant step in our continued commitment to India’s power sector. Smart metering is a critical component in ensuring efficient energy consumption, reducing losses, and improving billing accuracy for consumers. We look forward to working with EDF, a leader in the sector globally, to scale our joint venture in India," Asanka Rodrigo, Actis Partner.