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- The purpose of this loan is to fund the installation of 7.57 million smart meters across five zones in Uttar Pradesh.
- This project, awarded in July 2023, aims to enhance the efficiency of electricity distribution and is in line with the Ministry of Power's directive to implement smart meter installations.
- The smart meters will help in better management of electricity consumption, reduce losses, and improve the overall reliability of the power supply in the region.
Question:
1 What is the total loan amount secured by GMR Smart Electricity Distribution (GSEDPL) from the Indian Renewable Energy Development Agency (IREDA)?
- A) ₹15.25 billion
- B) ₹21.28 billion
- C) ₹30.00 billion
- D) ₹25.50 billion