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GSEDP Secures Rs 21.28 billion loan from IREDA for Smart Meter Project in UP

Published on January 11, 2025
Current Context: GMR Smart Electricity Distribution (GSEDPL), a subsidiary of GMR Power and Urban Infra (GPUIL), has secured a loan of ₹21.28 billion from the Indian Renewable Energy Development Agency (IREDA).
GSEDP Secures Rs 21.28 billion loan from IREDA for Smart Meter Project in UP
  • 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
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