ISLAMABAD (Kashmir English): The government has decided to install smart meters across all electricity distribution companies (DISCOs) in the country with financial support from multilateral institutions through loans worth billions of dollars.
According to an official statement, a meeting on the development programmes of electricity distribution companies was held under the chairmanship of Federal Minister for Economic Affairs and Establishment Division Ahad Cheema.
During the meeting, officials reviewed ongoing development projects of DISCOs and discussed efforts by the Economic Affairs Division to arrange financing for installing smart meters on transformers across all distribution companies.
The meeting was informed that the government plans to secure multi-billion-dollar loans from international financial institutions to support the nationwide smart meter installation project.
For this purpose, Pakistan will hold negotiations with the World Bank and the Asian Development Bank (ADB) to arrange the required funding.
The initiative aims to introduce smart metering systems across the country’s electricity distribution network.
