EDF Aims to Raise $100 Million for Smart Meter Business Expansion

28 Dec 2023 CW Team

EDF, the French government-owned utility services provider, is reportedly looking to raise $100 million to fuel the expansion of its smart meter business. The move is part of a strategic initiative to enhance and broaden the deployment of smart meters, aligning with the global trend towards advanced metering infrastructure for improved energy management.

The fundraising effort signals EDF's commitment to investing in innovative technologies that contribute to the modernisation of energy infrastructure. With government backing, the utility aims to play a significant role in the evolution of smart metering solutions, promoting energy efficiency and sustainability.

As EDF advances its smart meter business expansion plans, the move reflects the utility's vision for a more interconnected and digitally enabled energy landscape. The funds raised are expected to support the deployment of smart metres, empowering consumers and optimising energy consumption patterns in line with evolving technological advancements.

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

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Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..