the Ministry of Energy of Pakistan  has signed a Transaction Advisory Services Agreement with the International Finance Corporation, under which the global financial institution will serve as transaction advisor for the large-scale deployment of Advanced Smart Metering Infrastructure.   The objective is to mobilize both local and international investors for the installation, operation, and maintenance of smart metering infrastructure across the country.      The agreement  is part of a broader strategy  to digitize Pakistan’s power distribution system and replace outdated infrastructure with modern, technology-driven solutions. The reform drive is aimed at improving operational efficiency, ensuring financial sustainability, and enhancing service delivery.      Advanced Smart Metering Infrastructure is being positioned as a cornerstone of this transformation. Smart meters are expected to provide real-time monitoring of electricity consumption, significantly reduce power theft through anomaly detection, improve billing accuracy and recovery, and minimize human intervention to eliminate manual errors, said the Power Division. (ICE ISLAMABAD)

Fonte notizia: profit pakistantoday