CESC signs pact with US firm for smart grid business

NEW DELHI: CESC Ltd today entered into a pact with US-based Silver Spring for exploring business opportunities in India in the smart grid space.

"A Memorandum of Understanding has been executed on December 2, 2015 with Silver Spring, a US-based Company and a market leader in Smart Grid space across the globe, for exploring business opportunities in India in the same space," CESC Ltd said in a filing to the BSE.

As part of its ongoing drive for modernising its transmission and distribution network, as a pilot project CESC will work with Silver Spring on smart grid distribution models in parts of South Kolkata under CESC's licensed area, the company said.

CESC is a fully-integrated electrical utility company and has been generating and distributing power in Kolkata and Howrah.

The company has private participation in generation, transmission and distribution of electrical power. It owns and operates three thermal power plants generating 1125 MW of power.