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Singapore’s GIC to Invest $2 Billion in Genus Power’s Smart Metering Platform

GIC will own a 74% stake in the India-based smart metering platform

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Rajasthan-based smart metering solutions company Genus Power Infrastructures has signed definitive agreements with Gem View Investment, an affiliate of the GIC, Singapore’s sovereign wealth fund, to set up a platform to undertake Advanced Metering Infrastructure Service Provider (AMISP) concessions with an initial investment of $2 billion.

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