New Delhi, India --- (METERING.COM) --- March 27, 2012 - The U.S. Trade and Development Agency (USTDA) has signed two grants to finance the development of smart grids in India.

One of the grants will support a feasibility study for CESC Limited for the implementation of smart grid technologies across its electricity distribution networks in Kolkata. The project is a top priority for CESC, and should improve efficiency and energy reliability for its 2.5 million customers. The study will develop a smart grid pilot project as well as the requirements for broad implementation.

The second grant will support a feasibility study on the development of a rural microgrid solar power project for Azure Power, a private sector solar power developer based in India. Azure aims to set up over 100 microgrid solar systems, with each system covering an average of 2-3 acres of rural land with little or no connectivity to existing electrical grids.

The grants are offered to support the investments of Indian utility companies in clean energy infrastructure, while opening up the market up for the cutting edge technologies of U.S. clean energy businesses. According to a USTDA statement their successful implementation could generate more than $250 million of exports for U.S. companies.