National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL) announced a new joint venture to implement, finance and operate the smart meter roll-out programme of power distribution companies. The joint venture IntelliSmart will operate by leveraging the expertise and capital of both the shareholders, EESL and NIIF. IntelliSmart will work collaboratively with all stakeholders to procure, deploy and provide operations and maintenance for the smart meter infrastructure.