New Delhi: India's state-owned Energy Efficiency Services Limited EESL ) has announced the completion of installation of 10 lakh smart meters across India under the Government of India's Smart Meter National Programme. EESL has set the target to install 25 crore smart meters over the course of next few years.Finance Minister Nirmala Sitharaman in her budget speech this year allocated Rs 22, 000 crore for the power and renewable energy sector and urged state governments to implement smart meters in a time frame of over three years, which would give the consumers the right to choose suppliers and the rates. She addressed the fact that power distribution companies are under great financial stress and the way ahead is to move towards implementation of smart meters.Speaking on the occasion, Power and renewable energy minister R K Singh said EESL has distributed over 36 crore LED bulbs. "Apart from this, about 80 crores bulbs are being sold through trade and all this together has lead to reduction in carbon dioxide emissions by 80 million tonnes every year under UJALA, which is perhaps the largest program in the world."The minister also announced the commissioning of 100 megawatt of decentralised solar power plants connected to agriculture feeders in Maharashtra, in each substation ranging from 0.5 Mw to 10 Mw capacity.EESL is a joint venture of Public Sector Undertakings (PSUs) under the Ministry of Power and has completed 10 years of scaling up energy efficiency programs in the country. The company said that the initiatives implemented by it over the last decade have led to energy savings of over 58 billion kilowatt hour and a reduction of over 46 million tonnes of greenhouse gas emissions across the globe.Singh at the event also launched the dashboards of Smart Meter National Programme, National Electricity Mobility Programme and EESL solar initiatives to transparently monitor their progress.