Sri Vijaya Puram, March 17: In a significant move towards modernizing the power distribution network in A&N Islands, two agreements and one MoU costing more than Rs. 500 Crores have been signed today at Sri Vijaya Puram under the project of Revamped Distribution Sector Scheme (RDSS) in the august presence of the Chief Secretary, A&N Administration, Dr. Chandra Bhushan Kumar, IAS. The MoU for Smart Metering project costing Rs. 53.26 Crores, the agreement for Loss Reduction costing Rs.247.12 Crores and agreement for Interconnection of Islands costing Rs.208.04 Crores was signed by the Secretary (Power) on behalf of A & N Administration and senior officials of Power Grid. The Power Grid was nominated by Ministry of Power as Project Implementing Agency (PIA) for execution of these components under RDSS.