8 billion rupees will be spent on the purchase of smart meters and technical losses will also be reduced by smart meters: LESCO/File Photo LAHORE: LESCO Board has approved smart meters to prevent electricity theft. According to LESCO officials, the purchase of smart meters But 8 billion rupees will be spent and technical losses will also be reduced with smart meters. LESCO officials said that 5 billion rupees can be saved by installing smart meters in 5 years, smart meters will be useful for 20 years while Alteration and tampering of meter readings will not be possible.