EESL to invest 3730 crores in AP

The Energy Efficiency Services Ltd has signed MoUs with the state government for investing 3730 crores in AP at the CII Partnership Summit here on Saturday held at Visakhapatnam. 

The Memorandum of Understanding was signed in presence of AP Chief Minister Nara Chandrababu Naidu and EESL Managing Director Saurabh Kumar. 

The MoUs signed with EESL is aimed to create 15000 jobs spanning e-mobility, energy efficiency and renewable energy.  

The MoUs entail supply of 10,000 electric cars and 4,000 chargers to various departments of Andhra Pradesh through NREDCAP; supply of approximately 17 lakh smart energy meters to both power distribution companies in the state - APEPDCL and APSPDCL, and the establishment of small solar PV-based power projects in phases. 

Through the MoUs, EESL, a joint venture of PSUs under the Union Power Ministry, hopes to save Rs 3,185 crore. 

EESL is a joint venture of four National Public Sector Enterprises – NTPC Limited, PFC, REC and POWERGRID, and was set up under Ministry of Power. EESL is a Super Energy Service Company. 

It acts as the resource center for capacity building for State Distribution Companies (DISCOMs), Energy Regulatory Commissions (ERCs), State Development Authorities (SDAs), upcoming ESCOs, financial institutions, etc.
Founded in 2010 by the Government of India, EESL today is implementing the largest energy efficiency portfolio in the world. EESL's energy efficient appliances and technologies have saved India over 35 billion kWh energy annually. 

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