EESL inks pacts worth Rs 500 cr for large-scale energy efficiency programs
EESL is collaborating with international bodies like Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) and Green Growth Asia Foundation (GGAF) along with educational institution IIT Hyderabad to drive large-scale energy efficiency initiatives, according to a statement.
)
EESL inks pacts worth Rs 500 cr for large-scale energy
State-owned Energy Efficiency Services Ltd (EESL) on Tuesday said it has inked pacts worth Rs 500 crore with leading international and Indian bodies.
EESL is collaborating with international bodies like Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) and Green Growth Asia Foundation (GGAF) along with educational institution IIT Hyderabad to drive large-scale energy efficiency initiatives, according to a statement.
EESL, a joint venture of Public Sector Undertakings under the Ministry of Power, has strengthened its commitment to sustainable energy transformation by forging strategic partnerships at India Energy Week 2025 to mark its 15th foundation day.
The company has signed Memoranda of Understanding (MoUs) and agreements worth Rs 500 crore with leading international and Indian bodies, paving the way for innovative energy efficiency solutions and collaborative growth, the statement said.
EESL formalised partnerships with Indonesia-Malaysia-Thailand Growth Triangle, Joint Business Council (IMT-GT JBC), GGAF, and IIT Hyderabad, reinforcing its commitment to innovation and cross-border cooperation.
The MoUs focus on advancing critical areas such as energy-efficient lighting, clean cooking solutions, space heating, renewable energy, electric mobility, cooling technologies, and consultancy services.
Additionally, EESL signed agreements to implement Solar Power Micro Cold Storage Solution (SPMCS) with HP Nursery Management Society under the Department of Horticulture, Himachal Pradesh; Susag Millet Producer Company Ltd and Giri Siri Tribal Farmers Producer Organisation through ESAF, Andhra Pradesh.
These partnerships aim to provide farmers with sustainable and energy-efficient storage solutions, helping reduce post-harvest losses and cut GHG (greenhouse gas) emissions from the produce at the farm gate.
The MoU with IMT-GT highlights a large-scale rollout of energy-efficient solutions outside international boundaries, while partnerships with educational institutions like IIT aim to integrate innovative technologies into their operations.
"The partnerships and initiatives unveiled on Day 1 of the event reflect our unwavering commitment to innovation and collective action," Vishal Kapoor, CEO of EESL, said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Written By: PTI
Updated: Tue, Feb 11, 2025
05:25 PM IST
05:25 PM IST
PTI
RELATED NEWS
Exide Industries invests over Rs 100 crore in subsidiary making advanced chemistry batteries
EESL inks Rs 110 crore agreements to provide energy-efficient solutions 
These highways, expressways will soon get over 800 new EV charging stations - List 
Smart electricity meters in rural India a win-win, says ADB
Tata Motors to roll out electric variant of Tigor from Sanand plant