EESL signs MoUs with AP government, announces Rs 3,730 crore investments in e-mobility, renewable energy

Energy Efficiency Services Ltd (EESL) recently signed MoUs with Andhra Pradesh government and announced investment of Rs 3,730 crore in the state.

The MoUssigned at CII Partnership Summit , span across e-mobility, energy efficiency and renewable energy and aimed to create 15,000 jobs and save up to Rs 3,185 crore.

The MoUs were signed in the presence of CM N Chandrababu Naidu, EESL managing director Saurabh Kumar and AP principal energy secretary Ajay Jain at the CII Partnership Summit 2018.

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 establishment of small solar PV-based power projects in phases.

The signing of these MoUs underscores our commitment to enabling more innovation, transformation and transparency through cost-effective and scalable solutions,” said Saurabh Kumar.

With IANS inputs


ReNew Power to invest Rs 13,000 crore to develop renewable energy capacity in Andhra Pradesh

India will achieve its target of 175 GW of installed RE capacity before 2022: Anand Kumar

BMW and Great Wall inks letter of intent to produce electric Mini vehicles in China