Energy Efficiency Services Limited (EESL), a joint venture of public sector undertakings under the administration of the ministry of power has signed memorandum of understanding (MOUs) valued at ₹500 crore with key state bodies and industry partners. The focus of the MoUs is to formulate a framework for longstanding collaboration in key areas of energy efficiency.
Ladakh Autonomous Hill Development Council, Leh (LAHDC), and Vidhya Pratishthan have partnered with EESL. The exchanged MoUs, worth ₹300 crore and ₹200 crore respectively, focus on crucial aspects of energy efficiency, including lighting, clean cooking, space heating, renewables, e-mobility, cooling, and consultancy.
As per the press release, the agreements lay the foundation for executing projects that implement energy-efficient measures across various facilities, regions, and communities. The MoU with LAHDC includes space heating solutions across various locations in the Union Territory of Ladakh, using innovative heat pump technology.
This is a follow-up to the recent signing of the company’s MoU for the distribution of 2,000 induction cookstoves in Ladakh, which demonstrates EESL’s commitment to comprehensive energy solutions in the region.
Vishal Kapoor, Chief Executive Officer, EESL said, “The joint association between EESL and our partner organizations marks a strategic step forward in our collective pursuit of energy efficiency and sustainability. Through these partnerships, we are setting the groundwork for transformative projects that will significantly contribute to India’s journey towards an energy-efficient future. In line with the vision set forth by the G20 Presidency and COP’28, this collaborative initiative aims to propel India towards its ambitious carbon neutrality goals”.
