EESL signs MoU for large-scale energy efficiency programs worth Rs 500 crore
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 signs MoU for large-scale energy efficiency programs worth Rs 500 crore
Energy Efficiency Services Ltd. (EESL), a state-owned company, has signed agreements with important Indian and foreign organizations valued at Rs 500 crore. EESL is collaborating with international bodies like the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) and the Green Growth Asia Foundation (GGAF), along with educational institution IIT Hyderabad, to drive large-scale energy efficiency initiatives, according to a statement.
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 has formalized partnerships with the Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council (IMT-GT JBC), GGAF, and IIT Hyderabad, demonstrating its commitment to innovation and cross-border collaboration.
The memoranda of understanding (MoUs) focus on advancing key areas such as energy-efficient lighting, clean cooking solutions, space heating, renewable energy, electric mobility, cooling technologies, and consultancy services.
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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.
While collaborations with academic institutions like IIT seek to incorporate cutting-edge technologies into their operations, the Memorandum of Understanding with IMT-GT emphasizes a broad implementation of energy-efficient solutions across international borders. "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.
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