EESL Aims To Become A Rs 10,000 -Crore Company In The Next Three Years

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  • EESL said that its revenue has grown at a CAGR of 114.96 per cent from Rs 26 crore in FY 2013-14 to Rs 2565 crore in FY 2018-19
  • R.K. Singh, minister of state, ower and new and renewable energy announced the commissioning of 100 MW cumulative capacity decentralised solar power plants connected to agriculture feeders

R.K. Singh, minister of state, ower and new and renewable energy announced the successful installation of 10 lakh smart meters across India, under the government of India’s Smart Meter National Programme (SMNP) during the occasion of 10-year completion of Energy Efficiency Services Limited (EESL).

EESL said that its revenue has grown at a compounded annual growth rate (CAGR) of 114.96 per cent from Rs 26 crore in FY 2013-14 to Rs 2565 crore in FY 2018-19. It aims to become Rs 10,000 -crore company in the next three years.

EK EESL launched

Singh added, “Energy efficiency and conservation have been central to India’s climate action. The scale and pace of our energy efficiency initiatives have been unprecedented, with an immense impact that has been acknowledged globally and the world is keen to replicate. I would like to congratulate EESL for their relentless efforts towards achieving the country’s energy efficiency goals and completing an exceptional decade of success. I look forward to many more years of EESL’s endeavours in catalysing innovative solutions for an energy future that is sustainable, accessible, and reliable.”

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Singh also announced the commissioning of 100 MW cumulative capacity decentralised solar power plants connected to agriculture feeders. He also launched the dashboards of Smart Meter National Programme (SMNP), National Electric Mobility Programme and solar initiatives to monitor the real-time progress of the programs. He also launched an integrated mobile application named EK EESL.

MoU with Provincial Energy Authority

During the event, EESL and Provincial Energy Authority, ministry of interior, Royal Thai Government signed an MoU for long-term cooperation and collaboration to speed up the implementation and deployment of energy efficiency measures at SMEs in Thailand.

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