ADB clears $250-mn loan to help EESL expand power efficiency assets
EESL had been created in 2009 being a partnership of four sector that is public for the Ministry of capacity to pursue large-scale energy savings investments

Press Trust of Asia | New Delhi Last Updated at November 28, 2019 00:10 IST

EVEN STUDY
State-run EESL aims to triple revenue to Rs 10,000 crore in 36 months
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Power Ministry asks state to expedite reforms, recommends to follow PPAs
EESL, Ahmedabad Municipal Corp enter deal that is 10-year build EV infra
Govt purchase helps Mahindra EV product product sales increase 2 more information.5 times to 10,276 devices in FY19

The Asian developing Bank (ADB) on said it has approved a loan of USD 250 million (about Rs 1,775 crore) as part of an assistance package to EESL to expand energy efficiency investments in India wednesday.

The newest ADB task is a sector loan assured by the us government of Asia, making it possible for undertaking of sub-projects with a high readiness and addition of newer sub-projects since they are developed, the agency that is multilateral.

Tasks to be undertaken because of the vitality savings Services Limited (EESL) in eligible states include energy savings opportunities perhaps perhaps not targeted by conventional energy service provider investments, such as for instance smart meters, distributed solar photovoltaic systems, and e-vehicles.

EESL had been created in 2009 as a jv of four general public sector undertakings of this Ministry of capacity to pursue large-scale energy savings assets, supplying an extensive package of project design, implementation, monitoring, and investment.

The cost that is total of task is USD 592 million, of that your Clean tech Fund will offer USD 46 million to be administered by ADB, as well as the EESL will add USD 296 million. […]

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