amount India’s largest energy saving services company, Energy Efficiency Services Ltd, intends to raise through a green bonds issue in London, possibly in November. The company is in the process of appointing a rating agency and a ‘certifying agency’ (to establish the green end-use of the funds) Managing Director Saurabh Kumar told BusinessLine.
public sector power companies (NTPC, REC, PGCIL and PFC), own EESL. EESL is in the business of replacing power guzzling electrical appliances with more energy efficient ones.
EESL sales in 2015-16, ten times the previous year. EESL is yet to formally announce results, but Kumar estimates post-tax profit at around ₹35 crore.
areas where EESL is focused on - replacement of CFL and ICL bulbs with energy efficient LED bulbs, replacement of fans with 5 star energy efficient ones and replacement of diesel operated and old, inefficient fans with either solar operated or energy efficient pumps.