Planned investment by EESL ($129 million) over the next three years in the U.K. toward various energy efficiency programs, according to a government email.
13 May 2017
Power, Coal and Mines Minister Piyush Goyal will formally announce plans during his London visit.
LEDs will be distributed in the U.K. through a pay-as-you-go model. EESL will take the help of its U.K. partner Cenergist Ltd., and target replacement of incandescent and halogen bulbs in social housing cooperatives with energy efficient LED lighting.
cost of each bulb that will be provided by EESL - a third cheaper than similar products sold in stores.
Cost of acquisition of two local operating companies running energy efficiency programs - this will enable EESL to bolster its U.K. expansion.
different projects of energy efficiency including a community centre, school, hospital and golf course have already been initiated.
Value of U.K.'s energy efficiency services market which EESL hopes to capture a major share in.
Investment made by EPAL, a joint venture between Indian state-owned Energy Efficiency Services Limited (EESL) and UK-based EnergyPro Limited (EP), in a previously announced and nearly completed advanced battery storage project in Ontario, Canada, known as Basin 1 & 2. The project will involve a partnership with leading battery storage solutions provider Leclanché. Agreement signed on 08 Nov 2017.