EESL signs MoU with MECON Limited to support in various

EESL signs MoU with MECON Limited to support in various energy efficiency measures across steel industries

Energy Efficiency Services Limited (EESL), a joint venture under the administration of Ministry of Power has signed a Memorandum of Understanding (MoU) with MECON Limited, a Public Sector Undertaking under the Ministry of Steel of the Government of India. The MoU has been signed to build a strategic partnership to support the implementation of various energy efficiency and resources conservation measures in the steel sector and associated mining industry.

Under this association, EESL and MECON will collaboratively work towards the implementation of solutions related to energy efficiency, clean energy, and other ancillary services in steel & mining industry.

​At the virtual MoU signing ceremony, Shri. S P Garnaik, Executive Director (Lighting), EESL, said “It has become vital to implement energy efficiency solutions across different sectors in order to move towards a cleaner and greener future. This partnership with MECON is a big step towards tapping the immense potential for energy efficiency specially in the steel & mining industries. Our expertise in handling the world’s largest energy efficiency portfolio and technical support from MECON will enable considerable energy savings and environmental benefits.”

Speaking on the partnership, Shri. R H Juneja, Director (Finance), MECON, said, “We welcome the collaboration with EESL, as their unique & vast expertise in energy efficiency and clean energy and MECON’s credible presence & vast experience in Iron & Steel sector will help in developing effective & energy saving projects. We are happy to be part of this Energy Efficiency revolution and helping India achieve its sustainability goals”. Shri S. K. Verma, Director (Commercial), MECON emphasized that this MoU will go a long way in implementing various energy efficiency measures in energy intensive Iron & Steel industry while synergising the strength & expertise of both the companies.

Through this partnership, EESL and MECON aim to jointly address solutions such as retrofitting LED lights, deployment of energy efficient motors (IE3 type) in place of conventional motors and EV transportation with necessary charging infrastructure in the steel Industry. They will also collaboratively work towards the implementation of clean energy initiatives and retrofits, along with products like Super-Efficient AC systems, technology to improve indoor-air quality, safety and efficiency in the buildings/facilities across the various sectors including steel industries.

EESL and MECON would explore options of implementation of energy saving opportunities and implement pilot studies on cross-cutting technologies specially in iron, steel and mining industries. They will also roll out technical training to plant executives on various topics pertaining to Energy Management, Maintenance Management, Water Management and Safety Engineering.

The MoU was signed by Shri. UK Vishwakarma, Chief General Manager (Marketing), MECON and Shri. Anil Choudhary, Chief General Manager & Head (Operations), EESL in the august presence of Shri. R H Juneja, Director (Finance), MECON, Shri. S K Verma, Director (Commercial), MECON,  Shri. Venkatesh Dwivedi, Director (Projects), EESL and Shri. S Gopal, Director (Commercial), EESL and other senior officers of both the companies.

The Oberoi Group signs MoU with EESL to further its

 The Oberoi Group signs MoU with EESL to further its sustainability initiatives

• Aims to reduce the group’s overall carbon footprint
• Tailor-made energy efficiency solutions for each of the hotels & resorts

With the aim to augment its sustainability initiatives, The Oberoi Group has signed a Memorandum of Understanding (MoU) with Energy Efficiency Services Limited (EESL), a joint venture of 4 PSU’s under the Ministry of Power. EESL through its Building Energy Efficiency Program (BEEP) will assist The Oberoi Group in implementing several well-established energy efficient initiatives, including clean energy systems across its properties. These initiatives will help reduce the Group’s overall carbon footprint and strengthen its energy conservation efforts.

Under the partnership, EESL, through its nationwide network, will collaborate with all Oberoi Group Hotels to evaluate opportunities for saving energy and lowering emissions. EESL will recommend select energy programs from its portfolio with proven track records of successful implementation. Additionally, as a part of The Oberoi Group’s efforts towards sustainability, tailor-made energy efficiency initiatives for each of their hotels & resorts will be executed.

EESL will provide technical support and extend its procurement advantage through its partners across the energy sector. The potential energy efficiency measures will include lighting, electric motors & pumps, air-conditioning, ventilation systems, indoor air quality systems and electric vehicles along with charging infrastructure.

Speaking about this partnership, Mr. Saurabh Kumar, Executive Vice Chairman, EESL said, “Energy efficiency is becoming central to sustainable growth of businesses. EESL has pioneered energy efficiency improvement across India and empowered millions of people through its innovative schemes. Our partnership with The Oberoi Group stands testament to the exemplary vision and progressive approach of a hospitality leader in joining the forces of achieving sustainable development of the country.”

Mr. Vikram Oberoi, Managing Director and Chief Executive Officer of The Oberoi Group said, “Sustainability is at the core of our ethos at The Oberoi Group. It has always been our endeavour to identify and implement innovative, ecological solutions across our hotels and businesses. Several of our hotels are powered by renewable sources and are supplemented with energy efficient measures which have progressively reduced our carbon footprint. Our partnership with EESL further strengthens our commitment towards the planet and our vision of providing sustainable luxury experiences to our guests.”

Energy Efficiency Services Limited invests in

 Energy Efficiency Services Limited invests in SWAG EV to catalyze energy transformation in Southeast Asia; transaction facilitated by South Pole’s SHIFT Asia Platform

World’s largest energy service companies invests in an emerging e-mobility actor to drive convergence - an emerging concept bringing together electric mobility, renewable energy, and carbon finance

 

In Thailand, the drivers of the 21 million motorbikes – the main form of transportation in most cities and a leading cause of transport-related carbon dioxide emissions – now have a new role to play in the fight against climate change.

 

Energy Efficiency Services Limited (EESL), the world’s largest energy service company, today announced it will invest in SWAG EV, an emerging e-mobility player to drive the use of electric motorbikes while contributing to increasing power grid flexibility. This concept of convergence - the integration of electric mobility, battery storage, renewable energy generation and carbon finance - has the power to provide clean, reliable and affordable energy, and catalyse an energy transformation in Southeast Asia.

 

By using e-bikes with swappable batteries, most of which will be charged by solar power, they can drive the transformation to healthier cities while fighting climate change. ‘Batteries on wheels’ create an overlap between e-mobility, solar energy battery storage and a more flexible power grid. The e-bike batteries will increase the capacity of the power grid to incorporate a higher share of renewable energy in its energy mix and trigger decarbonization in Thailand. This concept is replicable across the world and this project will serve as the basis for implementation in India.

 

EESL is a pioneer in driving the concept of convergence in its key markets – India and Southeast Asia. As one of the world's largest public energy service companies, owned by the largest public sector enterprise in the Indian power sector, EESL has invested in SWAG EV, an emerging actor ushering in the two-wheeled e-mobility transformation in Southeast Asia.

 

EESL’s initial US$5 million investment was conceptualized by SHIFT Asia, a carbon finance platform designed and operated by South Pole to mobilize climate finance for e-mobility. In addition to its investment, SHIFT Asia will co-fund the e-bike charging infrastructure in designated service areas and support EESL in financing shared batteries; all to make battery swapping and charging simple and convenient.

 

A major mid-term goal of the SHIFT platform is to use these batteries in their second life as a distributed renewable energy storage facility, providing the Thai energy grid with the flexibility to manage a higher share of variable renewable energy. They will be charged during the day with solar power (when electricity demand is low), and discharged during the evening power peak hours, when there is more demand than supply of electricity.

 

Charging stations located in factories with solar roofs will also be able to store and release surplus solar power.  This system helps Thai utility companies increase the flexibility of the power grid, both in terms of managing variable renewable energy generation and reducing the load on the grid during peak hours.

 

Saurabh Kumar, Executive Vice Chairperson of EESL Group Companies: “As the power sector across the world deals with more renewable energy, and electric mobility takes off, it is  essential that we, as key stakeholders, join forces and enable a clean, green, and electric future for better public health and quality of life – for ourselves and coming generations. EESL is driven by the objective of facilitating faster adoption of disruptive technology solutions, while balancing economic development and environmental sustainability.”

Janson Chen, Executive Director, SWAG EV: “We are committed to catalysing e-mobility in SEA, which has the highest use of 2-wheelers per capita and a growing middle-income consumer segment. We are thrilled to have such a respected investor as EESL supporting our vision, and excited to scale it further, together with our partners and investors.”

 

Ingo Puhl, co-founder and Managing Director Thailand, South Pole: “We are excited to be part of these pilot projects, which test the convergence concept of shared batteries, climate finance and renewable energy, and have the potential to transform transportation across Asia where motorcycles are widely used. It also has the possibility of massively reducing emissions as a valuable side-effect.”

 

Mahua Acharya, Member of the Board of Directors at South Pole: “It has been wonderful to bring South Pole, EESL and SWAG together to develop energy concepts of the future, and I am so pleased to see South Pole and EESL take on such a leadership role in driving the renewable energy transformation across South and Southeast Asia."

 

Going forward, SWAG will implement a number of pilot projects with its partners to test the use and acceptance of shared batteries as a service model, and integrate its operation with the digital data reporting and management systems that are required to originate and monetize carbon credits via the SHIFT Platform.

EESL to procure 250 Electric Vehicles

EESL to procure 250 Electric Vehicles from TATA Motors Limited & Hyundai
Motor India Ltd

 Tata Motors Limited to supply 150 Nexon XZ+ electric compact SUVs & Hyundai Motor India Ltd.  to supply 100 units of its Kona electric Premium SUVs

EESL presented the letter of award for the tender to Tata Motors Ltd & Hyundai Motor India Ltd.

 Energy Efficiency Services Limited (EESL), a Super Energy Service Company (ESCO) under the administrative control of Ministry of Power, Government of India, will procure 250 electric vehicles from Tata Motors and Hyundai Motor India. The companies were selected through an international competitive bidding process, which was aimed at increased participation. Tata Motors Limited and Hyundai Motor India Limited won the tender and now will supply 150 Nexon electric compact SUVs & 100 Kona electric premium SUVs respectively for government use. The letter of award for the procurement was presented to the two companies, in the presence of Mr. Guenter Butschek, CEO & MD, Tata Motors, Mr. Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors and Mr. Tarun Garg, Director – Sales, Marketing & Service, Hyundai Motor India Ltd.

This procurement will utilize 5 Million USD from the recent grant provided by the Asian Development Bank (ADB). EESL has received financing from ADB towards the cost of scaling up and financing high priority areas like Demand Side Energy Efficiency Sector Projects.

Mr. Saurabh Kumar, Executive Vice Chairperson, EESL said, “A shift to EVs, facilitated by our e-mobility programme will reduce dependence on oil imports and promote power capacity addition in India. This will greatly enhance the energy security of the country and will also lead to reduction in GHG emissions from the transport sector. Furthermore, we’re also working on rapid establishment of EV charging stations, which will give a fillip to the electric vehicle sales, going forward”

Mr. Seon Seob Kim, MD & CEO, Hyundai Motor India Ltd, said, “Guided by our vision ‘Progress For Humanity’, we have been developing eco-friendly and human centric technologies that provide the best experience for our customers. As a caring and responsible brand, it is our privilege to align with the government’s goal for clean energy and collaborate with all stakeholders to create a sustainable ecosystem for electric mobility. Hyundai will continue to bring world class eco-friendly products and technologies for Indian market contributing towards the cleaner and greener environment”

Mr. Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors, said, “Electric mobility is gaining ground in the country and partnerships such as these are pivotal for building the requisite momentum. We have been partnering EESL and are pleased to provide more EVs to them for government use, enabling a smooth and sustainable transition to a future-oriented mobility solution. As the leader of the fast growing EV segment, Tata Motors is committed to popularise their access and use across India”

EESL is driven by the objective of facilitating faster adoption of disruptive technology solutions, while balancing economic development and environmental sustainability. With this specific initiative, EESL seeks to create the market for electric vehicles, through its unique business model of aggregation of demand and bulk procurement. EESL is seeking to leverage the immense potential of replacement of existing vehicles in the government departments for initial demand aggregation.

EESL will procure Tata Nexon at INR 14.86 lakh each, INR 13,000 cheaper than its ex-showroom price of INR 14.99 lakh whereas, Hyundai Kona, which offers a higher range, will be procured at an 11% lower price band of INR 21.36 lakh and with a standard three-year warranty. These electric vehicles will replace the existing fleet of petrol and diesel vehicles of the Central and State Governments. EESL has already received an order for 300 Long Range EVs from The Agency for Non-Conventional Energy and Rural Technology (ANERT), Kerala to be supplied in initial phase.

EESL plans to leverage efficiencies of scale and drive down costs through its innovative business model, while supporting local manufacturing facilities, gaining technical competencies for the long-term growth of the EV industry and enabling Indian EV manufacturers to emerge as major global players.