Excelsior Correspondent
JAMMU, June 2: Energy Efficiency Services Limited (EESL), a home-grown Super Energy Service Company (ESCO) under the administration of Ministry of Power, Government of India has set a remarkable global precedent in low carbon development.
EESL’s Joint Venture (JV), EnergyPro Assets Limited (EPAL) has emerged as the fastest-growing Indian company in the United Kingdom (UK) in the “India meets Britain Tracker 2020”, developed by Confederation of Indian Industry (CII) and Grant Thornton.
The JV, between Energy Efficiency Services Limited (EESL) and British impact focused energy efficiency firm EnergyPro Asset Management Limited (EPAM)) has grown at a rapid clip, further reaffirming India’s role as a global energy efficiency pioneer.
EPAL bridges the energy transitions in India and the UK and marks an important chapter in the UK Energy Alliance endorsed by Prime Minister Narendra Modi in 2015. EPAL began its journey when EESL and EPAM joined together to acquire energy service company (ESCO) operations in the UK quickly followed by clinching a share in a grid-scale battery project in Canada. Since then, it has invested INR 633cr in the UK and has become a success story for Indian owned companies globally.
Speaking on the success of the JV, Saurabh Kumar, MD-EESL said, “Through EPAL, we have crafted a global brand that consorts closely with the Prime Minister’s appeal for fostering local businesses. It is another testament to our vision of building a world class energy service business that delivers economic, environmental and social benefits locally. The success of EPALalso marks a significant stride towards achieving India’s overall energy transition, aided by the exchange of technology and best practices between India and the UK. This feat would not have been possible without the contribution of each and every member of the EESL family.”
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