Energy Efficiency Services Limited (EESL) is a joint venture of four national Public-Sector Undertakings – NTPC Limited, Power Finance Corporation Limited, Rural Electrification Corporation Limited and POWERGRID Corporation of India Limited. As South Asia's first and foremost energy efficiency leader, EESL leads the market-related activities of the National Mission for Enhanced Energy Efficiency (NMEEE), one of the eight national missions under the Prime Minister’s National Action Plan on Climate Change.
Growth and Impact
Founded in 2009 by the Government of India, EESL has reduced India's carbon footprint, peak energy demand, and electricity bills through energy efficiency intervention projects worth Rs. 43 billion in domestic lighting.
With an unprecedented 140X growth in 2 years, EESL’s flagship initiative, Unnat Jyoti by Affordable LEDs for All (UJALA), has revolutionized India’s access to energy efficient LED bulbs and reduced carbon emissions by up to 32 million tonnes every year. Energy Efficiency and Conservation (EE&C) across India’s energy intensive industries and other key demand-side economic sectors promise an investment potential of INR 74,000 crore through large-scale deployments.
Vision
Energy Efficiency Services Limited (EESL) seeks to unlock the market of energy efficiency in India estimated at Rs. 74,000 crore, resulting in energy savings of about 15% of present consumption.
It seeks to create market access, particularly in the public facilities like municipalities, building, agriculture, industry, etc. implement innovative business models, handhold private sector Energy Service Companies (ESCOs) in an effort to ensure replication
Mission
EESL is promoted by Ministry of Power, Government of India as a Joint Venture company of four Central Power Sector undertakings viz NTPC Ltd. PFC, REC and Power Grid. EESL is set up to create and sustain markets for energy efficiency in the country. EESL works closely with Bureau of Energy Efficiency (BEE) and is leading the market related activities of the National Mission for Enhanced Energy Efficiency (NMEEE), one of the eight national missions under the Prime Minister’s National Action Plan on Climate Change