CESL will get ₹600-700 crore infusion from EESL: Mahua Acharya
February 24, 2021
Mahua Acharya, CEO of CESL×
Convergence Energy Services plans to solarise village-level feeders across India
Convergence Energy Services Ltd, the newly-established subsidiary of state-owned Energy Efficiency Services Ltd, will receive a capital infusion of ₹600-700 crore from its parent company to kick off its asset-heavy business operations.
In an interview with
BusinessLine, climate finance expert Mahua Acharya, who has been appointed as CEO of CESL, spoke about the new firm’s strategy and goals.
Excerpts:
What is CESL’s initial capital base? What will be your fund-raising strategy?
The first step is to immediately capitalise CESL from the parent company, EESL. We will probably be capitalised at ₹600-700 crore. Going forward, we are going to become an asset-heavy business. Convergence has inherited solar assets and an electric mobility business from EESL. I’d like to bring the two together.