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Page 9 - ஆற்றல் செயல்திறன் சேவைகள் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CESL will get ₹600-700 crore infusion from EESL: Mahua Acharya

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 t

Indian government owned company to spearhead Ras Al Khaimah s clean energy initiative

RAK Municipality will work with EESL on series of renewable energy initiatives Ras Al Khaimah Municipality and the Indian partner will come up with a framework and implementation plan for various energy efficiency ventures. Image Credit: Gulf News Archive Dubai: Ras Al Khaimah has roped in an Indian government-owned entity to launch renewable energy projects in the emirate. Energy Efficiency Services Ltd. (EESL) Group - the Indian entity that lays claim to be the world’s biggest energy service company - will work with Ras Al Kahimah Municipality to spread these clean energy initiatives. Both will come up with a programme framework and which will then be developed and implemented jointly.

Goa s 100MW solar project very important to us, says CESL s Acharya

Goa’s 100MW solar project very important to us, says CESL’s Acharya Goans are seeing new projects in solar energy, electric bikes, etc. after the state entered into an agreement for 100 MW of decentralized solar power with Convergence Energy Services Limited (CESL). Here Mahua Acharya, CEO and managing director, CESL, explains the project details to Shoma Patnaik Amidst the tediousness of the pandemic  the bright spot for the state this year is the pickup in green energy with  one MW solar power project commissioned in January followed by the setting up of the first EV charging station after which came initiatives by the government to encourage electric mobility.

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