Energy Efficiency Services Limited (EESL) has won the prestigious South Asia Procurement Innovation Award (SAPIA) ,2017
for ‘Public Procurement’. The Fifth South Asia Public Procurement Conference was organised by the World Bank along with the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency
(MIGA) in New Delhi. The awards recognize innovative thinking in ‘Public Procurement’ to achieve better value for money, efficiency and transparency in a wide range of procurement scenarios.
EESL was rated the best procurement agency from India for ‘Unlocking Energy Efficiency Market in India – through Innovative Procurement Business Model’. EESL is the first energy company from India to receive the award for procurement. Further, out of the 8 countries – Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan, and Sri Lanka, who have participated, EESL has also been awarded with ‘Regional Winner Award’.
EESL’s novel business models of zero-subsidy, zero-capex and pay-as-you-save have made its various programmes widely successful. These include the Building Energy Efficiency Programme, Municipal Energy Efficiency Programme, Agriculture Demand Side Management, Unnat Jyoti by Affordable LEDs for All, and Street Light National Programme.
EESL will continue transforming the Indian market for energy efficiency through various programmes encompassing smart meters, e-mobility, rooftop solar, tri-generation and energy-efficient industrial motors.
EESL’s bulk procurement has also contributed to the reduction in the retail market price of LED bulbs from approximately INR 800 per unit in 2012 to INR 70 in 2017. This was one of the fastest LED price reductions in the world. EESL improved adoption and availability of LEDs in the Indian market.
Under the administration of the Ministry of Power, Government of India, EESL is implementing energy efficiency programmes in the country. The World Bank President Jim Yong Kim, at the One Planet Summit in Paris, praised the work done by EESL. He highlighted that the expansion of LED bulbs and tube lights, due to efforts by the Indian government will save up to 20 GW of electricity capacity by mid-2019.
Energy Efficiency Services Limited (EESL), under the administration of Ministry of Power, Government of India, is working towards mainstreaming energy efficiency and is implementing the world’s largest energy efficiency portfolio in the country.
By 2020, EESL seeks to be a Rs 10,000 crore company putting together all the programmes of EESL. Thus far, EESL has distributed over 28 crore LED bulbs and retrofitted 46 lakh smart LED streetlights across India through self-sustaining commercial models. It has pioneered innovative business approaches to successfully roll-out large-scale programs that allow for incentive alignment across the value chain and rapidly drive transformative impact.
EESL aims to leverage this implementation experience and exploit new opportunities in overseas market for diversification of its portfolio. As on date, EESL has begun its operations in UK, South Asia and South-East Asia.