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EESL Looks to Invest Rs. 36 bn in Uttar Pradesh
May 30, 2018
Photo credit: sandeepachetan.com on Visual Hunt /CC BY-NC-ND
Energy Efficiency Services Limited (EESL) is going to invest Rs.36 billion in Uttar Pradesh through multiple power-saving projects. It will raise the funds from agencies like Asian Development Bank (ADB).
EESL’s two main projects that shall be funded with the investment are smart meters and street light national programme (SNLP) which will cost nearly Rs. 26 billion and Rs. 10 billion respectively. The first one aims at the installation of 4 million smart meters, and the latter at the replacement of around 0.6 billion traditional streetlights with energy-efficient LED lights.
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