Energy Services Limited (CESL), a 100% subsidiary of Indian government owned
Energy Efficiency Services Ltd (EESL)
has forged key partnerships on World Environment Day in an effort to further
the deployment of electric vehicles in the country. Agreements and MoUs have
been signed with state governments of Goa, and Kerala to procure over 30,000
two and three-wheelers. This is the first entry to the 2W and 3W segments in
the country, with solutions uniquely designed to deliver affordable financial
solutions to buyers.
is a Super Energy Service Company (ESCO), which enables consumers, industries
and governments to effectively manage their energy needs through energy
efficient technologies. Founded in 2009, EESL is promoted by Ministry of Power,
Government of India as a Joint Venture of four reputed public- sector
undertakings NTPC Limited, Power Finance Corporation Limited, REC Limited and
POWERGRID Corporation of India Limited.
the agreements, CESL will also invest in establishing the electric vehicle
charging infrastructure and monitor the use of the assets. This
customer-oriented approach is designed to deliver good ease-of-use and better
Cabral, Minister of Power, Environment, New and Renewable Energy, Government of
Goa said, “Availability of two-wheeler EVs and its associated infrastructure
can garner widespread demand and popularity, especially in a state like Goa. We
are happy to partner with CESL and looking forward to escalate the progress in
making Goa a green state.”
R. Harikumar, Director, Energy Management Centre, Govt. of Kerala said, “Kerala
has been actively pursuing greener policies and environment friendly programs.
Adoption of Electric Mobility on mass scale will benefit the State both
environmentally and financially. It is our pleasure to collaborate with CESL,
and soon we hope to make EVs accessible, affordable and reliable for the
CESL has entered in strategic relationships with Bharat Electronics Limited
(BEL), TVS Motor Company, JBM Renewables Pvt Ltd., and Fortum India. Under
these agreements, CESL and the private companies will jointly undertake the
expansion and adoption of EV ecosystem. This will entail setting up of public
charging infrastructure, better technological adoption in charging, explore
best practices and business models as also the availability of potential
customer segments for demand augmentation. These agreements will also include
development of highway and expressway Charge Point Operators. Feasibility of
park and charge facility to customers across all EV segments will also be
explored as part of the project.
Acharya, MD & CEO of CESL said, “Mass adoption of EVs is an important step
towards achieving India’s green growth goals. I am very pleased to have reached
this far working with states to deliver two wheelers and three wheelers alike.
No better day than today, World Environment Day, to announce our many
collaborations. We are looking forward to the exciting work ahead”.
TVS MOTOR COMPANY
SIGNS MOU WITH CONVERGENCE ENERGY SERVICES: TVS Motor Company
entered into a strategic partnership with Convergence Energy Services recently.
As part of the MoU deal, CESL and TVS Motor Company will jointly develop the
public charging ecosystem for the latter’s electric offering, TVS iQube Electric,
two companies inked the deal on World Environment day this year, making TVS
Motor Company the first two-wheeler manufacturer to partner with CESL.
is a significant initiative of the Government of India to make public charging
infrastructure available to the citizens of India. On World Environment Day,
TVS Motor takes pride in being the first 2-Wheeler manufacturer to have a MOU
with CESL. This year TVS iQube Electric will be available in over 20 cities in
India. In addition to its home charging options, it will be the TVS dealership
charging network, and the emerging Public Charging ecosystem, with strong
players like CESL that will accelerate India’s EV journey,” said Manu Saxena,
Vice President, Future Mobility & Dealer Transformation, TVS Motor Company.
company’s MoU with CESL is in line with its commitment of expanding the
presence of TVS iQube Electric in over 20 cities by the end of FY 2021-22. As
part of the partnership, CESL will help strengthen the charging infrastructure
in these cities for the customers of the electric scooter.
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