EESL and TERI to work jointly for energy efficiency solutions

While TERI will use its expertise to create energy efficiency projects through audits, etc and Energy Efficiency Services Ltd (EESL) will bring in its business models to implement them

Image
BS B2B Bureau New Delhi
Last Updated : Jul 01 2016 | 5:15 PM IST
The Energy and Resources Institute (TERI) and Energy Efficiency Services Limited (EESL) have entered into a strategic partnership for two years. The MoU was signed by the two parties on June 29, 2016 in the presence of Piyush Goyal, Minister of State for Power, Coal and New & Renewable Energy.

As per MoU, both organisations have decided to enter into an agreement as strategic partners, to work jointly for the achievement of common goals and objectives related to energy efficiency in India and abroad. 

Piyush Goyal commented, “This alliance of simultaneous policy and market development will provide a larger platform to boost the national energy efficiency programmes in international markets. This collaboration is an ambitious step towards achieving environment sustainability which is the need of the hour.” 

With this partnership, the main focus of TERI will be on working with governments, regulatory bodies, industry organisations, and utilities to create a policy environment for clean energy technologies. EESL will emphasise on implementing projects and programmes to promote clean energy technologies through innovative policy based business model to end users. The agreement will also bring in people and institutions who work on the policy side into the market based interventions. It will also enable cross country and global linkages so that there is an exchange of information and replication of interventions. 

The collaboration will provide comprehensive turnkey solutions where TERI will use its expertise to create energy efficiency projects through audits, etc and EESL will bring in its business models to implement them. 

This model of collaboration will primarily be used in countries of Africa and East Asia and will further investigate its use in Latin America and other developing countries. In developed nations like Europe and the US, the role of TERI will be to create market awareness about the business opportunities that EESL can potentially unlock.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 01 2016 | 5:13 PM IST

Next Story