EESL to invest Rs 36 bn in UP, to raise funds form Asian Development Bank

Earlier, EESL had also raised 80% of the Rs 10 billion estimated investment in the street light project in UP from ADB

Energy Efficiency Services Limited (EESL) will invest close to Rs 36 billion in Uttar Pradesh under various power saving and conservation projects and raise funds from multilateral funding agencies like Asian Development Bank (ADB).

The two key energy projects undertaken by EESL comprise street light national programme (SNLP) and smart meters, which entail investment of about Rs 10 billion and Rs 26 billion respectively in the state.

Under smart metering, EESL would install 4 million smart meters apart from 10 million pre-paid meters at the consumer end. “This is the biggest smart metering project anywhere in the world given the