Bilaspur (the states. news) Coal India Ltd (CIL) has signed a Memorandum of Understanding (MoU) with Energy Efficiency Services Ltd (EESL) – a JV Company under the Ministry of
Power for strategic partnership to collaborate in the area of energy efficiency and
resource conservation for de-carbonisation of Coal India. This MoU will enable
EESL to help CIL reduce 10 – 15% of its annual consumption of 4600 MU of
energy.
CIL will now collaborate with EESL in the areas of energy efficiency and resource
conservation, reduce carbon footprint and improve its overall operational
efficiency and profitability. EESL will help CIL with energy efficiency in
processes along with de-centralized captive solar plants and help to improve
operational efficiencies of CIL’s subsidiaries and reduce significant costs, without
any upfront investment.
EESL will help CIL to conduct energy audits and undertake assignments to
minimize losses on account of energy through financial ESCO/RESCO model. In
the ESCO/RESCO model, the entire project cost shall be borne by EESL against
the proposed energy savings project and the payment to EESL shall be monetised
through energy savings.
CIL and EESL will also explore business opportunities in the field of energy
efficiency, electric vehicle hiring including establishment of charging stations,
solar power generation, RAISE, Green energy building, smart energy solutions,
etc.
Shri. Sanjiv Soni, Director (Finance), CIL signed the MOU on behalf of CIL and
Shri. Venkatesh Dwivedi, Director – Projects & Business Development, EESL
signed the document on behalf of EESL. Shri. Pramod Agrawal, Chairman, CIL
and FDs of CIL were present on the occasion, while Dr. Anil Kumar Jain,
Secretary-Coal, Govt. of India and senior management of EESL joined the signing
of MoU via video conferencing from New Delhi. (media saheb.com)
