The Minister of State for Power, New & Renewable Energy, Shri R.K. Singh has announced the successful installation of 10 lakh smart meters across India, under the Government of India’s Smart Meter National Programme (SMNP).
These smart meters, operational in Uttar Pradesh, Delhi, Haryana and Bihar, aim to bring efficiency in the distribution system leading to better service delivery.
The programme is being implemented through Energy Efficiency Services Limited (EESL).
About Energy Efficiency Services Limited
- Energy Efficiency Services Limited (EESL) is a joint venture of PSUs under the Ministry of Power, Government of India, which was set up by the government to facilitate energy efficiency projects and to work as Energy Service Company.
- Established in 2009 to unlock the potential of energy efficiency, initiatives implemented by EESL have cumulatively led to energy savings of over 58 billion kWh and a reduction of over 46 million tonnes of greenhouse gas (GHG) emissions across the globe.
- In its 10 years, EESL has had an exponential growth, with offices spread across India, UK, Middle East, South Asia and South-East Asia. EESL’s revenue has grown at a Compounded Annual Growth Rate (CAGR) of 114.96 per cent from INR 26 crore in FY 2013-14 to INR 2565 crore in FY 2018-19. With its rapid growth, EESL now aims to become INR 10,000-crore company in the next three years.
