With its rapid growth, the company now aims to become Rs 10,000-crore company in next three years.
EESL was established in 2009 to unlock the potential of energy efficiency. It’s implemented initiatives have cumulatively led to energy savings of more than 58 billion kWh and a reduction of more than 46 million tonnes of greenhouse gas (GHG) emissions across the globe.
During its 10 years, the company had enjoyed an exponential growth, with offices spread across India, UK, Middle East, South Asia and South-East Asia. It’s revenue has grown at a CAGR of 114.96 percent from Rs 26 crore in FY 2013-14 to Rs 2,565 crore in FY 2018-19.
On the occasion, the ceremonial event was organized by EESL which was graced by Power Minister R.K. Singh, Power Secretary Sanjiv Nandan Sahai, along with dignitaries from various ministries, state governments, multilateral bodies, industry and think tanks.
While speaking at the occasion, R.K. Singh said, “Energy efficiency and conservation have been central to India’s climate action. The scale and pace of our energy efficiency initiatives have been unprecedented, with an immense impact that has been acknowledged globally and the world is keen to replicate.
I would like to congratulate EESL for their relentless efforts towards achieving the country’s energy efficiency goals and completing an exceptional decade of success. I look forward to many more years of EESL’s endeavours in catalysing innovative solutions for an energy future that is sustainable, accessible, and reliable.”
During the event, Singh announced the successful installation of 10 lakh smart meters across India, under the Government of India’s Smart Meter National Programme (SMNP).