EESL inks pact with BSNL

Chandigarh, October 11

Energy Efficiency Services Limited (EESL), a joint venture of four National Public Sector Enterprises under the Ministry of Power, Government of India, has signed a memorandum of understanding (MoU) with BSNL (Punjab Telecom Circle), to install 100 public charging stations to boost e-mobility in Punjab.

EESL and BSNL have entered the 10-year MOU with an objective of building electric vehicle infrastructure in BSNL, Punjab Telecom Circle area and exploring synergy for further promoting EVs, including electric two-wheelers in the state.

EESL will make the entire upfront investment on services pertaining to the MoU, along with the operation and maintenance of the public charging infrastructure by using qualified personnel. BSNL will be responsible for providing the requisite space and power connections for installing the charging infrastructure.

Talking about the EESL’s mission to build a robust EV infrastructure, Venkatesh Dwivedi, Director (Projects), EESL, said: “Developing a strong supporting EV infrastructure is the key to cultivating consumer confidence in electric vehicles and will significantly enhance consumer convenience as well.” With its innovative model of demand aggregation and bulk procurement, EESL receives electric vehicles and chargers at a significantly discounted rate vis-à-vis the actual market value. Further, with access to low-cost funds, it is able to discover the most competitive project costs. Using this approach, EESL has established a sustainable business model, which makes EVs affordable for end-consumers. — TNS