Power PSUs-promoted Energy Efficiency Services Ltd (EESL) on Thursday invited an Expression of Interest (EoI) to enter into a strategic partnership with organisations engaged in clean energy, energy-efficiency, and low carbon growth strategy domains. The union power ministry-administered company is looking for partners from the UK, Europe, and North America.
“EESL follows an open process for identification of prospective partners not only for execution / implementation of projects but also for mobilisation of local funds. The company is hence, inviting partners for selection through an EoI entailing qualitative and quantitative rating system. The evaluation of responses will be done through a two-stage process. Interested parties are advised to study the EoI document carefully before submitting their response,” the company said in a press release.
According to the company, EoI has been published on EESL’s website. It will be made available on websites of Indian Missions in countries of interest to ensure wider circulation. Additionally, the EoI will be shared with potential partners that EESL is engaged in the last one year.
EoI should be submitted on email@example.com and the last date of submissions for the initial round is July 3, 2017. The results for the same will be announced on July 13, 2017. The entire process, from uploading of EoI on the website to the communication of results, will take one month. This process will be repeated every quarter for new strategic partnerships and new projects, it added.
EESL implements the world’s largest energy-efficiency portfolio worth £5.6 billion over a period of three years. It aims to promote and implement low-carbon, energy-efficiency and renewable energy solutions in the public and private sectors. The company has pioneered innovative business approaches to successfully rollout large-scale programmes that allow for incentive alignment across the value chain and rapidly drive transformative impact. The Union Minister of Power Piyush Goyal inaugurated the affordable LED scheme – UJALA on May 13, this year in the UK and launched the UK operations of the company, the company stated, adding that inorganic growth strategies such as mergers, acquisitions, and joint ventures will remain the foundation of EESL’s growth strategy in the UK.
“Over the past year, EESL’s work has been recognised in the international arena with the IEA (International Energy Agency) publishing a case study on UJALA. The Government of India has included EESL’s work in Government-to-Government engagements in the UK, Sri Lanka, Nepal, Bangladesh, Vietnam, and Indonesia. EESL is now recognised in several international markets as a market leader in innovative business models and rollout of large-scale energy efficiency operations. Therefore, EESL aims to leverage this experience and exploit new opportunities in overseas market for diversification of its portfolio,” the company added.