Saudis recognize India’s lighting success.

Energy Efficiency Services Limited (EESL) is to help implement energy efficiency programmes and scale-up demand side measures in Saudi Arabia under a Memorandum of Understanding (MoU).

EESL will provide consultancy and expand the capacity of the National Energy Services Company of Saudi Arabia to execute energy efficiency programmes.

The move comes in the wake of the Arab Kingdom working ardently towards reducing its power subsidies and introducing energy efficiency initiatives.

The Kingdom’s National Energy Services Company has engaged EESL to replicate the success of latter’s street lighting national programme and retrofit of buildings, with energy efficient appliances in Saudi Arabia.

EESL has also agreed to depute its officials in Saudi Arabia to provide technical and financial consultancy and monitor the execution of energy efficiency projects.

EESL is working towards promoting energy efficiency in all sectors and is implementing the world’s largest energy-efficiency portfolio (worth £5.6bn over a period of 3 years), marking a 20-fold growth.

So far, EESL has retrofitted over 23 crore LED bulbs and 20 crore smart LED streetlights across India through self-sustaining commercial models.

In a short span, EESL has retrofitted energy efficient appliances in nearly 30 buildings and has a strong pipeline of covering 1,500 more buildings.

EESL has pioneered innovative business approaches to successfully roll-out large-scale programmes that allow for incentive alignment across the value chain and rapidly drive transformative impact.

EESL aims to leverage this implementation experience and exploit the new opportunities overseas to diversify its portfolio.

As of now, EESL has begun its operations in UK, South Asia and South-East Asia. fii-news.com