Mr. Bhawanjeet Singh, Chief General Manager (Technical) of EESL is an Electrical Engineer by profession and has done a Masters in Business Administration. He has professional experience of 30 years in Power Sector. Currently he is heading the international business and planning in Energy Efficiency Services Limited (EESL).
Energy Efficiency Services Limited (EESL), a joint venture of public-sector undertakings under the Ministry of Power, Government of India is a super energy service company (Super ESCO) in India has emerged as the successful implementer of world’s largest non-subsidized demand side energy efficiency (EE) program under India’s National Mission for Enhanced Energy Efficiency (NMEEE), one of the eight missions under its National Action Plan for Climate Change (NAPCC). Through its unique and innovative business model of bringing upfront financing for investment in bulk procurement of high quality EE appliances and solutions, their deployment at scale through robust distribution and installation processes across a diverse spectrum (ranging from building lighting and cooling to street lighting to agricultural water pumping, etc), providing the high quality EE solutions to consumers at lower, affordable prices or recovering the costs through monetized energy savings have demonstrated how to effectively address the market failures that EE markets have faced for decades in not only in India and other developing countries but also in the developed world.
The UJALA and SLNP initiatives of EESL are financially and economically viable and have resulted in massive reduction in GHG emissions thereby contributing significantly to India’s NDC commitments. Under UJALA the ~300 million energy efficient LED lamps deployed by EESL largely amongst residential sector and over 5.8 million LED public street lights are world records, and have helped avoid the need for over 8,500 MW of new electricity generation which would have mostly come from fossil fuel-power plants and would have cost 15-20 times more than the investments made by EESL in LED lights and saving MWs. Scaling up efficiency by EESL has also brought many other co-benefits including improved comfort, health, and worker productivity, reduced energy burdens, new jobs, expanded economic development, and increased grid resilience.