The acquisition plans stem from EESL’s strategy to equip itself for India’s changing energy economy, with it leading India’s EV policy. Photo: BloombergNew Delhi: State-run Energy Efficiency Services Ltd (EESL) is firming up a £100 million investment plan for buying a combined heat and power utility in the UK, and investing in firms that are setting up fast-charging electric vehicle (EV) infrastructure and large battery storage in Canada. This includes the $12 million investment announcement made on Wednesday, in the first utility scale energy storage facility by Leclanché and Deltro Energy to balance the Ontario power grid. The acquisition plans stem from EESL’s strategy to equip itself for India’s changing energy economy, with it leading India’s EV procurement programme. EESL has been operating in the UK’s £6.4 billion energy efficiency services market by acquiring two firms for £6.8 million through EPAL.

Source: Mint November 09, 2017 20:37 UTC