Energy Efficiency Services Ltd (EESL)—a joint venture of PSUs under the Ministry of Power—has signed a 10-year Memorandum of Understanding (MoU) with state-owned telecom operator Bharat Sanchar Nigam Ltd (BSNL) to install 100 electric cars public charging stations in its Punjab Telecom Circle area.
EESL and BSNL will also encourage the proliferation, adoption and awareness of electric 2-wheelers in the area, along with fostering a conducive ecosystem for e-mobility.
Under the MoU, EESL will make the investment on services along with the operation and maintenance of the public charging infrastructure, while BSNL would provide the space and power connections for the charging infrastructure.
In August EESL signed a similar MoU with Apollo Hospitals Enterprises to install public charging stations in its hospitals across India. This is a first such MoU by EESL with a private partner, to set up public charging infrastructure in the country.
Taking forward the vision of the National Electric Mobility Programme, EESL has commissioned 300 AC and 170 DC chargers across India, and also 55 public charging points which are currently operational in Delhi NCR.
In the pursuit of increasing charging infra penetration, it has also partnered with Urban Local Bodies in Hyderabad, Noida, Ahmedabad, Jaipur, Chennai, and is in discussion with others across India.
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 is affordable for end-consumers.