Power PSUs promoted Energy Efficiency Services Limited (EESL) is in negotiation with the Asian Development Bank for a US$100 million long-term loan to boost implementation of energy conservation projects. EESL received development funds for clean and conservation of energy from other development agencies like KfW of Germany and AfD. KfW had given 50 million euros and an agreement has been signed for another 50 million for AfD.
EESL, which facilitates implementation of energy efficiency projects, has projects worth Rs 1,000 crore to be rolled out over the next two to three years. EESL is also in the process to execute a Rs 300-crore street light project covering three lakh light posts in Kolkata that will offer a saving of at least Rs 50-60 crore annually in the energy bill.