Energy Efficiency Services Limited (EESL), a Super Energy Service Company (ESCO) under the administrative control of Ministry of Power, Government of India, today signed an agreement with the Greater Hyderabad Municipal Corporation (GHMC), to lease out electric vehicles and install electric vehicles (EV) chargers at its offices.
The vehicles would be procured by EESL under the Government of India’s National E-Mobility Programme and will be supplied ata monthly lease rental Rs. 22,500 per car, inclusive of maintenance expenditure. This will not only reduce the costs of hired cars, but also substantially reduce emissions.
Dignitaries present at the signing of the agreement included: Shri KalvakuntlaTaraka Rama Rao, Hon’ble Minister for Municipal Administration & Urban Development, Industries & Commerce, Government of Telangana; and Shri Erik Solheim, Executive Director, United Nations Environment Programme and Smt RenuNarang, Director (Finance),EESL. .
Marking the beginning of e-mobility in the historical city of Hyderabad, Shri KalvakuntlaTaraka Rama Rao flagged off the EVs here today.
Speaking on the occasion, Hon’ble MinisterKalvakuntlaTaraka Rama Rao said, “The city of Hyderabad is India’s innovation hub, and is capable of setting an example for electric mobility adoption. It is our vision to achieve a sustained and phased migration to electric vehicles in Telangana. Our agreement with EESL will be instrumental in meeting the state’s E- Mobility vision. We look forward to the GHMC EV programme as a successful pilot initiative to not only transform mobility, but also create the infrastructure for EV manufacturing as another economic opportunity”
As a part of the agreement, EESL will also insure the EVs, provide a comprehensive free annual maintenance contract (AMC) for a period of five years and warranty against manufacturing defects, and supply and install chargers at GHMC’s Circle and Zonal offices.
Speaking on the occasion, Smt Renu Narang, Director (Finance), EESL, said, “E- mobility is the future and EESL is committed to support Indian Government’s mission to achieve its rapid adoption in the country. Telangana has always been keen on transition to e- mobility and EESL’s partnership with Greater Hyderabad Municipal Corporation is a step towards achieving the same. It gives us immense pleasure to provide EVs to the state government offices and install charging equipment, to be a part of Telangana’s Electric Vehicle revolution. Our mission is to enable more energy efficiency solutions in the country and EESL is committed to doing its part to facilitate increase in demand for electric vehicles throughout India.
Earlier this year, the Government of India launched the National E-Mobility Programme to provide an impetus to the entire e-mobility ecosystem including vehicle manufacturers, charging infrastructure companies, fleet operators, service providers, etc. EESL is aggregating demand by procuring electric vehicles in bulk to leverage economies of scale. These electric vehicles will replace the existing fleet of petrol and diesel vehicles of the Central and State Governments.
EESL plans to drive down costs through its innovative business model while supporting local manufacturing facilities, gaining technical competencies for the long-term growth of the EV industry and enabling Indian EV manufacturers to emerge as major global players.
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