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EESL: New MD soon, Vice-Chairman post being created for Kumar

By IndianMandarins- 04 Aug 2020


Indianmandarins has reliably learned that the selection committee meeting held on July 28 has identified three candidates for the post of Managing Director, Energy Efficiency Services Ltd (EESL). The MD post has virtually fallen vacant as the tenure of Saurabh Kumar (Ex-IRS IT officer) as MD is almost complete. His term was in May 2020 extended for a period of three months. 

Reportedly, the Selection Committee headed by Union Power Secretary had initially considered 11 candidates to be examined of which three candidates were were said to have been identified for further examination and selection for MD post.

Further, it is reliably learned that a new post of Vice Chairman (VC) is being created and the outgoing Managing Director Saurabh Kumar may be picked as the first VC of EESL. Those in the know of the affairs say that Kumar has become key to the functioning, business expansion, and consolidation of EESL and in all likelihood, the EESL Board may draft him as VC.

Founded in 2009, EESL is promoted by the Ministry of Power (GoI) as a Joint Venture of four CPSEs namely NTPC Ltd, PFC, REC Limited, and POWERGRID Corporation of India Limited.

It is a Super Energy Service Company (ESCO), which enables consumers, industries, and governments to effectively manage their energy needs through energy-efficient technologies. EESL claims that it is implementing the world’s largest energy efficiency portfolio across sectors like lighting, buildings, electric mobility, smart metering, agriculture, etc. at a scale that no organization has been able to achieve. EESL's energy efficiency solutions have saved India over 47 billion kWh energy annually while reducing 36.5 million tonnes of carbon emission.


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