EV Motors - BSES Yamuna Power Ink Agreement to Set Up EV Charging Stations in Delhi

EESL to Set Up 10,000 EV Charging Stations Across Country

by Jyoti
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Presently, the state-run agency has tied up with varied non-public and public firms similar to Apollo Hospitals, BSNL, Maha-Metro, BHEL and HPCL, amongst others, to arrange public charging infrastructure.

Power PSUs’ three way partnership EESL is ready to ramp up its capital expenditure to arrange round 10,000 electrical automobile (EV) charging stations within the subsequent two to 3 years.

A three way partnership of PSUs underneath the Ministry of Power, the Energy Efficiency Services Limited (EESL) has undertaken this venture to spice up the e-mobility ecosystem in India.

Presently, the state-run agency has tied up with varied non-public and public firms similar to Apollo Hospitals, BSNL, Maha-Metro, BHEL and HPCL, amongst others, to arrange public charging infrastructure.

It has additionally partnered with city native our bodies in Hyderabad, Noida, Ahmedabad, Jaipur and Chennai, and is in dialogue with others to erect such infra.

“We are working towards strengthening the charging infrastructure with an objective to set up 10,000 charging stations over the next two to three years across India,” EESL Managing Director Saurabh Kumar instructed IANS.

“We are in the process of signing MoUs with various states and government departments to promote EV adoption in India, which will further boost interest among the public,” Kumar added.

One of the primary capital necessities to arrange charging infrastructure is the supply of ‘land’, which as of now could be offered freed from value by most municipal our bodies or companies for public chargers to EESL.

The clear power main then units up the charging station in that space and operates it for 10 years.

In return, EESL pays a sure proportion as land rental to the entity for each kilowatt hour (kW/h) the corporate utilises.

Till now, EESL has put in 68 public charging factors, that are presently operational throughout the nation.

“By the end of FY20, we aim to install around 100 charging stations in Delhi-NCR, Chennai and Nagpur,” Kumar instructed IANS.

“We are aiming to install around 1,500 EV public charging stations by the end of FY21 in Delhi-NCR, Maharashtra, Tamil Nadu, Telangana, Gujarat, West Bengal, Rajasthan, Chandigarh and Karnataka,” he added.

Currently, many vehicle firms and others, together with standalone charging infrastructure builders, are additionally putting in these services.

Besides, the corporate has registered an annual turnover of Rs 2,565 crore in FY19.

“In less than one year, we have earned a revenue of over Rs 9.3 lakh from our charging stations. EESL Capex is expected to be Rs 3,000 crore in 2019-20 and Rs 6,000 crore in 2020-21,” he stated.

As of now, other than creating an e-mobility ecosystem within the nation, EESL is scaling up sensible meters and sensible grids, storage and different clear power applied sciences.

Furthermore, the corporate is within the technique of aggregating the demand technology for EVs within the nation through bulk purchases.

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