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The government is planning to set up a new company to oversee and implement energy efficiency schemes and reduce transmission losses.

The company, Energy Efficiency Services Ltd (EESL), will be a joint venture with equity participation of 25 percent each from its promoters – NTPC, PowerGrid Corp, Rural Electrification Corp and Power Finance Corp.

The Indian government hopes this would help in effective implementation of energy efficiency schemes. Yep, let’s also hope so!

See also: an interesting emerging cleantech segment – Building Energy Analytics