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The four power PSUs, NTPC, NHPC, Power Finance Corp and PowerGrid Corp , would jointly promote energy efficiency mechanisms in India, power minister Sushilkumar Shinde on Wednesday said.

The four PSUs would promote a company, Energy Efficiency Services Ltd (EESL), with an equity base of Rs 190 crore. The companies would have equal share in EESL, he added.

EESL would promote energy efficiency projects like Bachat Lamp Yojana, Agricultural Demand Side Management and Municipal Demand Side Management.

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