CURRENT AFFAIRS

Detailed explanation-1: -MANILA, PHILIPPINES (27 November 2019) - The Asian Development Bank (ADB) has approved a loan of $250 million as part of an assistance package to Energy Efficiency Services Limited (EESL), a public sector energy service company, to expand energy efficiency investments in India.

Detailed explanation-2: -Energy Efficiency Services Limited (EESL) is a joint venture of PSUs under the Ministry of Power, Government of India, which was set up by the government to facilitate energy efficiency projects and to work as Energy Service Company.

Detailed explanation-3: -Energy Efficiency Services Limited (EESL) is the organisation responsible for implementation of Domestic Efficient Lighting Programme (DELP) or the UJALA scheme, as it is now being referred to.

Detailed explanation-4: -Energy Efficiency Services Limited (EESL) is a Super Energy Service Company (ESCO), which enables consumers, industries and governments to effectively manage their energy needs through energy efficient technologies.

Detailed explanation-5: -India Energy Efficiency Scale-Up Program: Objectives To expand the distribution of energy-saving appliances in the public and residential sectors. To strengthen EESL’s institutional capacity, and improve its access to commercial financing. To help schemes like UJALA and Street Lighting National Program (SLNP).