EESL to set up 10,000 EV charging stations in next three years
The state-run firm has tied up with various private and public companies such as Apollo Hospitals, BSNL, Maha-Metro, BHEL and HPCL, among others
New Delhi: Power PSUs' joint venture EESL is set to ramp up its capital expenditure to set up around 10,000 electric vehicle (EV) charging stations in the next two to three years.
A joint venture of PSUs under the Ministry of Power, the Energy Efficiency Services Limited (EESL) has undertaken this project to boost the e-mobility ecosystem in India.
Presently, the state-run firm has tied up with various private and public companies such as Apollo Hospitals, BSNL, Maha-Metro, BHEL and HPCL, among others, to set up public charging infrastructure.
It has also partnered with urban local bodies in Hyderabad, Noida, Ahmedabad, Jaipur and Chennai, and is in discussion 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 told 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 main capital requirements to set up charging infrastructure is the availability of 'land', which as of now is provided free of cost by most municipal bodies or firms for public chargers to EESL.
The clean energy major then sets up the charging station in that area and operates it for 10 years.
In return, EESL pays a certain proportion as land rental to the entity for every kilowatt hour (kW/h) the company utilises.
Till now, EESL has installed 68 public charging points, which are currently operational across the country.
"By the end of FY20, we aim to install around 100 charging stations in Delhi-NCR, Chennai and Nagpur," Kumar told 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 automobile companies and others, including standalone charging infrastructure developers, are also installing these facilities.
Besides, the company 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 said.
As of now, apart from creating an e-mobility ecosystem in the country, EESL is scaling up smart meters and smart grids, storage and other clean energy technologies.
Furthermore, the company is in the process of aggregating the demand generation for EVs in the country via bulk purchases.
Follow and connect with us on Twitter, Facebook, Linkedin, Youtube
HMSI launches Grazia Sports Edition at INR 82,564, targets the youth
An advanced 125cc urban scooter tailor-made for those riders who prefer to make an impact reflecting their youthful and fun persona, Grazia will be available at Honda's two-wheeler dealerships across India.
Ford India shuts plant on chip shortage
Elon Musk confirms Tesla's India launch on Twitter
Magnite with 30K bookings redrafts Nissan's destiny in India
The new Magnite SUV stands out on many counts. In a short span after its launch, it has garnered over 30,000 customer bookings. It is also the torchbearer of the beleaguered Nissan's future in India. The average of 1000 units booked daily since the debut on December 2 manifests the brand's strength and new vigour. It will, Nissan hopes, empower it to discard legacy issues and open a new chapter in India's mobility landscape.
Tesla registers its Indian entity in Bengaluru; appoints three directors
Apple, Hyundai to agree on electric car tie-up early this year: Korea IT News
Mahindra-Ford JV plans called off on changing global economic conditions
New Foreign Trade Policy from April
India's GDP: Quickest to fall, fastest to recover
Tata Motors posts 24% growth in domestic sales at 150,958 units in Q3FY21
Top appointments and exits of automotive industry in 2020
TIFAC offers automation software worth Rs 18 crore to MSMEs
Exit without serving notice period to attract 18% GST
Pawan Goenka on lessons from Covid and vision 2021
Include natural gas under GST to push for gas-based economy: Industry
New Volkswagen SUV might arrive before Taigun's debut
After long journey, Fiat Chrysler and PSA to seal merger to become Stellantis
German court halts criminal proceedings against former VW CEO
Inside lithium giant SQM's struggle to win over indigenous communities in Chile's Atacama
Tata Tigor News
Tata Tigor gets 4-star in Global NCAP crash tests
Tata Motors opens bookings for its BS-VI passenger vehicles range
Tata Motors bags order for 500 EVs from Lithium Urban Technologies
Mahindra e-Verito not good enough? Govt may soon include the Rs. 23.71 lakh Hyundai Kona in its fleet
Plan to launch EV in India by 2022 but ecosystem is a must: Renault