Telangana, 4th July 2024: An agreement has been inked between Telangana woman entrepreneur M/s Padma Vadthya and Energy Efficiency Services Limited (EESL), a joint venture of public sector undertakings under the Ministry of Power (GoI), to expedite the adoption of energy efficiency solutions in the state. The deal intends to create retail franchises and increase Telangana people’ access to energy-efficient technologies. This would support India’s energy-saving initiatives and assist the country achieve its climate goals by lowering its carbon footprint.
The goal of EESL’s retail franchise agreements with M/s Padma Vadthya is to build a network of retail locations that can efficiently market and distribute these solutions to a wider range of consumers. The energy efficiency solutions offered by EESL include a broad range of goods and services intended to maximize energy use across multiple industries, including buildings, appliances, and lighting. Through enabling female entrepreneurs such as Padma Vadthya, EESL is paving the way for the uptake of energy-conserving solutions.
Commenting on the occasion, Mr. Animesh Mishra – CGM (Sales & PRCC) said,”EESL is honored to collaborate with a trailblazing female entrepreneur who personifies the ability of women-owned enterprises to propel sustainable development. By offering these chances, we are promoting gender equality in business while simultaneously improving the economic environment. Additionally, it is a big step toward EESL’s goal of making India an energy-efficient economy, and we think that Mrs. Padma and other women will encourage a lot of other women to get involved in the energy efficiency movement.
The agreement was signed by Shri Ravi Bhukiya (State head for Telangana) in the presence of Mr. Animesh Mishra, CGM (Sales & PRCC), Mr. Adesh Saxena (Retail Head, EESL) and Mr. Nikhelesh Kataria (Cluster Head, EESL). EESL is dedicated to promoting women’s empowerment through various initiatives. These partnerships are a testament to this commitment, providing women with the opportunity to lead and thrive in the energy efficiency sector. The company has also signed an agreement with M/s S. K. Electricals to further enhance the adoption of energy efficiency in the state.
Mrs. Vadhya Padma, a renowned woman entrepreneur from Telangana and owner of M/s Padma Vadthya, has entered into a partnership with EESL to support the establishment of retail franchises for the company. As a leader of a Self-Help Group (SHG), she empowers 50-100 women members who assist her in maintaining lighting infrastructure in Hyderabad. Additionally, her business portfolio includes vehicle hiring services for state government offices in Telangana. Mrs. Padma is the first woman entrepreneur to join hands with EESL across India. This partnership aims to support Telangana State and Central Government initiatives by encouraging women entrepreneurs and fostering enhanced economic growth. This initiative reflects EESL’s commitment to women empowerment, elevating their socio-economic standing for an empowered and inclusive economy.
About Energy Efficiency Services Limited (EESL)
A joint venture of NTPC Limited, Power Finance Corporation, Rural Electrification Corporation and POWERGRID, Energy Efficiency Services Limited (EESL) was set up under the Ministry of Power to facilitate implementation of energy efficiency projects. EESL is a Super Energy Service Company (ESCO) that seeks to unlock energy efficiency market in India, estimated at Rs. 74,000 crore that can potentially result in energy savings of up to 20 per cent of current consumption, by way of innovative business and implementation models. It also acts as the resource centre for capacity building of State DISCOMs, ERCs, SDAs, upcoming ESCOs, financial institutions, etc.
