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NTPC’s JV gets delivery of first ZS EV from MG Motor

27 Jan 2020 Evaluate

Energy Efficiency Services (EESL), a joint venture of four PSUs including NTPC, Power Finance Corporation, Rural Electrification Corporation & Power Grid Corporation, has got delivery of the first ZS EV of MG Motor India. EESL placed the order for 5 MG ZS EVs that will be used by government officials to further the cause of electric vehicles (EVs) as part of its National E-Mobility Programme.

This procurement by EESL is driven by the objective of facilitating faster adoption of disruptive solutions while balancing economic development and environmental sustainability. With this initiative, EESL seeks to create a market for electric vehicles through its unique business model of aggregation of demand and bulk procurement.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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