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NTPC’s JV signs MoU with Lemon Tree Hotels

09 Jun 2021 Evaluate

Energy Efficiency Services (EESL), a joint venture of four PSUs including NTPC, Power Finance Corporation, Rural Electrification Corporation & Power Grid Corporation, has signed a Memorandum of Understanding (MoU) with Lemon Tree Hotels for implementing energy efficiency and energy conservation measures at a selected number of the latter's properties in India.

During the three-year engagement, both companies will work together to identify areas to improve energy efficiency and leverage the expertise of EESL and its subsidiary companies Convergence Energy Services (CESL) and EPSL Trigeneration in the areas including electric vehicles (EVs) and EV charging.

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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