ADB inks pact with EESL to provide USD 13 million loan
The Asian Development Bank (ADB) Sunday said it will provide USD 13 million loan to EESL to promote efficient energy usage in India. ADB and the Energy Efficiency Services (EESL) signed a USD 13 million grant, to be provided by the Global Environment Facility (GEF), for the additional financing of an ongoing ADB-supported project that is promoting end-use energy efficiency, it said in a release. The grant, to be administered by ADB, is tied to the USD 200 million ADB-financed Demand-Side Energy Efficiency Sector Project. It was approved by the bank in 2016 to finance installation of millions of energy-efficient lights on streets and homes as well as energy-efficient water pumps across India. "The ADB funding is helping EESL finance energy s.....