EESL, Shell in talks for Rs 40,000 crore JV
New Delhi: State-run Energy Efficiency Services Ltd (EESL) is in talks with oil major Royal Dutch Shell for a joint venture to invest over Rs 40,000 crore in setting up 5,000 MW decentralised solar plants with storage for low-cost electricity in rural India.
EESL is also in talks with at least two other companies for a stake in the venture. Going by a regular debt:equity ratio of 80:20, the joint venture (JV) would invest about ₹8,000 crore. Sources said EESL can hold 51% in the JV. They said Shell is keen on the partnership as it is eyeing opportunities in India’s renewable energy space.
