Energy Efficiency Services (EESL), India’s state-run clean energy company, is facing financial hardship due to non-payment of receivables by urban local bodies and states. This is hindering EESL in timely payment to its vendors and continuation of operations. The power ministry is taking up the matter with states. EESL is a joint venture – NTPC NSE -3.00 % and Power Grid Corp own a major share, followed by Power Finance Corp and REC Ltd NSE -2.16 %.
