ADB approves $250 million loan to EESL

The Asian Development Bank (ADB) has approved a loan of $250 million as part of an assistance package to Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India. The project will adopt proven energy efficient technologies to reduce electricity network losses and reduce greenhouse gas emissions. ADB had previously approved a loan to EESL in 2016 for the Demand Side Energy Efficiency Sector Project, which focuses on efficient lighting and appliances. EESL is also implementing similar projects assisted by KfW, Agence Française de Développement and the World Bank.