Financing for Impact: CLASP Collaborates to Accelerate India’s Net Zero Transition

CLASP and India's Energy Efficiency Services Limited (EESL) agree to support the 10 million Energy-Efficient Fans program in support of India's transition to Net Zero Carbon Emissions.

Karishma Joseph

GOA, 22 JULY 2023 – CLASP and Energy Efficiency Services Limited (EESL) signed a Memorandum of Understanding (MoU) at a side-event on “Accelerating India’s Net Zero Transition through Energy Efficiency, Sustainable Cooling & Mobility” at the 14th Clean Energy Ministerial (CEM14) to support EESL’s 10 million Energy-Efficient Fans programme, which will help support India’s transition to Net Zero Carbon Emissions. The event was by members of the Ministry of Power, Bureau of Energy Efficiency, State ministers from Andhra Pradesh and Orissa among others.

CEM14 brings together energy ministers, business leaders, policymakers, and experts from around the world to collaborate and take collective action through energy efficiency measures across sectors. During the event, Vishal Kapoor, CEO – EESL unveiled EESL’s 10 million Energy-Efficient Fan programme, which aims to transform India’s market towards energy-efficient ceiling fans. By raising the efficiency levels of the entire stock of residential ceiling fans, India could save 15% of its residential power consumption annually.

Under the partnership agreement, CLASP will support ceiling fans market transformation programme with technical assistance and capacity building to EESL on Quality Assurance and Quality Control (QAQC).

Vishal Kapoor, Chief Executive Officer, EESL, said, “These partnerships and collaborations reinforce EESL’s commitment to driving energy efficiency and sustainability in various sectors. By pooling our expertise and resources with experts, we will accelerate the pace of India’s transition towards clean energy solutions. EESL remains dedicated to promoting a clean, sustainable, and inclusive energy future, while addressing the challenges and opportunities associated with energy efficiency.”

Bishal Thapa, Senior Director, CLASP, said, “A programme of this scale and nature is a true representation of the collaboration needed to keep our planet cool amid rising temperatures. CLASP applauds EESL’s efforts in bringing together several organizations, who will bring their shared expertise to work towards a single goal of enabling efficient cooling in India.”


For media inquiries and more information, please contact:

Karishma Joseph

Communications – CLASP India

About CLASP:

Established in 1999, CLASP is a leading international nonprofit organization at the epicenter of collaborative efforts to combat climate change and drive the transition towards a more energy-efficient future. With a primary focus on promoting appliance efficiency for the well-being of people and the planet, CLASP aims to ensure that no one is left behind due to inefficient appliances or limited access to energy sources. The organization actively supports the achievement of United Nations’ Sustainable Development Goal 7, which aims to provide affordable and sustainable energy for all. CLASP works closely with governments and partners to empower low-income communities and improve lives in a climate-friendly manner. Through its dedicated efforts, the organization remains steadfast in its commitment to expanding access to clean energy by implementing efficiency standards and labels for appliances, lighting, and equipment. With its global presence across Washington, DC; Nairobi, Kenya; New Delhi, India; Brussels, Belgium; and Jakarta, Indonesia, CLASP operates across continents to drive positive change on a global scale.

About EESL:

A joint venture of NTPC Limited, Power Finance Corporation, Rural Electrification Corporation and POWERGRID, Energy Efficiency Services Limited (EESL) was set up under the Ministry of Power to facilitate implementation of energy efficiency projects. EESL is a Super Energy Service Company (ESCO) that seeks to unlock energy efficiency market in India, estimated at Rs 74,000 crore that can potentially result in energy savings of up to 20 percent of current consumption, by way of innovative business and implementation models. It also acts as the resource centre for capacity building of State DISCOMs, ERCs, SDAs, upcoming ESCOs, financial institutions, etc.


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