Vishal Kapoor, CEO, Energy Efficiency Services (EESL), today took additional charge as CEO of Convergence Energy Services Limited (CESL), a wholly owned subsidiary of EESL looking after the business portfolios of electric mobility, carbon financing, and battery energy storage.
Kapoor joined EESL on November 2, 2022, prior to which he was serving as a joint secretary in the Ministry of Power. Mahua Acharya, outgoing CEO, CESL had resigned from her post late last year, while her last day as the CEO of CESL was January 13, 2023.
Speaking about his new role, Kapoor said he would steer his teams at CESL towards achieving the targets set under the NEBP and take forward the e-mobility initiatives that CESL has successfully brought to national saliency in the past as a part of India’s march through the energy transition progress.
The National Electric Bus Programme (NEBP) has a target to deploy 50,000 e-buses across the country and is envisioned to aggregate robust demand from the State Transport Undertakings (STUs).
Kapoor mentioned that CESL is now focusing on EV deployment models that integrate commercial investment as well as carbon finance. “CESL will work towards fulfilling the commitments made by the Honourable Prime Minister for mitigation of climate change and achieving the sustainable goals,” he added.