Sunday, January 8, 2012

BEE and Tata Capital Limited sign an MoU for energy efficiency financing

Bureau of Energy Efficiency (BEE) and Tata Capital Limited signed a Memorandum of Understanding (MoU) to work closely on the former’s Energy Efficiency Financing Platform (EEFP). Present at the occasion were Dr. Ajay Mathur, Director General, BEE and Mr. Praveen P Kadle, Managing Director and CEO, Tata Capital Limited.
The EEFP, an initiative under National Mission for Enhanced Energy Efficiency (NMEEE), seeks to create a mechanism for enabling mainstream financing of energy efficiency projects.
Dr. Ajay Mathur said “This MoU is an important step towards strengthening the EEFP, which is a platform to facilitate learning and experience sharing on removing barriers that have stunted financing of energy efficiency projects. Tata Capital’s concerted focus on this area is a positive signal to the market and private investors.”

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