Current Affairs - Business - Discussion

Government-run Energy Efficiency Services Ltd (EESL) signed memorandum of understanding (MoUs) with Andhra Pradesh State Government to invest Rs 3730 crore in the state. The MoUs envisage supply of 10000 electric cars and 4000 chargers to various departments of Andhra Pradesh through Non-conventional Energy Development Corporation of Andhra Pradesh Limited (NREDCAP). Other MoUs were related to supply of approximately 17 lakh smart energy meters to two power distribution companies in Andhra Pradesh viz. - Andhra Pradesh Eastern Power Distribution Company Ltd. (APEPDCL), and Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL).