Energy Efficiency Services Ltd (EESL), a joint venture of public sector undertakings under the Ministry of Power, Government of India, has announced the appointment of Mahua Acharya to lead a new energy company, Convergence Energy Services Limited (Convergence), a wholly-owned subsidiary of EESL.
Mahua Acharya has two decades of experience in green finance, renewables, and carbon markets. She is an international climate finance and carbon markets expert, having lived and worked in Europe, the USA, Asia and India. She brings innovative thinking, managerial ability and operations experience in India. Her skills are uniquely suited to take EESL to new markets and new geographies, according to a statement.
Commenting on the appointment, Saurabh Kumar, Executive Vice Chairman, EESL, said, “Mahua is the right person for this job. Her strong leadership experience, knowledge of the clean energy and carbon trading business not just in India but also overseas makes her the ideal person for this role. I have no doubt she will be an asset to the organisation and I look forward to working with her to take EESL to the next level.”
Prior to this role, Mahua Acharya was Assistant Director General of Global Green Growth Institute, an intergovernmental organisation headquartered in Seoul with operations in 31 countries.
Mahua has also served as Mergers & Acquisitions Manager at ArcelorMittal and as Carbon Finance Specialist at The World Bank. Mahua holds a Masters’ degree in Environmental Management from Yale University.
Speaking about her new role at Convergence, Mahua Acharya said, “I have spent my career thus far straddling both international public sector and the private sector, and would now like to utilize my experience, skills and networks to enable large scale transformative impact in India. EESL is perfectly placed to enable the next generation of clean energy solutions and I am delighted to be working on this new venture with them.”
Energy Efficiency Services Limited provides renewable energy services. The Company offers street lighting, building energy efficiency, electric vehicles, air conditioning programs, smart meters, solar agricultural side management, and municipal energy projects. Energy Efficiency services serves customers worldwide.
Convergence builds upon the decentralised solar development experience in under-served rural communities in India, and over time, using battery energy storage, will deliver renewable energy solutions to power agricultural pumps, street lighting, domestic lighting and cooking appliances in villages. It will also work to enable battery powered electric mobility and its infrastructure and design business models to increase the uptake of electric vehicles in India.
A wholly owned subsidiary of EESL, Convergence will seek to deliver clean, affordable and reliable energy, and will focus on energy solutions that lie at the confluence of renewable energy, electric mobility and climate change, according to the statement.
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