Visakhapatnam, Feb 24 (IANS) The government-run Energy Efficiency Services Ltd (EESL) on Saturday signed MoUs with Andhra Pradesh government to invest Rs 3,730 crore in the state.

The MoUs, spanning across e-mobility, energy efficiency and renewable energy and aimed to create 15,000 jobs, were signed at CII Partnership Summit, which began here on Saturday.

The MoUs entail supply of 10,000 electric cars and 4,000 chargers to various departments of Andhra Pradesh through NREDCAP; supply of approximately 17 lakh smart energy meters to both power distribution companies in the state – APEPDCL and APSPDCL, and establishment of small solar PV-based power projects in phases.

Through the MoUs, EESL, a joint venture of PSUs under the Union Power Ministry, hopes to save Rs 3,185 crore.

The MoUs were signed in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu and EESL Managing Director Saurabh Kumar.

“The signing of these MoUs underscores our commitment to enabling more innovation, transformation and transparency through cost-effective and scalable solutions,” said Saurabh Kumar.