New Delhi (NVI): Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, today announced the appointment of Rajat Sud as its Managing Director with immediate effect. Sud has more than 25 years of experience in the energy sector.
Sud takes over from S Gopal Director (Commercial), who had taken on the additional charge of interim MD. Sud’s repertoire encompasses energy sector restructuring, business strategy, performance improvement and acquisitions.
He also has several notable accomplishments, in securing international consulting engagements, building teams and businesses, driving innovative solutions growth, policy formulation and reforms in the Indian power sector, where he played a lead role in unbundling of the state-owned utilities.
His experience in the sector will be indispensable in helping EESL achieve its ambitious goals and create a new energy paradigm in the country, EESL, a joint venture of PSUs under the Ministry of Power, said in a statement.
Before joining EESL, Sud served as Executive VP at Sterlite Power Transmission Ltd, where he was responsible for the growth of the services business, with a focus on providing solutions for enhancing power delivery through congested transmission lines and corridors. He has also served in leadership positions at Siemens IT Solutions (SISL) and PwC.
Speaking on his appointment, Rajat Sud said, “I have admired EESL, a young and vibrant organization, and its pioneering role in energy efficiency in India. EESL’s impactful initiatives in buildings, transportation, lighting and energy generation have created unprecedented milestones. I am delighted and honored to lead this pioneering company and will work towards the goal of building energy secure and resilient nation, through innovative energy efficiency programmes.”
Saurabh Kumar, EVC, EESL said, “Mr. Rajat Sud has considerable experience in the energy sector and his exhaustive domain knowledge and vision will enable EESL is setting new benchmarks in the energy efficiency space. I look forward to working closely with him to drive transformative energy efficiency programmes.
EESL, under the administration of Ministry of Power, is working towards mainstreaming energy efficiency and is implementing the world’s largest energy efficiency portfolio in the country. Driven by the mission of Enabling More – more transparency, more transformation, and more innovation, EESL aims to create market access for efficient and future-ready transformative solutions that create a win-win situation for every stakeholder.
EESL has pioneered innovative business approaches to successfully roll-out large-scale programs that allow for incentive alignment across the value chain and rapidly drive transformative impact. EESL aims to leverage this implementation experience and explore new overseas market opportunities for diversification of its portfolio. As on date, EESL has begun its operations in UK, South Asia and South-East Asia.