ADB to would grant $13 to EESL to set up an energy efficiency revolving fund (EERF)

• The Asian Development Bank (ADB) would grant $13 million to Energy Efficiency Services Ltd (EESL) to set up an energy efficiency revolving fund (EERF).
• EESL and ADB signed an agreement for a Global Environment Facility (GEF) grant of USD 13 million to establish an Energy Efficiency Revolving Fund
• The fund aims to expand and sustain investments in the energy efficiency market in India, build market diversification, and scale up existing technologies.

Points to remember:

1. Grant from ADB for EERF?