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03 Jan 2023

CESL tender discovers 29% lower price for e-buses than diesel buses

livemint

The value of the tender is over 30,800 crore. The buses are expected to run around 5,718 million kilometres over 12 years, saving 1,842 million litres of fossil fuel.

CESL tender discovers 29% cheaper price for electric buses vs diesel ones

Business Today | 03 Jan 2023 2 more

CES Ltd.

02 Dec 2022

Mahua Acharya resigns as managing director, CEO of state-owned CESL

Business Standard

Mahua Acharya, MD and CEO of state-owned Convergence Energy Services Ltd (CESL) has resigned from the top post. "This is to convey notice of my resignation from the post of Managing Director (MD) and Chief Executive Officer (CEO) of CESL including the post of Head Convergence as was originally advertised. In line with contractual requirements, my last day will be 13th January, 2023," she said in the resignation letter to Vishal Kapoor, CEO of parent firm EESL. Acharya further said she would also like to resign from the company's board as well and requested for appropriate resolution to be passed in this regard. However, she did not elaborate on the reasons for her resignation in the letter dated November 28. CESL is focused on delivering clean, affordable and reliable energy. It is a subsidiary of Energy Efficiency Services Ltd (EESL) -- a joint venture of public sector companies under Ministry of Power.

CES Ltd.

16 Nov 2022

Maharashtra to get $400-m ADB loan for 5,000 e-buses

Business Line

State to follow CESL-model of per-km pricing for bids for buses'

CES Ltd.

03 Oct 2022

Centre aiming to replace petrol, diesel-powered fleet with EVs soon: Report

Business Standard

CESL, the agency that handles the acquisition of EVs for the centre and the state governments, said that it has received an order of 3,500 EVs

CES Ltd.

22 Sep 2022

CESL floats tender for 5,690 electric buses as first tranche of NEBP

Business Standard

Convergence Energy Services Limited (CESL) on Thursday announced floating a tender for deployment of 5,690 electric buses. This is the first tender under the National Electric Bus Programme which aims to effect the deployment of 50,000 e-buses across the country, CESL said in statement. "After the success of grand challenge based tender for 5,450 e-buses, CESL announces a tender has been floated for another 5,690 e-buses. This unified tender calling for proposals for the provision of mobility services benefits from the participation of Delhi, Gujarat, Haryana, Telangana and Arunachal Pradesh," it said. The tender is based on terms and conditions standardised through the grand challenge process. It contains demand for three types of e-buses 7m, 9m and 12m -- on a gross cost contracting basis, requesting bidders to quote a price per kilometer for operating services over 12 years -- a model that is quickly becoming a standard in India. According to the power ministry, the 'grand...