EKI Energy Services Limited (EKI) has announced that it will invest up to Rs 2 billion as part of an Rs 10 billion (USD125 million) climate impact fund that it has launched in partnership with Impact Capital Asset Management Pte. Limited (ICAM), a Singapore-based fund management company.
The Rs 10 billion fund is India’s first ever climate impact fund. EKI will invest up to Rs 2 billion in a phased manner in this fund with an aim to empower green house gas (GHG) mitigation projects across the country and internationally. The fund will specifically focus on high impact community development projects such as clean cooking through large scale deployment of energy efficient improved cook stoves, access to clean drinking water through water filtration systems and energy-saving lighting solutions like LED bulbs and waste management amongst others, to meet its objectives of improving lives while also greening the planet. Geographically, the projects will be deployed across remote locations in India and select countries in Africa, Asia and LATAM.