CESL accelerates on the green track, opens bids for 6,465 electric buses

The subsidiary of a joint venture owned by four public sector power companies is moving rapidly to enable the creation of a transport ecosystem based on renewable energy

On Tuesday, Convergence Energy Services Ltd (CESL) opened bids for the country’s largest tender for 6,465 electric buses, which it aggregated on behalf of various state transport undertakings. The response was overwhelming with four players — Ashok Leyland-promoted Switch Mobility, PMI Electro Mobility, JBM, and Pinnacle — becoming the highest bidders in one or more of the eights lots of electric bus requirements (based on different specifications) that came up for bidding.

With this, the state-owned company, which was set up in 2020 to offer interventions to solve gaps in the energy renewable ecosystem, appears to be moving in double-quick