EKI Energy Launches INR 1000 Cr Fund, Focuses On High Impact Investment

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EKI Energy Services (EKI), developer and supplier of carbon credits, announces that it will invest up to INR 200 crores as part of an INR 1000 crores (125 million USD) climate impact fund that it has launched in partnership with Impact Capital Asset Management (ICAM), a Singapore-based Fund Management company.

EKI will invest up to INR 200 crores in a phased manner in this fund with an aim to empower 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 (ICS), 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.

Manish Dabkara, Chairman and MD, EKI said, “The world is fast striding towards a net-zero future. We, as climate warriors, want to empower this journey with focused investments in climate projects globally. We also want to strengthen our focus on community development. We are delighted to take a significant and concrete step forward toward ensuring increased climate mitigation in India and other parts of the world. We promise to continue developing projects that address larger community issues while also enabling nature restoration.”

“Focussed on the Planet, its People and Profit (for investors and stakeholders), at ICAM, we are delighted to be partnering with EKI Energy Services, the leading player globally in the Climate Change/Carbon Offset development space. We look forward to collectively doing our bit to address the challenges of Climate Change by leveraging on our experience to accelerate investments into high impact GHG mitigation and community upliftment projects and initiatives while delivering superior and sustainable risk adjusted returns for our investors.”, said Deepak Mawandia, Founder and CEO, ICAM.



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