EKI Energy Services Ltd.’s (EKIESL) associate – GHG Reduction Technologies Pvt. Ltd. inaugurates its Nashik plant, commences manufacturing of its Improved Cook stoves (ICS) – EQ Mag Pro

• The factory has a capacity to manufacture up to 3million cook stoves per year and will aim to double it by the end of the current financial year to deploy up to 6 million cook stoves in the next one year

• The company will replace traditional mud/ three stone fire stoves across rural homes globally with its improved cook stoves – ‘Agneeka’

• The factory is spread over an area of 9000 square feet and will offer employment opportunities to 500+ personnel

• Each Agneeka will help prevent up to 4000kg of CO2 emissions per year enabling the atmosphere

India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the globe, today announced that its associate – GHG Reduction Technologies Pvt. Ltd. that was established earlier this year has commenced operations of its Nashik plant for the manufacturing of improved cook stoves (ICS).

Branded ‘Agneeka’, the improved cook stoves will enable rural households across the globe to switch to an efficient cooking solution. The cook stoves will be manufactured and deployed in a phased manner starting with villages in India. The company will soon commence the export of the cook stoves to remote locations in other countries for homes that are still dependent on traditional mud/three stone fire stoves.

The plant has a capacity to manufacture up to 3 million cook stoves per year and the company aims to double this by the end of the current financial year. The plant will also offer employment opportunities to 500+ people, 150 of which will be directly employed at the state-of-the-art plant build over 9000 square feet.

Mr. Pankaj Pandey, Head – Community based Projects, EKI Energy Services Ltd. (EKIESL) said, “Community upliftment is a core focus area for us at team EKIESL. In line with this, we are excited to start manufacturing our cook stoves – Agneeka and empower homes in rural villages across the globe with a healthier and safer cooking alternative that is also eco friendly given its energy efficiency. We are happy that with this we will also offer numerous employment opportunities enabling more people to improve their lives. We promise to continue this vigour to work on projects that enable and empower communities as we help build a sustainable and greener planet”.

GHG Reductions Technologies Pvt. Ltd. was established by EKIESL earlier this year as an associate for strengthening backward integration of carbon credit supply through its green initiatives. Each improved cook stove of EKIESL helps prevent up to 4000kg of CO2 emissions per year. The cookstove is about 30% more efficient than traditional mud/three stone fire cook stoves enabling a 45-55% reduction in the consumption of firewood as fuel.

EKIESL’s Green Cooking initiative is a sustainable community development programme that was launched in 2018. The project also aligns with the Sustainable Development Goals (SDGs) of the UN with its added benefits of reduction of deforestation, reduction of environmental pollution, biodiversity conservation, health benefits to villagers and generation of employment.

Since its inception in 2008, EKIESL has been working towards building a sustainable planet and offers comprehensive bouquet of end-to-end solutions for climate action, enabling companies to achieve their climate goals. For more details on EKIESL’s sustainable climate solutions.

About EKI Energy Services Limited (EKIESL)

EKI Energy Services Limited is a leading Carbon Credit Developer & Supplier across the globe, founded in 2008, the Bombay Stock Exchange listed company is more popularly known as EnKing International. EKIESL has been passionately working towards rehabilitating planet Earth to a future of net-zero carbon emission. The company offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute for the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. The company has incorporated a new associate – GHG Reduction Technologies Pvt. Ltd. for the backward integration of carbon credit supply. EKIESL also has a partnership with Shell Overseas Investments B.V. for Nature based Solutions. EKIESL has 2500+ clients across 40+ countries worldwide and has supplied over 180+ million offsets as on date.