Expression of Interest-Inviting Demand for Electric Buses on a Gross Cost Contracting Basis
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About Us

A “convergence” is taking place in the way energy is delivered worldwide. India has committed to a net-zero carbon emissions target by 2070 and is building a national strategy towards this. The Government's commitments to increasing the share of renewable electricity are binding: grids are becoming digital, e-mobility is taking off, and the need to provide modern energy services that respond to the needs of the consumer first is becoming more central to policy making. These changes are disrupting the traditional supply-only public utilities and enabling innovative business models to emerge that create multiple environmental, social and economic benefits.

Convergence is a green energy focused venture of The EESL Group owned by central public sector undertakings under the Ministry of Power, New and Renewable Energy. It offers interventions that solve multiple gap areas in the energy ecosystem by amalgamating seemingly independent sectors such as electricity, transport, home appliances and introducing models for adaptation at scale through government partnerships and innovative financing such as carbon markets.

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Executive Management

Mahua Acharya

Managing Director

Ms. Acharya is an international climate finance and carbon markets expert, having worked in Europe, the USA, Asia, and India. She was most recently the Asia Director at Climate Policy Initiative and a former Assistant Director-General at the Global Green Growth Institute, Korea. Ms. Acharya brings innovative thinking, managerial ability, and operations experience, uniquely suited to take CESL to new markets and new geographies.
She was at the World Bank in her early career and has a Masters’ degree from Yale University.

Jagjeet Singh Dadiala

Chief Finance Officer

Mr. Dadiala brings over 25 years of experience in Finance – having served at both private sector entities like Chambal Fertilizers, GMR Energy as well as public sector like PFC and ONGC Petro additions Ltd. Prior to CESL, he was with Emaar India Limited, where he was managing their Treasury operations.
Mr. Dadiala has an MBA in Finance from IIFT and an Engineering degree from Delhi College of Engineering. He has keen interest in clean energy and the innovations possible in this new energy space.

Joyce Msuya

Joyce Msuya

Former Deputy Executive Director of the UNEP

Ms. Msuya is an environmentalist from Tanzania who has taken up various roles at the World Bank Group including as the head of the Bank in South Korea. In 2018, she was named the acting Executive Director of UNEP. Ms. Msuya holds a Master of Science degree in Microbiology and Immunology.

Sanjiv N. Sinha

Sanjiv N. Sinha

Former Secretary, Ministry of Power, Government of India

Mr. Sinha has held various leadership roles in Government of India including for Ministries of Power, Commerce, and Transport. Mr. Sinha is a Member of the Indian Administrative Services and has been a fellow at Princeton University and a recipient of Joint Japan World Bank Fellowship.

Yvo de Boer

Yvo de Boer

Former Executive Secretary, United Nations Framework Convention on Climate Change

Mr. de Boer is an international environmental policy advisor. From 2014 to 2016, he was Director-General of the Global Green Growth Institute (GGGI), a Seoul-based international environmental organization. Mr. de Boer has also acted as the Global Chairman of Climate Change and Sustainability Services at KPMG.

Ken Newcombe

Ken Newcombe

Chief Executive Officer & Co-Founder, C-Quest Capital

Dr. Newcombe brings over 35 years in social impact investment. He has previously worked at Goldman Sachs and the World Bank where he spearheaded the creation of the first global carbon fund. Dr. Newcombe is based in Washington DC and holds a doctorate in Energy and Natural Resource Management.