Eleven to set up renewable-led electricity distribution network in Gurugram, Nuh

Eleven, a diversified business group, said on Monday that it will invest more than ₹4,700 crore to build a new, renewable-led electricity distribution network across the Gurugram and Nuh districts.

The project, which is led by Eleven’s power distribution arm, is among the largest private investments ever proposed in Haryana’s power sector.

“The capital for the first phase is fully locked in, with the equity infused and the complete funding mix of equity and debt in place. The company, Eleven Power, has applied to the Haryana Electricity Regulatory Commission for a parallel distribution licence for the two districts, and the project is subject to the grant of the licence by the Commission,” Eleven said.

The proposed network will be powered predominantly by renewable energy, and aims to provide uninterrupted power that will reduce dependence on diesel generator backup.

Nuh, among Haryana’s most underserved districts, is included in the first phase of the rollout. Under the parallel license proposal, the existing utility retains its network and its consumers, and only consumers who opt for the new supplier would move to it.

Sunil Sachdeva, Chairman of Eleven, said, “Our vision for Eleven Power is built on three commitments: green power, uninterrupted supply, and real choice for the consumer. Electricity is not a new business for us, it is where my entrepreneurship journey began. And Gurugram is where we have built everything over the years, including Medanta. We now intend to build a future ready, world class power distribution that will serve citizens of Nuh and Gurugram for the long term.”

Sachdeva is also the co-founder of Medanta hospital. Eleven Power’s application for a parallel distribution licence is before the Haryana Electricity Regulatory Commission.

Eleven is a diversified Indian business group with presence across healthcare, financial services, technology and energy.