It commits Rs.24.41 cr AAI project
Energy Efficiency Services Limited (EESL)has signed a Memorandum of Understanding (MoU) with the Airports Authority of India (AAI) for installing energy-efficient LED lights at airports, buildings and facilities across India.
EESL will make the entire upfront investment of Rs.24.41 crore on the project covering AAI owned properties.
The MoU is signed under the Buildings Energy Efficiency Programme (BEEP).
The entire procurement of lighting equipment, installation and maintenance will be undertaken by EESL without any cost burden on AAI.
The project will be completed within 4 months from the date of signing a definitive Energy Performance Agreement (EPA). The contract period is five years and EESL takes complete responsibility of replacement/repair for the duration.
Under the MoU, EESL will execute the energy efficiency programme on Energy Service Companies (ESCO) model where the entire upfront investment is borne by EESL and recovery of investments is made through monetised shared savings.
EESL has partnered with several leading institutions like the Indian Railways, Central Public Works Department, Delhi Metro Rail Corporation etc, to replace inefficient lighting and cooling appliances with efficient equipment.
EESL has already retrofitted energy-efficient appliances in prominent government buildings such as NITI Aayog, Nirman Bhawan, Sardar Patel Bhawan, Shastri Bhawan, J&K Assembly, Jammu Secretariat, Vidyut Bhawan, and Rajiv Chowk metro station.
At present, the cost savings through 508 completed building projects across India are estimated to be over Rs.41 crore with reduction of 38,392 tonnes of CO2 emissions, which is bound to increase with each completed project.
Currently, the programme is being implemented at 2,862 buildings across India and will be completed by 31 March 2018.
As part of the Buildings Energy Efficiency Programme launched in May 2017, EESL intends to bring in investment of around Rs.1,000 crore covering more than 10,000 large government/private buildings by 2020 enabling annual monetary savings of Rs.800 crore, energy savings of 100 crore kWh per year and annual CO2 reduction of 10 lakh tonne.
Energy Efficiency Services Limited (EESL), under the Ministry of Power, is working towards mainstreaming energy efficiency and is implementing the world’s largest energy efficiency portfolio in the country.
Thus far, EESL has distributed over 29 crore LED bulbs and retrofitted 48 lakh smart LED streetlights across India through self-sustaining commercial models. fii-news.com
