EESL’s energy efficiency projects to bring in Rs 1,000 crore investment

India Infoline News Service | Mumbai | August 13, 2017 08:12 IST

Under the programme, EESL intends to bring in investments of around Rs 1,000 crore covering more than 10,000 large government/private buildings by 2020.

Department of Expenditure under Ministry of Finance has decided to take up services of Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, on nomination basis to assist various ministries and departments to retrofit energy efficient appliances in all their premises across the country. Under the programme, EESL intends to bring in investments of around Rs 1,000 crore covering more than 10,000 large government/private buildings by 2020.
 
Energy Efficiency Services Limited (EESL) is the implementation agency for the Buildings Energy Efficiency Programme, which was launched in May 2017.
 
It is estimated that about one crore LED lights, 15 lakh energy efficient ceiling fans, and 1.5 lakh energy efficient ACs will be retrofitted by EESL in these buildings. Apart from retrofitting, EESL also aims to widen its services in areas like centralised AC system, Energy Audits, and New Generation Energy Management System in buildings. The Buildings Energy Efficiency Programme has two business models namely ESCO (Energy Servicing Company) model and PMC (Project Management Consultancy) model.
 
With the Buildings Programme, EESL aims to enhance the savings portfolio and ensure energy security for each citizen. EESL has so far installed about 94,000 LED lights, 3,000 energy efficient air conditioners, and over 400 energy efficient ceiling fans in these buildings.
 
At present, the savings through 28 completed building projects across seven states are estimated to be over 11.03 MU, which is bound to increase with each completed project.

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