Comments
Energy Efficiency Services Ltd (EESL) expects to bag a ₹300-crore contract to replace street lamps in Kolkata with energy efficient LED lights.
Consumes less powerLED consumes 50-52 per cent less electricity and has better luminosity. The project is expected to bring about major savings to the city civic authority’s annual electricity bill of ₹125 crore.
EESL is a joint venture of State-owned generation major NTPC; finance outfits, Power Finance Corporation Ltd (PFC) and Rural Electrification Corporation Ltd (REC); and transmission major PowerGrid.
According to Saurabh Kumar, Managing Director, EESL, the project envisages replacement of nearly 3,00,000 sodium vapour-enabled yellow coloured lights in Kolkata.
The company has already completed a pilot project to showcase the advantages to the Kolkata Municipal Corporation.
A contract may be awarded after the general elections.
“We have been in discussion with the State Government and the Kolkata Municipal Corporation (KMC). Orders for replacement of street lights are expected after the elections,” Kumar told reporters on the sidelines of a seminar organised by the Bengal Chamber of Commerce and Industry (BCCI) on Saturday.
BCCI, which recently carried out an energy audit, would also opt for similar energy saving measures with EESL. EESL has carried out similar projects on street-lighting across Tier-II towns of Nashik, Ludhiana, Puducherry and Mohali.
The company currently has an order-book worth ₹1,000 crore and wants to to take it to ₹4,000 -5,000 crore in the next three to five years.
Built-Operate-TransferElaborating the financial model, Kumar said EESL proposes to make the initial investments, recoverable from the civic authority in nine years.
Apart from the finance cost, the civic authority would also share a part of the savings on electricity bill with the JV.
“Even after repayments to us, there would be net savings to KMC,” he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.