Comments
Energy Efficiency Services Ltd (EESL) has signed a Memorandum of Understanding with the Airports Authority of India (AAI) for installing energy-efficient LED lights at airports, buildings and facilities owned by the AAI across India. EESL will make the entire upfront investment of Rs 24.41crore on the project.
A MoU was 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 four months from the date of signing a definitive Energy Performance Agreement (EPA).
Saurabh Kumar, Managing Director, EESL and A.K. Sharma, Executive Director, Airports Authority of India, inked the MoU under which EESL will execute the energy efficiency programme on the ESCO model, where the entire upfront investment is borne by EESL and recovery of investments is made through monetised shared savings. The contract period is five years and EESL would take complete responsibility for replacement /repair for the duration.
Saurabh Kumar, Managing Director, EESL said, “Replacement of existing conventional light fittings with energy-efficient LEDs across airports and buildings of AAI will contribute significantly to India’s climate goals. We have successfully transformed multiple commercial buildings in India into energy-efficient complexes. This is a testimony to our commitment to reduce energy consumption with world-class appliances. We are well on our way to radically transforming the energy efficiency scenario in the country by retrofitting huge commercial complexes.”
EESL has partnered with several leading institutions including the Indian Railways, Central Public Works Department and Delhi Metro Rail Corporation 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. Currently, the programme is being implemented in 2,862 buildings across India and will be completed by March 31, 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 tonnes.
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.