Home India Modi govt’s energy efficiency scheme to enable Rs 1,000 cr investment by 2020
Modi govt’s energy efficiency scheme to enable Rs 1,000 cr investment by 2020

Modi govt’s energy efficiency scheme to enable Rs 1,000 cr investment by 2020

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The Modi government’s flagship scheme to ramp up energy efficiency profile of buildings being executed by Energy Efficiency Services Ltd (EESL) will lead to investments of Rs 1,000 crore over the next three years through 2020, an official statement said today.

EESL, a joint venture of PSUs under the power ministry, is implementing the Buildings Energy Efficiency Programme which was launched by power, coal, renewable energy and mines minister Piyush Goyal in May. “Under the programme, EESL intends to bring in investment of around 1,000 crore covering more than 10,000 large government or private buildings by 2020,” the ministry said.

EESL plans to retrofit one crore LED lights, 15 lakh energy-efficient ceiling fans and 150,000 lakh energy efficient ACs in buildings. Apart from retrofitting, EESL also aims to widen its services in areas like centralized AC system, Energy Audits, and New Generation Energy Management System in buildings.

The finance ministry has issued guidelines for mandatory installation of energy-efficient appliances in all central government buildings across the country as a majority of these buildings are old constructions and, therefore, consume large amount of energy. The finance ministry has directed usage of LED-based lightings and energy-efficient cooling equipment in government buildings will lead to savings through reduction in energy consumption.

In order to implement this plan, the Department of Expenditure under Ministry of Finance has decided to take up the services of EESL on nomination basis to assist ministries and departments to retrofit energy-efficient appliances in their premises across the country.

The Buildings Energy Efficiency Programme has two business models — The Energy Servicing Company (ESCO) model where the entire upfront investment is made by EESL and is paid back by the building owner out of the resulting energy savings from the intervention and the Project Management Consultancy (PMC) model where EESL acts as the project management consultant for implementing the project and the client invests the entire project cost and bears one-time PMC charges of EESL.

Prime Minister Narendra Modi had in January 2015 launched the National LED Programme to facilitate rapid adoption of LED-based home and street lighting across the country. The programme components — Unnat Jeevan by Affordable LEDs and Appliances for All (UJALA) and Street Lighting National Programme (SNLP) of EESL — are currently under implementation in 29 States and 7 Union Territories.

Source: energy.economictimes.indiatimes

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Anand Gupta Editor - EQ Int'l Media Network

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