EESL to invest Rs.24.41Cr to install energy-efficient LEDs in airports

New Delhi [India], Mar. 2 (ANI): Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power signed a Memorandum of Understanding (MoU) with the Airports Authority of India (AAI) for installing energy-efficient LED lights at airports, buildings and facilities owned by the AAI across India.

To this regard, EESL will make an upfront investment of Rs. 24.41 crore on the project.

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).

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. The contract period is five years.

Earlier, EESL 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.

The company has already installed energy-efficient appliances in prominent government buildings such as NITI Aayog, Nirman Bhawan, Sardar Patel Bhawan, Shastri 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 crores with reduction of 38,392 tonnes of carbon dioxide 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 March 31.

As part of the Buildings Energy Efficiency Programme launched in May 2017, EESL intends to bring in an investment of around Rs. 1000 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 carbon dioxide reduction of 10 lakh tonne.

"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. We are well on our way to radically transform the energy efficiency scenario in the country by retrofitting huge commercial complexes," said EESL MD Saurabh Kumar. (ANI)

This story has not been edited. It has been published as provided by ANI