New Delhi: Energy Efficiency Services Limited (EESL) has lit up the High Commission of India, London with Tri-colour lightings. The High Commission which is situated in the iconic ‘India House’ building, in the heart of London, is now lit up with energy efficient façade lighting. The UK High Commission, which is also the largest Indian mission outside India, is the first to sign up an ESCO contract with EESL. Notably, the contract was signed in the presence of Shri Piyush Goyal, Hon’ble minister of state with Independent Charge for Power, Coal, New & Renewable Energy and Mines, Government of India, during his visit to London on 13th May 2017.
Under the contract EESL will install 1,700 LED lights in High Commission of India. The installation of these LED lights will lead to annual energy saving of 147,000 units and cost savings of 23,000 pounds over seven years. The building will be turned energy efficient by retrofitting LED lights inside the building as well as the façade lighting which will lead to 66% reduction in energy consumption.
Under the ESCO model, a utility purchases energy savings and/or demand reductions using a predetermined rate. Implementation of the LED programme results in energy savings which are monetised. EESL is paid fixed amounts per kWh upon completion of the LED project. The savings achieved are assessed by an authorized measurement and verification (M&V) organization. The project duration is for 7 years within which EESL will also provide operational maintenance of the installed lights.
EESL, under the administration of Ministry of Power, Government of India, is working towards mainstreaming energy efficiency and is implementing the world’s largest energy efficiency portfolio (worth £5.6bn over a period of 3 years) establishing a 20 fold growth. Thus far, EESL has retrofitted over 240 million LED bulbs and 2 million smart LED streetlights across India through self-sustaining commercial models. It has pioneered innovative business approaches to successfully roll-out large-scale programs that allow for incentive alignment across the value chain and rapidly drive transformative impact. EESL aims to leverage this implementation experience and exploit new opportunities in overseas market for diversification of its portfolio. As on date, EESL has begun its operations in UK, South Asia and South East Asia.
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