EESL lights up High Commission of India, London in Tri-Colour 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 Piyush Goyal, minister of state with Independent Charge for Power, Coal, New & Renewable Energy and Mines, Government of India, during his visit to London on May 13.
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.
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