Energy Efficiency Services Ltd (EESL) has signed a Memorandum of Understanding with the Airports Authority of India (AAI) for replacing conventional lights with energy-efficient LED lights all across the airports, buildings and facilities owned by the AAI across India. EESL will make the entire upfront investment of Rs. 24.41-crore 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 carried out by EESL without any expenditure by AAI. The project is touted to 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 implement 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.”