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Home > News > Latest News > EESL Plans to Invest Rs. 24.41 Crore for LEDs Across Indian Airports

EESL Plans to Invest Rs. 24.41 Crore for LEDs Across Indian Airports

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19-06-2018 06:06 AM Latest News

Some of the best airports in the world are located in India. The replacement of conventional lighting with LED lighting has taken everyone by storm. And the recent application will be seen at the airports of India. Energy Efficiency Services Limited (EESL) will invest Rs. 24.41 crore to install energy efficient LED lights at airports, buildings and facilities owned by the Airports Authority of India (AAI). Basically, it is a part of the Buildings Energy Efficiency Programme.

“Replacement of existing conventional light fittings with energy-efficient LEDs across airports and buildings of AAI will contribute significantly to India’s climate goals,” Saurabh Kumar, managing director, EESL, said in a statement on Thursday.

The whole process of procurement, installation and maintenance of the LED lighting will be handled by EESL without any burden on AAI. The period of contract is touted to be five years. EESL will be taking complete responsibility for repair as well as the replacement for the entire duration.

According to the memorandum of understanding (MoU) between EESL and AAI, the programme will be carried under the energy saving companies (ESCO) model. As per the MOU, the entire upfront investment is borne by EESL and recovery of investments is made through monetized shared savings.

“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,” Kumar added.

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