Energy Service Company(ESCO) route is an innovative option for bringing in energy efficiency in energy intensive applications where an ESCO comes into picture to design, install and finance the energy efficiency measures required to reduce energy bills and the maintenance costs. The ESCO recovers its expenditures from mutually agreed share from the savings in the electricity bills.
ESCO project has been implemented in MC, Hisar & HUDA, Panchkula by M/s Asian Electronics Ltd., Delhi & M/s Pranat Engineers Pvt. Ltd., Delhi respectively.
|Date of start of project||27.5.08||12.5.08|
|Date of completion of project||31.3.09||30.10.08|
|No. of street Light points||5273||5405|
|Annual Energy Consumption||25. 64 LU||24.97 LU|
|Annual Energy Saving||16.96 LU (66.15%)||14.81 LU (59.30%)|
|Annual Share in Energy Bills||Rs. 76.83 Lacs||Rs. 67.00 Lacs|
|Peak load reduction||465 kW||405 kW|
|Avoided O&M cost||Rs. 44.10 Lacs||Rs. 9.97 Lacs|
|Contract Period||8 years||6 years|
|Project cost (Rs.)||4.76 crores||3.54 crores|
A study carried out by the Department in MC, Hisar has indicated that the street lights in the MC, Hisar area are now well maintained, roads are well lit and people are happy. During the trial operations, it has been found that the project shall result into annual electricity saving of 14.807 Lacs units translating into a saving of Rs. 67.0 Lacs in the electricity bill of Municipal Corporation, Hisar annually.