Vastavam web: The Indian High Commission building in central London has been lit up in energy efficient tricolour leading to annual energy and cost savings.”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,” an EESL statement said.”The building will be turned energy efficient by retrofitting LED lights inside the building as well as the fade lighting, which will lead to 66 per cent reduction in energy consumption,” the statement said.
Under the ESCO model created by EESL a joint venture of NTPC, Power Finance Corporation, Rural Electrification Corporation and Powergrid a utility purchases energy savings and/or demand reductions using a predetermined rate.Implementation of the LED program results in energy savings, which are then monetized. 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) organisation. The project duration is for seven years, within which EESL also provides operational maintenance of the installed lights.So far, the firm has retrofitted over 240 million LED bulbs and 2 million smart LED streetlights across India through “self-sustaining” commercial models.