EESL to join hands with energy service firms to increase BEEP
POWER & RENEWABLE ENERGY

EESL to join hands with energy service firms to increase BEEP

State-run EESL said that it would join hands with private sector energy service firms to increase its Building Energy Efficiency Programme (BEEP).

In a statement, Energy Efficiency Services Limited (EESL) told the media that it is growing business models for collaborating with private sector Energy Service Companies (ESCOs) and expanding its service offerings in the BEEP, given the large market potential in the nation. BEEP is being executed since 2017, and EESL has invested about Rs 350 crore in the programme.

About 11,000 buildings have been included under this programme via the retrofitting of inefficient appliances with energy-efficient products such as EE fans, LED lights, and super-efficient air conditioners.

EESL Chief Executive Officer (CEO) Arun Kumar Mishra told the media that the partnership with private sector ESCOs is integral to its vision of scaling up BEEP's scope and enhancing the country's energy efficiency portfolio. Senior Energy Specialist, World Bank, Ashok Sarkar, told the media that the energy efficiency market in India is likely to be about USD 10 billion.

When it comes to attaining climate actions goals like net-zero by 2070, they require at least 60 times more private investment globally than what they have presently. Private sector ESCO support is the key. EESL has performed wonderfully well in the last five years; they can make it even better by operating with smaller ESCOs.

Image Source

State-run EESL said that it would join hands with private sector energy service firms to increase its Building Energy Efficiency Programme (BEEP). In a statement, Energy Efficiency Services Limited (EESL) told the media that it is growing business models for collaborating with private sector Energy Service Companies (ESCOs) and expanding its service offerings in the BEEP, given the large market potential in the nation. BEEP is being executed since 2017, and EESL has invested about Rs 350 crore in the programme. About 11,000 buildings have been included under this programme via the retrofitting of inefficient appliances with energy-efficient products such as EE fans, LED lights, and super-efficient air conditioners. EESL Chief Executive Officer (CEO) Arun Kumar Mishra told the media that the partnership with private sector ESCOs is integral to its vision of scaling up BEEP's scope and enhancing the country's energy efficiency portfolio. Senior Energy Specialist, World Bank, Ashok Sarkar, told the media that the energy efficiency market in India is likely to be about USD 10 billion. When it comes to attaining climate actions goals like net-zero by 2070, they require at least 60 times more private investment globally than what they have presently. Private sector ESCO support is the key. EESL has performed wonderfully well in the last five years; they can make it even better by operating with smaller ESCOs. Image Source

Next Story
Real Estate

Dharavi Reimagined Rs 957.9 Billion Makeover

Construction World got a sneak peek at the plan submitted and approved by the Maharashtra Government a few days ago. Here are a few insights from the plan. When we spoke to SVR Srinivas, CEO of the Dharavi Redevelopment Project, last month, the plans were still under wraps. Today, with the development blueprint in hand, the vision is beginning to take shape—with timelines, phases, and goals now clearly defined. Imagine Dharavi in 2031 — no longer a crowded slum but a thriving, green, and modern community with wide walkways, clean parks, and fast metro connections. This dream is becomi..

Next Story
Real Estate

Tall Expectations

Mumbai’s World Trade Centre Tower 1, completed in 1970, marked the start of tall building construction in India, going by the Council on Tall Buildings & Urban Habitat’s definition of tall buildings as structures with a height of at least 150 m. More than half a century later, the country has barely 273 tall buildings by the same definition, according to the CBRE report Sky is the Limit: Rise of Tall Buildings in India.Mumbai remains the centre of tall building construction in India, notes Sailesh Mahimtura, Chairman & Managing Director, Mahimtura Consultants, a fact corrobora..

Next Story
Real Estate

Cool Office

In a city clogged by traffic and long commutes, WoCO One emerges as a sustainable, commuter-friendly workplace. Spread across 3.6 acre, WoCO One (World of Cool Offices) reimagines the modern office for today’s workforce. More than just a place to work, it nurtures wellbeing and collaboration through open, airy layouts, cafés, lush verandas and multifunctional terraces designed to inspire and refresh.“Gurugram is moving towards sustainability and the walk-to-work model aligns seamlessly with that shift,” says Gagan Deep Singh, Founder Director, WoCO...To read read the full story Cli..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?