The World Bank president Jim Yong Kim has lauded Power PSUs-promoted Energy Efficiency Services Ltd (EESL) for energy efficiency (EE) programmes. Applauding the company as a “Star Performer” at the recently-held One Planet Summit in Paris, he commended its efforts to spearhead EE by distributing LED bulbs and tubelights that will save up to 20 GW electricity capacity generations from coal by mid-2019.
“EESL’s business model has incentives for all stakeholders and deliver outcomes in a time bound manner to enable more. It has the power to unlock demand in sectors, where none existed and therefore EESL is able to drive large-scale initiatives to create market for disruptive solutions. It is due to our business models that the international fraternity is now acknowledging our efforts in the space of energy conservation and mitigating climate change,” said EESL managing director Saurabh Kumar, in a press statement.
According to Kumar, EESL has successfully distributed over 28 crore LED bulbs, 43.9 crore LED tubelights, and 14.3 lakh BEE 5-star energy-efficient fans across the country under the government’s Unnat Jyoti by Affordable LEDs for All (UJALA) programme. It has retrofitted over 41 lakh streetlights, illuminating over 50,000 kilometers of country’s roads under the Street Lighting National Programme (SLNP). Also, the company has undertaken retrofitting drives in over 90 buildings as part of the Buildings Energy Efficiency Programme.
“Energy being saved as a result of implementation of these initiatives has resulted in reduction of over 3 crore tonnes of CO2, and is therefore equivalent to saving over 2,200 crore tonnes of coal to generate electricity. These savings translate into energy sufficiency to light up close to 70 lakh households in the country,” he added.
EESL, Kumar stressed, aims to propel the country towards meeting its growth and development goals aligning with the Nationally Determined Contributions (NDCs) for reducing the Emissions Intensity of its GDP by 33-35% by 2030. “EESL functions with the belief that it is essential to adopt a market-led approach to make efficient and future-ready technology solutions accessible, affordable, and available. The company is driven by the objective of enabling more efficiency, more innovation, and more excellence towards enabling rapid adoption of these transformative solutions. It is with this objective of enabling more, that EESL has set foot in areas such as e-mobility and smart grid connectivity.”
He added: “The initiatives implemented by EESL are worthy of global recognition and replicability. They have demonstrated exceptional potential to save and conserve energy, which is leading to reduction in the country’s overall carbon footprint and helping make many other countries energy efficient.”