EESL signs MoU with oil companies for energy saving appliances -Governance Now

EESL signs MoU with oil companies for energy saving appliances

Consumers can purchase an LED bulb at Rs 70, LED tube light at Rs 220 and a five-star ceiling fan at Rs 1,200

GN Bureau | August 18, 2017

#power #energy saving appliances

Energy Efficiency Services Limited (EESL), a joint venture company of PSUs of ministry of power, signed an agreement with oil marketing companies (OMCs) of ministry of petroleum and natural gas for distribution of energy efficient appliances under the flagship Unnat Jeevan by Affordable LEDs and appliances for All (UJALA) scheme.

According to the agreement, Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) will take up distribution of LED bulbs, LED tube lights and energy efficient fans from select retail outlets across the country. The distribution of these energy efficient appliances will be conducted in a phased manner across these select outlets. In the first phase, distribution will commence from Uttar Pradesh and Maharashtra.

As part of the MoUs with the OMCs, EESL will make the entire upfront investment for ensuring availability of the products at the outlets and no upfront capital cost will be borne by the OMCs barring manpower and space.

Consumers can purchase high quality 9W LED Bulbs for Rs 70, 20W LED Tubelight for Rs 220 and five-star rated ceiling fan for Rs 1,200.

Minister of state (IC) for power, coal, new & renewable energy and mines, Piyush Goyal said, “Two important ministries of the centre have come together to realise prime minister Narendra Modi’s vision of every citizen having access to energy efficient appliances.

The marketing network of the three oil marketing companies is unparalleled and this tie-up will only accelerate and scale up the distribution of energy efficient appliances across the length and breadth of the country.”

Minister of State (IC) for Petroleum, and Natural Gas, Dharmendra Pradhan said that the government intends to reduce dependence on import of energy by upto 10 percent.

Currently, over 25.5 crore LED Bulbs, over 30.6 lakh LED tube lights and around 11.5 lakh energy efficient fans have been distributed in the country under the UJALA scheme. This is leading to an annual energy savings of over 3,340 crore kWh and resulting in avoidance of over 6,725 MW of peak demand. Through the scheme the estimated cumulative cost reduction in bills of consumers annually, is over Rs 13,346 crore and is leading to reduction of approximately 2.7 crore tonnes of CO2 every year.

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