Tap ESCO model for improving energy efficiency, Kerala's Energy Management Centre tells institutions, industries
The projects are cleared subject to their viability and the agreed contractual arrangement.For the current programme, the EMC is giving priority to large commercial buildings, hotels, hospitals, and industries that focus on chemicals, pharmaceuticals, textiles, food and beverage processing, metals and engineering. Increase in electricity demand, low water storage in the reservoirs for hydro generation on account of poor southwest monsoon rainfall and the rise in the nationwide demand for electricity due to El Nino-linked warm temperatures have been cited as reasons.
- ▪The projects are cleared subject to their viability and the agreed contractual arrangement.For the current programme, the EMC is giving priority to large commercial buildings, hotels, hospitals, and industries that focus on chemicals, pharm
- ▪Increase in electricity demand, low water storage in the reservoirs for hydro generation on account of poor southwest monsoon rainfall and the rise in the nationwide demand for electricity due to El Nino-linked warm temperatures have been c
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Even as a monsoon-season power crisis in Kerala has restated the importance of efficient energy use, the State government agency Energy Management Centre - Kerala (EMC) has invited institutions and industrial and commercial establishments to make use of the Energy Service Company (ESCO) model for implementing energy efficiency projects.What makes the ESCO model attractive is that entities can implement energy efficiency improvement projects without upfront capital investment. The ESCO undertakes the investment and implementation of the selected energy efficiency measures, and the project cost is recovered from the verified energy cost savings that are generated.“This approach enables facilities to modernise energy systems, reduce operating costs and lower emissions while minimising the…
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