Investment for the project would be around Rs 200 crore which would be partially supported by a grant from the Global Environment Facility (GEF). Asian Development Bank (ADB) is providing necessary grant support and loan, while United Nations Environment Program (UNEP) providing technical assistance.
Under the first phase of the project EESL hopes to sell 50,000 units in Kolkata, Bengaluru, Mumbai, Chennai, Hyderabad, Jaipur and Delhi-NCR, in the next 11 months. These includes selling around 10,000 ACs in the next three months and another 40,000 in the next 6 – 8 months, before summer sets in next year.
Once this pilot programme is successfully completed, EESL aims to deploy about 2,00,000 ACs through innovative business models targeting both, residential and institutional consumers. EESL will explore opportunities to engage utilities, institutions, commercial and industrial establishments for demand aggregation and scaling-up of the programme.
These 50,000 ACs when installed is expected to save 27 million units of power consumption, about Rs 21.6 crore per annum of electricity per year, mitigating around 22,140 tonnes of CO2 annually.
In Kolkata it is looking at selling 20,000 ACs and is targeting domestic consumers and institutions, including government premises. In the second phase it hopes to sell 200,000 ACs.
S. P. Garnaik, chief general manager at EESL said: “The super-efficient AC programme will help reduce peak power demand. Consumers can expect savings of about Rs 4000 annually on power bills, when compared to 3-star non-inverter AC available in the market.”
These ACs are manufactured by Voltas and will be sold exclusively through EESL’s e-commerce portal at Rs 41,300 including GST and delivery charges, along with one-year warranty.
These 1.5 tonne inverter split ACs are 20% more efficient than BEE 5-star ACs and 50% more efficient than BEE 3-star ACs, currently available in the Indian market. It can operate smoothly at 43 degrees Celsius and provides continuous effective cooling even at high temperatures up to 52 degree Celsius.
EESL claims that the programme directly addresses prospect of the nearly four-fold increase in energy consumption from buildings and cooling appliances in India by 2032, while also addressing goals of India’s Cooling Action Plan and Hydrochloroflurocarbons Phase-Out Management Plan (HPMP), enabling achievement of India’s targets under the Kigali and Paris Agreements.
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