PM  Office selects Asian Electronics Ltd.  for Energy Efficiency Contract

Prime Minister Office [PMO] has selected Asian Electronics Ltd. [AEL] for Energy Efficiency Performance Contract worth about Rs.6 Million.  Earlier, Shram Shakti Bhavan and Transport Bhavan have also selected AEL for similar contracts worth over Rs.25 Million.

The said Energy Efficiency programme is covered under the energy conservation measures adopted by the Government of India for achieving the objective of reducing the energy consumption by 30% within 5 years.  The Energy Conservation Act 2001 was passed by the Government of India in August 2001 and subsequently Bureau of Energy Efficiency [BEE] has been set up by the Government of India in March 2002 to promote Energy Conservation measures.   BEE has registered AEL as one of the Energy Service Companies [ESCO].

It has been estimated that nearly 25,000MW energy can be saved by implementing end-use energy efficiency and Demand Side Management measures.  Efficient use of energy and its conservation assumes even greater importance in view of the fact that one unit of energy saved at the consumption level avoids 2.5 to 3 times fresh capacity creation.  Further, such saving through efficient use of energy can be achieved at less than one-fifth the cost of fresh capacity creation.  Energy efficiency will, therefore, significantly supplement India’s efforts to meet power requirement, apart from reducing fossil fuel consumption.

As an Energy Service Company [ESCO] the energy efficiency measures are achieved without any investment on the part of the end users, who would pay only from the savings generated by the equipment.  It is a win win situation as the industry, the end-users, the utilities, the country and the environment, all benefit in the process.

‘ESCO’ is an US$28 Billion business in the USA. AEL is the leading ESCO in India’s Corporate Sector.

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