Financing Energy Efficient Street Lighting in India

Purpose

Support the implementation of an innovative financing mechanism in order to reduce by 30-40% the consumption of the street lighting network in the cities of Madhya Pradesh.

Main Activities

  • Prepare baseline data for use in the tendering purpose for ESCO projects;
  • Develop tender documents for the benefits of the Municipal Corporation;
  • Launch the tender;
  • Select the winning ESCO to implement the project and negotiate the contract between the ESCO, Municipal Corporation and MPSEB;
  • Supervise the project implementation and insuring the fair application of the performance contracting concept by all parties;
  • Search for a carbon buyer and supporting the trade of the CERs.

Expected Impact

  • Reduction in energy consumption and associated cost savings;
  • Improved efficiency;
  • Replication across other states and countries.
Programme sector: 

Energy Efficiency (EE) (Business&Finance)

Stage of project: 

Completed

Duration: 

2005 - 2006

Budget: 

€ 1,572,000 including co-funding from Asian Electronics Ltd, Central Discom

Implementing agency: 

Econoler International

REEEP grant funded by:

United Kingdom