The Business Bytes
TBB BUREAU
BHUBANESWAR, NOV 15, 2021
Energy Efficiency Services Limited (EESL), a JV under Ministry of Power along with Institute for Sustainable Communities (ISC) has launched a utility-based Demand Side Management (DSM) programme for the DISCOMs in Odisha. A total investment of Rs.441.66 crore has been planned in the state in a phased manner.
The DSM programme aims to accelerate adoption of energy efficient technologies to reduce energy consumption as well as GHG emissions.
EESL will be taking up all the upfront and initial investment for implementation of the project and the same shall be recovered from the participating consumers in a period of 3-5 years.
Odisha was considered as the Pilot Project based on the interest shown by TP Central Odisha Distribution Limited (TPCODL) and TP Northern Odisha Distribution Limited (TPNODL) during the initial planning stage.
Speaking at the launch of the programme, Nikunja Bihari Dhal, Principal Secretary, Department of Energy, Govt of Odisha, said, “To address the country’s acute power deficit, utilities are confronted with the task of improving end-use energy efficiency and managing power demands for a sustainable growth. This has made the utility-based Demand Side Management (DSM) Programme in Odisha a vital enabler for improving the financial viability of DISCOMs. Consumers too will benefit from the programme through lowered energy consumption and reduced energy costs.”
The utility-based DSM Project, when implemented will generate financial savings of Rs. 12-13 crore for the DISCOMs of Odisha apart from associated incentives. Further, it will lead to financial savings of Rs. 73.57 crore for the consumers of DISCOMs. Through DSM, Odisha will be able to address the rising power supply costs, energy subsidies, climate change, environmental degradation, and energy security concerns. The programme will also result in seasonal peak demand reduction, energy savings and reduction in emissions of greenhouse gases.
“With growing energy consumption in Odisha, fueled by urbanization and the development of industries and infrastructure, the utility-based Demand Side Management (DSM) programme will prove to be a highly effective mechanism to ensure energy efficiency,” said UN Behera, Chairman, OERC.
