Business

EESL to invest ₹180 crore in ‘super-efficient’ ACs

Energy Efficiency Services Ltd. (EESL), a joint venture between four public sector enterprises under the Union Ministry of Power, plans to sell 50,000 air-conditioners under its super-efficient AC programme (SEAP).

“In the first phase, we plan to sell 50,000 ACs on a first-come, first served basis. It is expected to save 27 million kWh of electricity per year,” said S.P. Garnaik, chief general manager (technical), EESL. “The approximate investment will be ₹180 crore. It would be partially supported by a grant from the Global Environment Facility,” he said.

After completion of the pilot phase, EESL plans to sell two lakh ACs by 2021 through a business model targeting both residential and institutional consumers on a pan-India basis.

Mr. Garnaik also announced the launch of super-efficient ACs in Chennai and said they would be priced at ₹41,300, including GST and would come with a one-year free warranty. Manufactured by Voltas, they would be sold exclusively through eeslmart.in.

“Over the past one month, we have already received 10,000 registrations on our website. We plan to sell 10,000 ACs in the next three months and another 40,000 in next 6-8 months,” he added.

Besides, EESL is also considering to come out with solar grid-based induction cook stove soon, followed by geysers. “This induction cook stove project was launched by the Prime Minister in Andaman & Nicobar Islands recently. We are waiting for an in-principle nod from the Ministry to start the project. It will be followed by floating tenders for 10 lakh units,” he said.

Mr. Garnaik also said on the anvil was entering into segments such as car coolers, water coolers and centralised ACs among others.

Regarding EV (electric vehicle) charging stations, he said initially, 70 such stations were set up in Delhi and the NCR region. This would go up to 1,000 stations, covering major cities.

Asserting that EESL’s plans to distribute 10,000 electric cars for government use was proceeding slowly due to lack of proper charging infrastructure, he said 1,500 electric cars had been deployed so far.

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Printable version | May 10, 2021 10:07:59 PM | https://www.thehindu.com/business/eesl-to-invest-180-crore-in-super-efficient-acs/article29271974.ece

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