Central Board of Direct Taxes, Ministry of Finance, Government of India, the Income Tax Office (Aaykar Bhawan), Guwahati has signed an Agreement on Tuesday with Energy Efficiency Services Limited (EESL) to retrofit existing inefficient lighting, fans and air conditioners with energy efficient appliances.
This MoU was signed under the Buildings Energy Efficiency Programme (BEEP) that is being implemented by EESL, under the administration of Ministry of Power, Government of India.
Media report suggests EESL will invest Rs 1.21 crore in the project, and Aaykar Bhawan shall save over Rs 35 lakh annually on electricity bills through these interventions. It will also lead to energy savings of 3.9 lakh kW annually through the retrofitting drive. The payback period for the project is 3.5 years, i.e., Aaykar Bhawan shall repay the amount of Rs 1.21 crore to EESL out of the savings accrued, within this period. This agreement is expected to be followed by similar collaboration for over 330 odd office buildings of the Income Tax Department across the country.
It can be recalled that earlier this year in August, the Department of Expenditure under Union Ministry of Finance issued a directive to take up services of EESL to assist various ministries and departments to retrofit energy efficient appliances in all their premises across the country. These retrofitting drives shall take place under the Buildings Energy Efficiency Programme.
Under the programme, EESL intends to bring in an investment of around Rs 1,000 crore covering more than 10,000 large government/private buildings by 2020.
