Odisha to get Rs 441.66 cr investment for demand side management of electricity

Demand side management comes with an array of benefits and we want them to reach consumers as well as DISCOMs, said UN Behera, Chairman, OERC.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.The DSM programme aims to accelerate adoption of energy efficient technologies to reduce energy consumption as well as GHG emissions.


PTI | New Delhi | Updated: 15-11-2021 12:53 IST | Created: 15-11-2021 12:37 IST
Odisha to get Rs 441.66 cr investment for demand side management of electricity
Representative image Image Credit: ANI
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Odisha will get a total investment of Rs 441.66 crore for the demand side management (DSM) program launched by ISC and EESL in partnership with four DISCOMs in the state.

Energy Efficiency Services Limited (EESL), a JV under the Ministry of Power along with the Institute for Sustainable Communities (ISC), with support from P4G launched utility-based demand-side management (DSM) Programme for the DISCOMs in Odisha, a statement said.

According to the statement, a total investment of Rs 441.66 crore has been planned in the state in a phased manner.

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 3-5 years.

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.

''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 sustainable growth. This has made the utility-based DSM Programme in Odisha a vital enabler for improving the financial viability of DISCOMs.

''Consumers too will benefit from the program through lowered energy consumption and reduced energy costs,'' said Nikunja Bihari Dhal, Principal Secretary, Department of Energy, Odisha.

Through DSM, Odisha will be able to address the rising power supply costs, energy subsidies, climate change, environmental degradation, and energy security concerns.

The program 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 DSM program will prove to be a highly effective mechanism to ensure energy efficiency. Demand-side management comes with an array of benefits and we want them to reach consumers as well as DISCOMs,'' said UN Behera, Chairman, OERC.

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.

The DSM program aims to accelerate the adoption of energy-efficient technologies to reduce energy consumption as well as GHG emissions. This program is further being planned in Jharkhand and Telangana.

The program aims to replace around 4.5 lakhs old fans with super-efficient fans with an investment of Rs 86.55 crore. A further replacement of around 45,000 old ACs with super energy-efficient ACs with an investment of Rs 223.83 crore and replacement of around 14,370 old motors with IE3 Motors with an investment of Rs 131.28 crore will also be undertaken.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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