World Bank -CTF -GEF Supported Project

Transcription

1 World Bank -CTF -GEF Supported Project

2 179.3 Total Primary Energy Supply, 2013 (775 million toe) Geothermal, Solar 0.5% Biofuels & Waste 24.3% Hydro 1.6% 1.14% 2.07% 2.55% 2.62% Nuclear 1.2% Natural Gas 5.7% Oil 22.7% Coal 44.1% Transformation Losses (mtoe) Electricity Generation Losses Commercial & Public Service 3.9% Energy Consumption, 2013 Non Energy Use Agriculture 8.9% 4.5% Residential 34.6% Industry 33.9% Transport 14.2% Commercial Electricity Consumption BU ( ) Traction Public Works Domestic Industries Agriculture 26.59% 9.88% 34.89% 20.27% Public Lighting Domestic Commercial Industry Agriculture Public Lighting Traction Public Works Misc Others

3 Gt CO Nuclear 8% Power generation efficiency and fuel switching 1% Renewables 30% End-use fuel switching 10% CCS 13% End-use fuel and electricity efficiency 38% Source: IEA, ETP Energy efficiency is the most important driver to decarbonize

4 Energy Intensity (kgoe/rs) Energy Intensity India - Efficent Scenario India - BAU Scenario Total Avoided Capacity 28,600 MW Annual Fuel savings - 44 million toe

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6 very few are active no additional advantage / concession / rebate for ESCOs upon registration / empanelment NBFCs Not a PSL not a core / thrust business area of most of banks / Limited capacity of ESCOs risky proposition demonstration first

7 contingent guarantee as a financing instrument first of its kind wherein CTF used USD 25Mn USD 6Mn USD 12Mn

8 PRSF Technical Assistance Risk Sharing Facility EESL SIDBI Access to Risk Sharing Monitoring & Evaluation Independent M&V Agency Measurement & Verification Lenders Participating Financial Institution (PFIs) and SIDBI (as a lender) Participants in EE Lending Energy Service Companies (ESCOs) Host Entity (Municipalities, Large industries, MSMEs, and Commercial Buildings)

9 Eligible Host / Sector Large Industries (excluding TPP) MSMEs Municipalities Building Eligible EE Loans To ESCO / Host falling in MSE category Min. 75% towards EE Investments Eligible ESCOs BEE Empaneled Non-BEE empaneled subject to grading by external rating agency Extent of Coverage 75% of loan Min. Loan INR 10 lakh Max. Loan INR 15 crore Max. Exposure to single ESCO INR 45 crore (INR 40 crore for Grade 5 ESCO) Guarantee Tenure 5 Years or loan tenure, whichever is lower Guarantee Fee Slab-wise and based on grading of ESCO (Max. 1% of the loan amount)

10 under progress under progress 4E Solutions

11 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 EESL: Development of a Super ESCO Model Energy Efficiency Services Limited (EESL) fills in the Gap in the Indian EE Market: A multinational company world leader in clean energy and innovation, promoted by Ministry of Power, Government of India Turnover of $ 1.5b by 2020 from $ 200 m last year Investments in appliances, buildings, pumping and RESCO of $ 5 b Thrust on significantly enhancing international operations Improving and innovating the sustainable EESL business models to cover more sectors like SMEs, Industry Price reduction of LED bulbs EESL s role as a Super ESCO : Aggregation of Demand cost reduction affordability QC and Benchmarking Awareness Creation Robust Distribution and Deemed Savings (on-bill, PAYG) Strong M&V

12 EESL Programs and Outcomes UJALA LED Bulb Program over 225 Mn LED bulbs distributed in 2 years private sector sold 300 Mn in the same time market transformation in 2 years LEDs most preferred lighting source - 29 Bn KWh of energy, 23 Mn tons of CO2 every year and avoided peak capacity addition of over 5800 MW Street Lights About 2 Mn street lights replaced benefitting over 250 ULBs total 4 Mn LED street lights out of 14 Mn in the country complete replacement by The energy savings of over 1 b KWh, GHG emission reduction of 1 m tons and avoided peak capacity of over 200 MW Fans/ LED Tubes Started 4 months ago 600,000 fans and 1.6 Mn LED tubes distributed - Energy savings of over 70 Mn KWh, GHG emission reduction of 55,000 tons and avoided peak capacity of 45 MW Ag DSM Agreement to replace 1.1 Mn agriculture pumps signed Municipal Water/ Sewage Pumps over 150 cities energy audit work started Buildings Agreements with large government facility owners signed more than 2000 buildings beings aggregated. Outcomes (of UJALA LED Bulb Program): Share of LEDs in Indian lighting market increased from less than 1% to 15% in 1 year Retail prices reduced by 1/3 rd in one year. Bulk prices reduced by over 80% in 2 years Average price last year ~$ 5-7 now between $ $ 4 Domestic manufacturing increased significantly New jobs created almost 25,000 in one year

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14 USD 2 Mn MWh/Yr tco2 p.a Guarantee issued to the projects covering diversified sectors / technologies viz. Waste Heat Recovery System, VFD, EE measures in hospitals, etc. (despite LED is the flavour of the season) USD 2.7 Mn

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16 Neeraj Verma, SIDBI, India ) Mohit Khatri, EESL, India (mkhatri@eesl.co.in ) Ashok Sarkar, World Bank (asarkar@worldbank.org )