world bank -ctf -gef supported project · sidbi independent m&v agency lenders –participating...
TRANSCRIPT
World Bank -CTF -GEF Supported Project
Coal
44.1%
Oil
22.7%
Natural Gas
5.7%
Nuclear
1.2%
Hydro
1.6%
Geothermal,
Solar
0.5% Biofuels &
Waste
24.3%
Total Primary Energy Supply, 2013
(775 million toe)
Industry
33.9%
Transport
14.2%
Residential
34.6%
Commercial &
Public Service
3.9%
Agriculture
4.5%
Non Energy
Use
8.9%
Energy Consumption, 2013
179.3
18.9
4.9
0
50
100
150
200
Transformation
Losses (mtoe)
Domestic
Commercial
Industries
Public Lighting
Traction
Agriculture
Public Works
Others
Ele
ctri
city
Ge
ner
atio
nL
oss
es
26.59% 9.88% 34.89% 20.27%
1.14
%2
.07%
2.5
5%
2.6
2%
Electricity Consumption - 750 BU (2013-14)
Domestic Commercial Industry Agriculture Public Lighting Traction Public Works Misc
0
10
20
30
40
50
60
2011 2020 2030 2040 2050
Nuclear 8%
Renewables 30%
End-use fuel switching 10%
CCS 13%
End-use fuel and electricity
efficiency 38%
Gt CO2
fuel switching 1%
Power generation efficiency and
Energy efficiency is the most important driver to decarbonize
Source: IEA, ETP 2014-15
0.0100
0.0110
0.0120
0.0130
0.0140
0.0150
0.0160
0.0170
0.0180
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
En
erg
y I
nte
nsit
y (
kg
oe/
Rs)
Energy Intensity
India - Efficent Scenario India - BAU Scenario
Total Avoided Capacity – 28,600 MW Annual Fuel savings - 44 million toe
very few are active
no additional advantage / concession / rebate for ESCOs upon registration / empanelment
Not a PSL
not a core / thrust business area of most of banks / NBFCs
risky proposition
demonstration first
Limited capacity of ESCOs
first of its kind wherein CTF used contingent guarantee as a financing instrument
USD 25Mn USD 12Mn
USD 6Mn
PRSF
Risk Sharing Facility
SIDBI
Independent M&V Agency
Lenders – Participating Financial Institution (PFIs) and SIDBI (as a lender)
Access to Risk Sharing
Monitoring & Evaluation
Measurement & Verification
Host Entity (Municipalities, Large industries, MSMEs, and Commercial Buildings)
Technical Assistance
EESL
Energy Service Companies (ESCOs)
Participants in EE Lending
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)
EESL: Development of a “Super ESCO” Model
http://www.ujala.gov.in; http://www.eeslindia.org/slnp/
• 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 ofIndia
• 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
• 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
310
203
149104
82 72 64 56 380
100
200
300
400
Jan
-13
Ap
r-13
Jul-
13
Oct
-13
Jan
-14
Ap
r-14
Jul-
14
Oct
-14
Jan
-15
Ap
r-15
Jul-
15
Oct
-15
Jan
-16
Ap
r-16
Jul-
16
Price reduction of LED bulbs
EESL Programs and Outcomes
• UJALA – LED Bulb Program – over 225 Mn LED bulbs distributed in 2 years – private sector sold 300 Mn in thesame 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 2019- 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 1/3rd in one year. Bulk prices reduced by over 80% in 2 years • Average price last year ~$ 5-7 – now between $ 1.5 - $ 4• Domestic manufacturing increased significantly• New jobs created – almost 25,000 in one year
USD 2 Mn
20000 MWh/Yr 20000 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
Neeraj Verma, SIDBI, India ([email protected]; [email protected] )
Mohit Khatri, EESL, India ([email protected] )
Ashok Sarkar, World Bank ([email protected] )