Under this MoU, the EESL will execute and implement the EEPS programme across India and will collaborate with the PCRA to promote the programme and distribute energy efficient PNG (piped natural gas) based cook stoves to prospective consumers.
The EEPS programme, in its first phase, will witness the distribution of 10 lakh energy efficient PNG based cooking stoves in select cities of the country.
The programme will be available to all PNG consumers in the relevant areas.
The consumers can opt for two kinds of payment models for availing the programme - Upfront or EMIs.
The EESL will implement this programme by mobilising the requisite investment and will do procurement, distribution, annual maintenance, and warranty obligations.
Commenting on the partnership, Niranjan Kumar Singh,Executive Director, PCRA, said, "Natural gas is a clean source of energy. This programme will not only be a boon for the consumers through the proliferation of economical, convenient and safe PNG stoves, but will also lead to energy savings and emission reduction."
Rajat Sud, Managing Director, EESL, said, "The PNG stove developed in consultation of Indian Institute of Petroleum, Dehradun by the PCRA is more efficient and safe. The PNG stove has been designed specifically for the use of piped gas consumers. This will help in considerable fuel conservation and savings up to 25 per cent of gas consumption.
For this programme, using economies of scale, EESL expect a 15-20per cent reduction in price for the stoves as compared to the usual market price, which will greatly benefit the consumers.
The EESL will also develop an online web portal and mobile app to receive the orders from consumers, along with creating a real time dashboard to monitor the orders received and delivered.
The EESL under the administration of Ministry of Power, Government of India, is working towards mainstreaming energy efficiency and is implementing the world's largest energy efficiency portfolio in the country.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.