Andhra Pradesh Chief Minister N Chandrababu Naidu launched the programme and distributed energy efficient fans and agricultural pump sets to a few customers.
The five-star rated agricultural pump sets are fitted with a smart control panel, SIM card and a smart meter and can be operated remotely.
Using these pumps will result in an energy saving of 30 per cent and save a whopping Rs 20,000 crore (nation-wide) in the form of subsidies to the government in the next three years, according to Energy Efficiency Services Limited (EESL) chairman Rajiv Sharma.
He agreed to the chief minister's suggestion to replace all the existing 1.5 million agricultural pump sets in the state with the energy efficient smart pumps.
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The energy efficient fans would help save 30 watts of power per fan. Two such fans would be provided to each consumer at an EMI of Rs 60 per month.
The consumer might also purchase the fan by paying Rs 1,250 per fan upfront.
The EESL chief, who is also CMD of Rural Electrification Corporation, said a Rs 6,000 crore loan has been sanctioned to Andhra Pradesh for providing energy-efficient power systems in the new Capital Amaravati.
"We have successfully implemented this programme in Visakhapatnam city, post the devastating cyclone Hudhud in 2014. We will now expand it to all urban and rural local bodies in the state," he added.
While EESL has already come forward to partner with AP in
this regard, the chief minister invited TERI and also foreign countries to come to Amaravati and "experiment" with their energy efficient systems.
World Bank Energy representative Ashok Sarkar, TERI director general Ajay Mathur, Chinese National Energy Conservation Centre Deputy Director General Zhiquiang Xu and others participated in the event.