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IFC provides technical assistance to energy efficiency project in Bhubaneswar

According to reports, in order to cut down on electricity-related expenses, the Bhubaneswar Municipal Corporation (BMC) has roped in the International Finance Corporation (IFC), a sister concern of the World Bank, for technical assistance on how to reduce energy consumption by street lights.

The move was finalized at a recent meeting attended by all the top officials of the civic body on Tuesday. The meeting was chaired by the principal secretary of the housing and urban development (H&UD) department.

“IFC had approached BMC in August last year and gave a presentation as to how to save energy in the consumption of electricity due to street lights. After it got concurrence of the finance department recently, it was placed before the corporation, which agreed to the proposal,” said Sanjib Kumar Mishra, BMC commissioner. He said that nearly Rs 14 crore would be spent for the project in the first year.

Neeraj Gupta, a senior officer at IFC, said, “The burden of electricity bill on the BMC will be reduced as around 15,000 energy efficient lamps would be installed at identified points. We will advice BMC on effective ways of saving energy and saving money spent for electricity usage.” He added that the BMC, which has now been paying Rs 5 crore towards electricity consumption, may cut down its electricity-related expenses by Rs 2 crore once the new lights are installed.

There will be a ten-year contract with a company, which will take up the street lighting job. “The work will be given on tender. An empowered committee of the state government will take decision on floating the tender. The IFC will be performing the tender process,” Gupta said.

He said that apart from giving technical advice, the IFC would look after bid document preparation, pre-bid clarification, final bid evaluation, contract preparation and devising a financial model. The IFC has identified 19,700 street lights for improvisation, which includes energy saving, checking the illumination of the lights and improvising meter reading.

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