Sudnya Industrial Services Pvt. Ltd., Pune E-mail: contact@sudnya.com
An ESCO is a company that provides integrated energy services to its customers (mainly large energy users, but also utilities), which may include implementing energy-efficiency improvement projects, on a turnkey basis. An ESCO provides performance and savings guarantees, and its remuneration is directly tied to the energy savings achieved.
An ESCO ensures that savings are achieved through its projects because they are focussed on and motivated to ensure large savings that can be sustained. Since energy efficiency improvement is their primary business, projects are more likely to be implemented than through in-house teams where such activity is a secondary or even a tertiary responsibility.
There are some barriers to the growth of ESCOs in India, but these can be overcome. ESCOs can help Indian industry become cost competitive in the global marketplace.
