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India’s first Convergence Project

India’s first Convergence Project

Context:

Energy Efficiency Services Limited (EESL) and the Department of New & Renewable Energy (DNRE), Goa, have signed a memorandum of understanding to roll out India’s first Convergence Project.

India’s first Convergence Project:

  • Goa is the first state to adopt Convergence.
  • The project will accrue savings of INR 2,574 crores to the State over a period of 25 years.
  • The project will provide clean daytime electricity to farmers as well as energy-efficient pump sets which would reduce the power consumption as well as T&D losses associated with transmitting power to agriculture and rural feeder networks. 
  • Through its convergence initiative, EESL seeks to connect seemingly independent sectors like Solar Energy, Energy Storage, and LED lights to provide solutions.
  • Under this program, EESL is offering convergent interventions, which solve multiple gap areas in the energy ecosystem.

Significance of the Convergence Project:

  • The project is aimed at improving the health of DISCOMs and providing cleaner power.
  • The projects will accelerate the usage of renewable energy sources, especially for agricultural and rural power consumption in the State.
  • The projects will also contribute to the reduction of peak energy demand through the deployment of energy-efficient pumping and lighting thus contributing to overall sustainability.

Source: PIB