Energy Efficient Fan Scheme to Reduce Power Bills by Rs 700 per Year : Piyush Goyal

In order to make country more energy efficient, Mr. Piyush Goyal, Minister of State (IC) for Power, Coal and New & Renewable Energy along with Mr. N. Chandrababu Naidu, Chief Minister Andhra Pradesh  will launch  two schemes namely National Energy Efficient Agriculture Pumps Programme and National Energy Efficient Fan Programme in Vijayawada , Andhra Pradesh. These Schemes will be implemented by Energy Efficiency Services Limited ( EESL) , a JV of PSUs  under Ministry of Power .

National Energy Efficient Agriculture Pumps Programme will help farmers in replacing energy guzzlers age-old agricultural pumps across the country with the new-age energy efficient agricultural pumps, with a 5-Star Rating. These pumps will come enabled with smart control panel and a SIM card, giving farmers the flexibility to switch-on and switch-off these pumps from their mobile phones and from the comfort of their homes.

Through these new-age energy efficient SIM-enabled agricultural pumps, Union Power Ministry is looking at a 30% savings in energy by 2019. This will then boil down to an annual savings of approx Rs 20,000 crore on agricultural subsidies or a saving of 50 billion units of energy every year.

Along with the announcement of the new-age agricultural pumps, Mr. Piyush Goyal through its state owned entity–EESL will also launch National Energy Efficient Fan Programme for Indian households and businesses, wherein  Energy Efficient Ceiling Fans of  5-star rating 50 Watts (from leading companies such as Usha and Bajaj) will be provided at Rs 60 a month on EMI basis and Rs. 1250/- on upfront basis. 

With the usage of these energy efficient fans, consumers will also stand to save on their electricity bills by Rs 700 a year. This means, a consumer can recover the cost of this energy-efficient ceiling fan in less than 2 years. While these energy-efficient ceiling fans will cost Rs 1440/- to a consumer who uses the installment route, for those who can pay upfront can buy this fan for Rs 1250. A total of two ceiling fans can be bought on one electricity bill from domestic category consumers only.