IIM-A alumnus Akshat Khare and his
partner Dhaval Shah, a Nirma University graduate, through their
startup-Nessa Illumination Technologies, will run a pilot project on
Gandhi bridge by replacing 10,000 conventional street lights with LED
lights.
Ahmedabad Municipal Corporation (AMC) spends about Rs 12-15 crore
annually on external lights in the city. Our business model will help
them save up to one-thirds on electricity bills. Besides, the lights are
maintenance free, which will help them cut additional costs," said
Khare, director, Nessa.
The startup will run the pilot project this month. Instead of paying the entire cost upfront, AMC
has the option to pay from the savings on electricity bill. According
to the company, any organization that installs the LED lights and solar
solutions can see pay backs within a year of installation.
Nessa has also sold solar products to the 600 MW solar power park in Gujarat, promoted by chief minister Narendra Modi
as Asia's first and largest. Nessa has also replaced 150 watts sodium
streetlights with on IIMA campus with 60 watts LED streetlights.
No comments:
Post a Comment