The project in Nasik is one example of a future where the government will hire service companies to run energy-intensive public services efficiently, creating revenue for other priorities and profits for the service companies.
The technology from Sahastratronics Controls Pvt Ltd (SCPL) reduces the energy consumption of the 12,000 street lights of the NMC by using intelligent street lights that dim and brighten depending on time, location and other circumstances.
We have taken a guarantee that we will give you a saving of 25 per cent, but in Nasik, we brought 43 per cent (saving), said Ravi Sahasrabuddhe, CEO of SCPL. The contract posed no risk for NMC. Initial capital for the installation of 340 street light controllers was provided by a USAID (United States Agency for International Development) loan and other sources.
A division of the Rs 30-crore Sakar Group, SCPL is planning to sign contracts with municipal corporations in three new cities next year.