NMC to save Rs 450 crore power bill

Source: The Hitavada      Date: 29 Nov 2017 09:10:53


Special Correspondent,

State Govt permits civic body to raise Rs 59 crore loan

Maharashtra Government has approved the proposal of Nagpur Municipal Corporation (NMC) to raise a loan of Rs 59 crore from the nationalised bank to improve present infrastructure of streetlights in the city.
The civic body will save around Rs 451 crore from energy saving, labour and material components in next 9 years. The city will get freedom from the perennial problem of non-functional lights, pathetic infrastructure of the street lights and poor illumination.

Electricity Department of NMC has proposed to replace 1.30 lakh street lights from traditional Sodium vapour-based street lights to eco-friendly LeD lights. Till now, the NMC has replaced 12,000 lights and all these lights will be replaced within a year.

Standing Committee and general body of the NMC had given sanction to the proposal of Electricity Department to strengthen old street light infrastructure of the city. The department is also willing to replace old traditional lights with new energy saving street lights. The NMC will replace old and defunct lamp posts and cables.

Chief Minister Devendra Fadnavis had recently organised a meeting with top office bearers and top-officials of the local body to resolve all pending issues with the government. The local body has sought permission of the State Government to raise loan of Rs 59 crore from the nationalised bank. Sanjay Jaiswal, Executive Engineer of the Electricity Department had prepared the proposal.

The fund will be used for strengthening of the present infrastructure of the city. Earlier, the Electricity Department had decided to strengthen the infrastructure on deferred payment basis but this was very costly affair. Therefore, NMC has decided to raise loan to save around Rs 26 crore as compared to deferred payment proposal.

The civic body will save Rs 376 crore from replacing old traditional lights with LeD lights by energy saving. The contractors have already started replacement of these lights in the city. The civic body will also save the material and labour component of Rs 75 crore in LeD lights.
The NMC will pay Rs 270 crore from power saving to the contractors in all the zones.

It will have to pay Rs 82 crore against the loan of Rs 59 crore to the nationalised bank. It could save another Rs 200 crore after completion of agreement period of 9 years.
The civic body is installing modern feed back controller to get the feed back of non-burning street lights. This information will be received at control room situated in Electricity Department at Head Office and also in all the ten zones.