The number of ESCOs in the country has steadily grown between 1990 and 2007 and has seen a steep increase post institutionalisation of the ESCO concept by BEE in 2009. As on 2015, there were approximately 200 ESCOs operating in the country with 129 empane
concept was introduced primarily to overcome this barrier.
An ESCO is a consultancy group that engages in a performance based contract with a client firm to implement measures which reduce energy consumption and costs in a technically and financially viable manner. So, the primary functions of an ESCO is to perform in-depth analysis of energy requirement of physical properties, design and implementation of energy efficient solutions, and maintenance of the systems to ensure energy savings. BEE carries