India: Rajasthan Public Street Lighting

Jaipur Municipal Corporation (JMC) operates and maintains over 100,000 public street lights within the city. However, the public lights system was facing problems owing to old, energy-intensive technology and a lack of capacity to operate such a large network. Under the umbrella of a Knowledge Partnership between the Government of Rajasthan and IFC, JMC engaged IFC as the transaction advisor to structure a PPP for financing, upgrading, operating and maintaining the public lights system in Jaipur. As a result, a consortium led by a large Indian energy services company and manufacturer of LED lightswon the bid for a 10-year energy performance contract. The agreement was signed in December 2014.