Business India ×
 Climate Change

Energy
Published on: Aug. 30, 2020, 3:05 p.m.
Various initiatives have led to cutting 9 billion Kwh of electricity
  • File picture of wind mills in Karnataka. Source: Pxfuel.com

By Sekhar Seshan. Consulting Editor, Business India

Energy efficiency and its integration with all sustainable development measures will be of crucial importance to industry, according to Suresh Prabhu, MP and India’s Sherpa to the G20. Combined with demand-side management and other sustainable growth measures, this is crucial to the country and its industry, he told the 19th Energy Efficiency Summit 2020.

“This is the only way forward for reducing the country’s GHG (greenhouse gas) emissions, coal consumption, electricity generation and wastage, and to improve the economy,” Prabhu told the delegates attending the virtual summit, which was held along with the 21st CII National Awards for Excellence in Energy Management 2020.
 
According to Abhay Bakre, director general of the Bureau of Energy Efficiency (BEE), energy efficiency is best perceived as “a movement, where all stakeholders contribute positively”. BEE secretary, R.K. Rai, made a special address to the virtual gathering, in which he underlined the importance of innovation in energy management. “We have the opportunity to learn from the past and adopt high levels of energy efficiency as we resume business and manufacturing,” he said. While more than ₹1 lakh crore worth of loans having been availed by MSMEs from the financial stimulus package announced by the government already, the Perform, Achieve and Trade (PAT) scheme is also nudging industries towards innovation in energy performance,” Rai added.

CII director general Chandrajit Banerjee informed the summit that GBC’s initiatives like Energy Efficiency Council, the Indian Green Building Council, GreenCo, GreenPro, renewable energy and other initiatives have led to annual recurring savings of 9 billion Kwh of electricity, 15.5 million tonnes of GHG emissions reduction, and monetary savings of Rs300 crore.
 
Industry representatives like Thermax managing director M.S. Unnikrishnan, ITC Paperboard and Specialty Papers Division divisional chief executive Sanjay Singh and Dalmia Cement Bharat group manufacturing head Sunil Mahajan, spoke of ESCOs (energy service companies) driving energy efficiency around the globe, the fact that the Covid-19 disruption has increased pressure on cost optimisation - leading to a realisation of the importance of efficiency in both generation and consumption of power and stressed that going carbon neutral is the future.

The awards - which focussed on global best standards and benchmarks in specific energy consumption (SEC) and energy-saving projects implemented in the past three years - recognised the energy management and efficiency efforts of 154 companies from 15 sectors, including automobile and engineering, building, cement, metal, power plant and paper. Sixty-seven companies were given the “Excellent Energy Efficient Unit” award, 22 won the “National Energy Leader” award to recognise their consistent and exemplary performances in energy conservation and five professionals were selected for the Young and Emerging Leaders category. Seven awards went to plant teams which had implemented innovative projects.


E-vehicles

The company sells electric two-wheelers worth Rs1,100 crore in two days

Ola creates history

Published on Sept. 22, 2021, 3:38 p.m.

The company sells electric two-wheelers worth Rs1,100 crore in two days

Sustainability

Mastercard launches Sustainability Innovation Lab

Mastercard’s masterstroke for sustainability

Published on Sept. 22, 2021, 3:20 p.m.

Mastercard launches Sustainability Innovation Lab

Government and Policy

US senator introduces Bill to boost bilateral cooperation

Kerry launches Indo-US Clean Energy Partnership

Published on Sept. 14, 2021, 8:31 p.m.

US senator introduces Bill to boost bilateral cooperation

Renewable Energy

TN Energy Minister V Senthilbalaji says the state will have Solar Parks in every district

Let a thousand Solar Parks bloom!

Published on Sept. 14, 2021, 11:08 a.m.

TN Energy Minister V Senthilbalaji says the state will have Solar Parks in every district

E-MAGAZINE

Healthcare

Goodyear India partners Americares India Foundation

Published on Feb. 2, 2021, 9:21 p.m.

The partnership will support COVID-19 healthcare facilities in Faridabad and Aurangabad

Environment

Tata Motors launches a 'Go Green' initiative

Published on Dec. 23, 2020, 10:34 a.m.

The company will plant a sapling for the sale of every new commercial vehicle

Women Empowerment

Tata Starbucks ties up with Educate Girls to empower women

Published on Dec. 2, 2020, 3:10 p.m.

The partnership aims to provide volunteering and educational support to those who have relocated to urban cities from villages

Environment

The public sector company is planting a tree for every retail customer visit during its TreeCheers campaign period