The Investment Bazaar for Energy Efficiency conducted in March in Vizag city has found a mention in an international webinar in which delegates from the USA, France, Denmark and UK participated.
The state government conducted the Investment Bazaar to accelerate and facilitate financing of energy efficiency projects and technologies in the industries sector.
According to energy department officials, Vizag turned out to be a perfect platform for matchmaking of energy efficiency projects by bringing financial institutions and industries together.
At the international webinar on ‘energy efficiency financing’ organised by the Organization For Economic Co-Operation and Development (OECD), France in co-ordination with BEE with delegates from Denmark, UK and USA, etc., BEE director general, Abhay Bhakre, said that energy efficiency financing was a highly effective initiative in promoting energy efficiency to achieve the goal of reducing the emission intensity of the country’s Gross Domestic Product by 33% to 35% by 2030 from the 2005 levels.
Director (EE Financing), BEE, Vineeta Kanwal, said India has been working proactively to achieve 40% cumulative electric power installed capacity from non-fossil, fuel-based energy resources by 2030.