Government emphasises upon energy conservation needs in the country

- Advertisement -

solar energyTuesday, December 16, 2014: Power Minister Piyush Goyal says that the adoption of energy efficient ways would help in reducing the electricity consumption and also in accumulating savings of worth Rs 500,000 million. While highlighting up on the importance of energy consumption, he said that all the government buildings in the country would be equipped with energy saving LED (Light Emitting Diode) bulbs within next two years.

He said, “India produces about 10,00,000 million units of electricity and if a ten per cent saving (energy) is made that can save 100,000 million units.” While speaking at the National Energy Conservation Day function in capital, Goyal noted that this much of savings would be equivalent to as much as ‘Rs 500,000 million’ savings which can perhaps be used to light up the residences of almost 50 million people, who are not getting the required electricity.

Considering that the energy conservation would contribute majorly towards the economic progress of the country, Goyal stated that the set target of 100,000 million units of electricity savings should be realised by 2015 end. Goyal said, “If we do it (using LED) in two years, the prices would also come down as economies of scale would be there.” He even suggested that the Corporate Social Responsibility (CSR) funds of the companies and be used towards this initiative.

- Advertisement -

During the function, there was also a suggestion about setting a toll-free number in each state, where the people can register their complaints regarding the wastage of power due to not switching off the street lighting system during day time, to which Goyal responded that the officials would be asked to make this toll-free number operational by 31 January’ 2015 for all the states and union territories. The minister has also launched the ‘energysavers.co.in’ portal, which has been set up to spread awareness about energy efficiency in the states.

- Advertisement -

Most Popular Articles

Exclusive

Growth Opportunities Connected With The Growing Semicon EcoSystem In India

0
India must concentrate on electronics products and semiconductor components, as progress in one area reinforces the other. The country can unlock immense economic opportunities...

“Don’t Let Designations Become A Wild Goose Chase”

0
In his childhood, he possessed just one sweater, meant to last through many winters. He could not join IIT Roorkee because the cost of...

“Capitalise On ‘China Plus Two,’ Where Products With Higher Value Addition Become The Focus”

0
EPIC Foundation aims to transform India into an electronics hardware product nation by collaborating with governments, universities, design houses, and startups. In a conversation...

Buzz

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Chargeup’s Goal: 25,000 Drivers In 17 Cities By 2025, Prioritizing Smaller Cities

0
Chargeup, the forefront battery financing and comprehensive EV asset management platform in India, is on a mission to integrate 100,000 drivers within the upcoming...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Important Sectors

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Ford Investes In Expanding EV Software Capabilities At Chennai Hub

0
Ford Business Solutions India, presently with a staff of 12,000, is poised to expand by an additional 3,000 employees. Ford, recognized for its efforts...
solar panels

Tata Power Solar And Indian Bank Forge Partnership To Propel Residential Solar Adoption

0
This collaboration aims to facilitate easy access to financing for homeowners, setting the stage for a greener future. Tata Power Solar Systems Limited (TPSSL) has...

Log 9 Enters EV Asset Management Via Amphion

0
Commercial electric vehicle asset management and finance is becoming one of India's biggest emerging business opportunities. Here's Log 9 joining the segment! Log 9 has...

Manufacturing

Honda plans major EV factory construction in Canada,

0
Honda's dedication to this facility reflects its wider ecological objectives, which include a target to only offer zero-emission vehicles by 2040 and to attain...
Sona Comstar

Sona Comstar Launches Mexico Plant For North American EV Demand

0
The new facility, established to address the increasing demand for premium driveline solutions for BEVs in North America, will focus on manufacturing differential assemblies...

Sterling Tools Inks MoU With Yongin For EV Components Facility

0
Sterling Tools announced that this strategic partnership is anticipated to bring in Rs 250 crore in business over the next five years. This collaboration...

Tata Elxsi-Renesas MCU Boosts EV Cost Efficiency And Market Speed

0
The Motor Control Unit's modular, scalable design facilitates integration across various EV applications, reducing time to market by 40%, lowering design and development costs...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...