Coal News We love to talk!

MAR 14 2017

Germany extends assistance to India's energy efficiency programme

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 14th MAR 2017

Germany will provide additional funding of 200 million euro to India's energy efficiency programme, taking its total commitment to the green initiative to 600 million euro.

"At German Embassy (in Delhi), the German Development Bank (KfW) signed -- on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ) -- a loan agreement with Energy Efficiency Services Ltd (EESL) over Euro 200 million (Rs 1,400 crore)," a statement by German Embassy said.

With the loan agreement signed in the presence of German Ambassador Martin Ney, the total German commitment for better energy efficiency in India stands at 600 million euro (Rs 4,200 crore).

State-run EESL uses the funds to invest in energy efficiency measures in various sectors like domestic households, public buildings, street lighting, water supply and other public facilities, agriculture and industry. It also provides related services to clients for successful implementation of projects.

The programme thus contributes to a more efficient use of energy and therefore reduce greenhouse gas emissions. It is a follow up to the earlier programme 'Energy Efficiency in Public Buildings and Infrastructure' which has implemented the domestic efficient LED lighting programme (DELP) resulting in an estimated 600,000 tons of CO2 emission reduction annually 

Besides, a financing agreement of euro 500,000 (Rs 3.5 crore) was signed with Indian Renewable Energy Development Agency (IREDA).

IREDA will use these funds to assure the quality of solar PV projects and to mitigate the challenges faced in solar rooftop PV projects by establishing an implementation structure. These grant funds will also be used to support IREDA in market concerning future trends in solar PV, it added.


Delhi TOTAL Renewable Energy Gas Energy Energy Efficiency India Solar

Related News

  • Lanco Infra commissions 371 MW phase-III of Kondapalli power project  Read more
  • Sesa Sterlite, Reliance Infrastructure, others bag IPPAI Power Awards for innovation  Read more
  • OVL taking a relook at Ivory Coast  Read more
  • Govt. keen on launching work on LNG terminals, says Naidu  Read more
  • Essar Energy to drill at Mumbai High field, Vietnam blocks to increase crude oil production  Read more
  • Kinetic announces a joint venture to enter the solar energy market  Read more
  • Sunny days for solar power developers  Read more
  • IDFC infrastructure fund set to buy First Solars India portfolio for $300 million  Read more
  • Coal India set to benefit from new fee and volume uptick  Read more
  • MNRE inviting comments on "Clarification on eligibility of CFA for Grid Tied (without net metering facility):  Read more