Home / News

Business

  • 0

EESL joins hands with GEF, Ministry of MSME & UNIDO to implement a project on Promoting Market Transformation for Energy Efficiency in MSME sector

EESL joins hands with GEF, Ministry of MSME & UNIDO to implement a project on Promoting Market Transformation for Energy Efficiency in MSME sector

New Delhi : Energy Efficiency Services Limited (EESL), a JV under Ministry of Power has joined hands with Ministry of MSME, Government of India, United Nations Industrial Development Organization (UNIDO) and Global Environmental Facility (GEF) to implement a national project in India titled “Promoting Market Transformation for Energy Efficiency in Micro, Small & Medium Enterprises (MSME)”.

 

The project aims to deploy 35 energy efficient technologies which have maximum possibility of replication and potential to improve the energy productivity of fellow MSMEs units. The project also aims to adopt various business models of ESCO (Energy Servicing Company) where the MSME unit is expected to pay-back to the investor from the monetized energy savings in a period of time.

 

In order to facilitate information dissemination on the project to the MSME industries, a technology exhibition cum workshop was held on Saturday, November 20th, 2021 at Hotel Niharika, Kolkata. The workshop included participants from a large number of MSME units representing the steel re-rolling and foundry sectors. The workshop was attended by Mr. Vinamra Mishra, Director MoMSME, Mr. Debajit Das, National Project Coordinator, UNIDO, Mr. Girja Shankar, GM (T) and Sanjeev Ranjan from EESL, Mr. Vivek Adukia, Chairman, Steel Re-rolling Mill Association & Vice-Chairman, Indian Foundry Association & Mr. Vijay Shankar Beriwal, Chairman, FCDA among others. EESL has signed MoUs with the industry associations for extending mutual support to meet the project targets. EESL has also signed MoA (Agreement) with 4 MSME units for implementation of technologies.

 

Mr. Girja Shankar, General Manager (Technical) EESL, said, “Under this project, EESL plans to upscale 35 technologies in 12 clusters, including Howrah. We are currently implementing the world’s largest portfolio for energy efficiency and industrial energy efficiency is one of our key focus areas”.

 

Mr. Vinamra Mishra, Director MoMSME said “Energy efficiency is unavoidable in today’s scenario for sustainability of industries”.

 

Mr. Debojit Das, UNIDO highlighted “The project aims at implementing innovative finance mechanism to push energy efficiency in the cluster.”

 

Mr. Vivek Adukia, Chairman, Steel Re-rolling Mill Association & Vice-Chairman, Indian Foundry Association emphasised on the importance of cost savings. “Energy is the key contributor to the production cost and steps must be taken to optimize energy cost to the extent possible” he added.

 

Under the project, twelve MSME clusters across India have been identified including Howrah mixed cluster, wherein the identified technologies will be demonstrated. EESL has till date identified 4 technologies applicable for the steel re-rolling and foundry industries located in the clusters. 3 out of the 4 technologies have been successfully demonstrated in the cluster while 1 technology is under implementation. As a phase II of the project, EESL intends to replicate these technologies to a larger number of industries in the region, thus helping the industries to become energy efficient and cost competitive. EESL has been entrusted as the technical partner and the project management consultant for the region. The project is expected to save around 1 million tCO2 annually with an investment potential of around 150 million USD.

Previous News

Technology News

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Gurugram, India – October 11, 2023: Samsung announced exciting offers

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

Bengaluru, October 10, 2023  IN-SPACe (Indian National Space Promotion and

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

New Delhi, October 3, India- Philips India announces an exciting co

Latest Business News

MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli Chinese

MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli Chinese

Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India

New D

STUDENTS OF JAIPUR'S JAYSHREE PERIWAL HIGH SCHOOL BRING LAURELS TO SCHOOL IN UPSC

STUDENTS OF JAIPUR'S JAYSHREE PERIWAL HIGH SCHOOL BRING LAURELS TO SCHOOL IN UPSC

Jaipur, 18 April: Students of Jaipur have recently shown their remarkable achievement in the UPSC Civil Services Examination-

India Employment Report pitches for policy to promote jobs

India Employment Report pitches for policy to promote jobs

·       Technopark-based Lifology holds conversation on IER 2024

Thiru