Energy Efficiency Current Affairs

Power Ministry launches Chiller Star Labelling Program on energy efficiency in chillers

Union Ministry of Power has launched Chiller Star Labelling Program to encourage deployment of energy efficient chiller systems in the country. It was launched as part of occasion of 24th World Ozone Day and 31st Anniversary of Montreal Protocol, which will be observed on 16th September 2018.

Chiller Star Labelling Program

The program was formulated by Bureau of Energy Efficiency (BEE). It envisages providing star rating in terms of its energy performance. Initially, the program has been launched on voluntary basis and will be valid upto 31st December 2020. BEE has developed online registration platform for easy and expeditious approval under this program. It will allow manufacturers to register online for availing appropriate star rating of chiller equipment. Based on test certificate from designated agencies and after due verification from BEE, star label on the scale of 1 (less efficient) to 5 (most efficient).

Significance of star labelling of chillers

It will help promote advancement technology for central HVAC (Heating, ventilation, and air conditioning) systems and will also facilitate energy efficient solutions for large commercial and industrial applications. It will also help to save more than 500 million units of electricity in 2019 along with Green House Gases reduction of 0.5 million-ton equivalent of CO2. It will also save more than 4 billion units of electricity by 2030 with CO2 emission reduction of 3.5 million ton.

Background

Chillers are used extensively for space conditioning of buildings and for industrial process cooling applications. The size of Indian chiller market which stood at 1 Million Tonne per year at 2017 and is projected to grow at CAGR of 3.6% fuelled by growth in the retail, hospitality and infrastructure projects. Chillers, being energy intensive system, contribute more than 40% of total energy consumption in commercial buildings. Therefore, it is important to optimize energy performance of chillers and create awareness amongst the end users to adopt transition towards energy efficient chillers.

Month: Categories: Environment Current Affairs 2018

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Government inks $300 million agreement with World Bank to scale-up Energy Efficiency Program

Union Government (Finance Ministry) has inked $220 million Loan Agreement with World Bank to scale-up Inida’s Energy Efficiency Program. It also signed $80 million guarantee agreement with World Bank.

The loan will be provided to EESL by World Bank through its lending arm International Bank for Reconstruction and Development (IBRD). It has maturity of 19 years and 5-year grace period. The $80 million IBRD guarantee will partially cover re-payment risks to commercial lenders or investors to enable EESL to raise funds for its program.

Energy Efficiency Program (EEP)

It will be implemented by Energy Efficiency Services Limited (EESL). It will help to scale-up deployment of energy saving measures in residential and public sectors, strengthen EESL’s institutional capacity and enhance its access to commercial financing.  Under it, EESL will deploy 219 million LED bulbs and tube lights, 5.8 million ceiling fans, and 7.2 million street lights, which will be supplied by private sector manufacturers and suppliers.

Key Components of Program

  • Create sustainable markets for LED lights and energy efficient ceiling fans.
  • Facilitate well-structured and scalable investments in public street lighting.
  • Develop sustainable business models for emerging market segments such as super-efficient air conditioning and agricultural water pumping systems.
  • Strengthen institutional capacity of EESL.
  • Increase private sector participation in energy efficiency, including through private sector energy service companies.

Significance

The World Bank investments under this program are expected to avoid lifetime greenhouse gas emissions of 170 million tons of CO2. It will also contribute to avoiding an estimated 10 GW of additional generation capacity. This will help to achieve 50% of National Mission for Enhanced Energy Efficiency target of 19.6 GW indicated in India’s Nationally Determined Contributions (NDCs) under 2015 Paris Agreement (India has committed to reduce carbon emissions by 33-35% by 2030 under NDC). Thus, help India to move further towards a more resource-efficient growth path. It will help tackle financing, awareness, technical and capacity barriers faced by new energy efficiency programs and also support Unnat Jyoti by Affordable LEDs for All (UJALA) program of Central Government.

Month: Categories: India Current Affairs 2018

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