Tuesday, February 8, 2011

Perform, achieve and trade the way to save industrial energy

KOLKATA, 4 FEB: The Union ministry of power would be launching a scheme ~ Perform, Achieve and Trade (PAT) ~ to enhance cost effectiveness in improving industrial energy efficiency under the National Mission on Enhanced Energy Efficiency (NMEEE) from April this year.


The scheme is likely to save 9.78 metric ton oil equivalent (mte), which amounts to an avoided capacity of 5,623 MW of power over a period of three years.



The scheme was announced today during an interactive session for the eastern region organised by the Confederation of Indian Industries (CII) here. 



Through the market-based mechanism, the Centre would notify energy intensive industries as designated consumers and such industries would be provided incentives to achieve better energy efficiency, beyond the specific energy consumption (SEC) stipulated for each designated consumer.



The first cycle of PAT which is going to be started from April 2011 aims to cover eight industrial sectors ~ thermal power plants, fertilisers, cement, pulp and paper, textiles, chlor-alkali, iron and steel and aluminum ~ that would be given a target of three years to achieve better energy efficiency.



“The national target has been set at 10 mote at the end of the first PAT cycle. The 563 notified industries consume 231 mote energy that is 60 per cent of the total energy consumption of the country,” said Mr Kapil Mohan, deputy director general, Bureau of Energy Efficiency (BEE). The thermal power plants consume the maximum with 160.3 mote followed by integrated steel that consume energy to the tune of 26.98 mote.



It sets in place a monitoring and verification mechanism for the SECs and processes for issuing and trading in Energy Saving Certificates and its trading across sectors and their synergy with renewable energy certificates. The energy saving certificates would be issued to designated consumers that achieve the target reduction from the baseline SEC during the stipulated period. The number of certificates would depend on the quantum of energy saved during each target year. The value of the certificates would be based on the crude oil price or will be decided by the trading mechanism.

Source: Perform, achieve and trade the way to save industrial energy

No comments:

Post a Comment

Subscribe to Extraminds feeds

NDTV News - Top Stories

There was an error in this gadget

Latest Happenings all around the world Headline Animator