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National Mission for Enhanced Energy Efficiency

11th August, 2021 ENVIRONMENT AND ECOLOGY

Context:

  • Union Minister for Power informed Rajya Sabha about the National Mission for Enhanced Energy Efficiency (NMEEE).

 

About National Mission for Enhanced Energy Efficiency (NMEEE)

  • It consists of four initiatives to enhance energy efficiency in energy intensive industries which are as follows:
  1. Perform, Achieve and Trade (PAT) scheme aims at reducing Specific Energy Consumption (SEC) i.e. energy use per unit of production for Designated Consumers (DCs) in energy intensive sectors, with an associated market mechanism to enhance the cost effectiveness through certification of excess energy saving which can be traded.
  2. Market Transformation for Energy Efficiency (MTEE) aims for accelerating the shift to energy efficient appliances in designated sectors through incentives and innovative business models. Under MTEE the following programmes were introduced for the promotion of energy efficient products in the market:-
    1. Bachat Lamp Yojna (BLY): The programme was developed for replacement of inefficient bulbs with Compact Fluorescent Lamps (CFLs). The details of number of bulbs replaced with CFL and energy saved are as follows:
    2. Super-Efficient Equipment Program (SEEP): This programme was designed for market transformation of super-efficient appliances by providing financial stimulus innovatively at critical point/s of interventions.
  3. Energy Efficiency Financing Platform (EEFP) was launched to provide a platform to interact with Financial Institutions (FIs) and project developers for implementation of energy efficiency projects.

Under this programme, Memorandum of Understandings (MoUs) have been signed by BEE to promote financing for energy efficiency projects.

For capacity building of FIs, BEE signed MoU with Indian Banks’ Association for the Training Programme on Energy Efficiency Financing.

  1. Framework for Energy Efficient Economic Development (FEEED) was designed for development of fiscal instruments to promote energy efficiency.

The objective was to provide the comfort to concerned stakeholders through implementation of Energy Efficiency schemes such as Partial Risk Sharing Facility (PRSF) to provide partial credit guarantees to cover a share of the default risk that participating financial institutions face in extending loans to eligible Energy Efficiency sub-projects.

https://www.pib.gov.in/PressReleasePage.aspx?PRID=1744431