IN RECESSION TIMES, COMPANIES INVESTING MORE ON ENERGY CONSERVATION- DR.AJAY MATHUR

IN RECESSION TIMES, COMPANIES INVESTING MORE ON ENERGY CONSERVATION- DR.AJAY MATHUR

Chandigarh, March 26: Corporate India is spending more on energy conservation, to cut the cost of production and to meet the challenge of competitiveness in the post meltdown era of economic recession.
This was disclosed by Dr. Ajay Mathur, Director General, Bureau of Energy Efficiency (BEE), while delivering keynote address at a 'Conference of Designated Consumers, Energy Auditors and Energy Managers' organized here by Punjab Energy Development Agency (PEDA). Mr. Mathur said that energy conserved by each Industry was acting as a revenue multiplier and in times to come cost of energy saved could also exceed the cost of energy consumed. This can lead to a surprising phenomenon when energy cost instead of being reflected in expenditure side of balance sheet would be projected on income and revenue side.
Urging the public to use certified energy efficient electrical gadgets and equipments with five stars BEE ranking, Mr. Mathur said that world was heading towards unprecedented energy crises if we continue to consume energy at present rate. He said that keeping in view present energy requirement; India would require 2.5 times more power after 20 years. He said that as generation of more power would lead to more pollution and resultant problems of global warming, it was imperative for all of us to make concerted efforts to conserve energy for the future generations. Dr. Mathur said that there was a potential of saving 20000 MW of electricity that could help to reduce the peak load demand which was presently over 15%.He also mentioned about the various other schemes of the BEE namely Bachat Lamp Yojna, Energy Conservation Building Code and Agriculture and Municipal DSM.
Speaking on the occasion Mr.Viswajeet Khanna, Secretary, Science, Technology and Environment expressed concern over fast depleting fossil fuel resources in the world. He said that it was surprising that 60 % of fossil fuels generated by the earth during last 2 billion years have already been consumed by us in last 200 years. Projecting a grim scenario of the dark future, Mr. Khanna said that with present rate of consumption, we have petrol left for coming 43 years and coal reserves for 407 years. He said that with 20 billions tonnes of Carbon Dioxide being generated in the air, our future generation was heading towards difficult times.
Mr. T.P.S.Sidhu, Chief Executive, PEDA, gave over view about the PEDA’s activities in the energy conservation sector and welcomed the participants. He mentioned about the various demonstration projects initiated by PEDA in the municipal street lighting, PWD buildings, water pumping etc.
Other speakers presented paper on various policy and regulatory measures regarding energy conservation. The other speakers were Commodore Narindera Singh, former Advisor, Ministry of New and Renewable Energy, Govt.of India, Sh.Dalip Singh, President, SEEM, Delhi, Sh.Pradeep Dhingra, General Secretary, SEEM, Punjab Chappter and Sh. Balour Singh, Director, PEDA.

Issued By :-
INFORMATION & PUBLIC RELATIONS DEPARTMENT, PUNJAB