Industry could save up to 60% energy cost by using Solar Power: PHDCCI

No. PR- 079
August 12, 2021
New Delhi

Industry could save up to 60% energy cost by using Solar Power: PHDCCI

Solar power is one of the finest sources of energy to tap and meet the power demands of the nation in the future. Solar power will be affordable and easy to produce. We need to the maximise our consumption of solar and other environmentally friendly sources of power in Delhi, mentioned Mr. Azimul Haque, IAS, Special Secretary (Power), Government of NCT of Delhi in a webinar organized by PHD Chamber of Commerce and Industry (PHDCCI) on Reducing Cost of Energy through Rooftop & Open Access Solar for C & I Segment (For Factories, Offices, Hotels, Malls, Warehouses, Colleges, Schools).

Mr. Azimul Haque emphasized that Delhi has seen a peak load of power in recent times and there is a need to augment it to meet future needs. Delhi government is committed to solar power and other ecological and environment-friendly practices and we are in the process of using energy in full capacity.

Mr. Abhishek Ranjan, Vice President & Head Renewable, DSM & EE and Energy Analytics, BSES Rajdhani Power Ltd discussed the projects and initiatives undertaken by BSES Rajdhani Power Ltd in increasing the power footprint in the country. Talking about rooftop solar he mentioned that corporates and business houses should adopt them as it’s a means to achieve self-sufficiency in the power sector, continue towards the national climate change goals and optimize the network.

Mr. Pradeep Multani, Sr Vice President, PHDCCI deliberated upon the importance of solar energy that can generate power on a distributed basis and enables rapid capacity addition with short lead times. The solar energy sector in India has emerged as a significant player in the grid-connected power generation capacity over the years. It supports the government agenda of sustainable growth, while, emerging as an integral part of the solution to meet the nation’s energy needs and an essential player for energy security.

Solar Power is an essential component of our RE mix. Investing in solar power generation, whose costs continue to fall rapidly, can stimulate job creation and economic development while reducing emissions and fostering further innovation. For the Commercial & Industrial segment, solar power generation by rooftop solar or by open access solar offers the ultimate solution for the supply of cheap and clean power. The Solar Power segment in India is set to expand and supply electricity to an increasingly large number of people and establishments. From public transport to infrastructure for industry and societal development, renewable energy and the technological capability to store power for on-demand usage creates a new dynamic within the country to further explore green opportunities for the future, added Mr. Multani.

Mr. Sanjeev Gupta, Chairman, Power, RE & AE Committee, PHDCCI while sharing his industry perspective mentioned that commercial rooftop solar offers an excellent opportunity not only in terms of self-reliance but also in terms of financial terms on investment vis-à-vis market place. It allows the reduction in power bills, low carbon footprints, offering itself as a game-changer, improving property value, and a revenue generator. With the prices of solar panels are doing down, small and medium enterprises should come forward to avail this opportunity towards a green environment.

Mr. Salil Gupta, Co-Chairman, Power, RE & AE Committee, PHDCCI while proposing the vote of thanks to all the delegates and participants, mentioned that PHDCCI is committed to Indian’s goal towards Self-Reliance and promoting the usage of solar power in the country and that certain industries and commeccrcial establishments could save up to 60 % in energy cost by using solar power.

The webinar was moderated by Dr. Yogesh Srivastav, Assistant Secretary-General, PHDCCI, and was attended by many industry stalwarts’ across the nation. PHDCCI’s webinars are supported by DLF India; Multani Pharmaceuticals; UFLEX; JK Tyre & Industries; Marble City; Paramount Cables; SMC Investments and Advisors; Blossom Kochhar Aroma Magic; Comtech Interio; DCM Shriram Industries; Radico Khaitan; R.E. Rogers India; Ajit Industries; Synergy Environics; Continental Carriers PVT LTD; Timberworkz; Jindal Stainless; P S Bedi & Co; IFFCO and Hindware.


Media Division

PHD Chamber of Commerce and Industry