Industry must focus on Resource Conservation approach for Water and Power Intensive Units

No.PR-170 July 22, 2020 New Delhi Industry must focus on Resource Conservation approach for Water and Power Intensive Units PHD Chamber of Commerce & Industry in partnership with International Copper Association India organized the webinar on "Innovative Approach for Implementing Energy Efficient Solutions in Industries & facilities" on 21st July 2020 at 11.30 am onwards. Mr. S.P. Garnaik, Executive Director, EESL said Demand Side Management (DSM) is fast gaining momentum due to huge energy demand. Most state electricity regulators have announced DSM regulations for their respective states. Adoption of energy efficiency in India, and everywhere else in the world, has been relatively slow. It faces inherent challenges like lack of awareness and high first cost. He mentioned that PAT 1 cycle (2012-2015) has resulted in a saving of 5635 MW power and USD 5.8 billion. It has encouraged USD 3.8 billion worth of investments. Large part of savings came through thermal power plans followed by iron and steel. Mr. Gairnaik said along with the focus on energy efficiency, industry must also focus resource conservation approach, water intensive industries like Power Station, Steel Industries and Chemicals Industries etc are consuming huge volumes of water for production, and to meet their demand they are using heavy motors, which runs 24x7 and consume lot of energy. He mentioned that EESL has developed various flagship programs to facilitate the industry in their endeavor to achieve energy efficiency. Further, EESL provides multiple options for financing the project, and minimizing the financial risk to the customer. These solutions will not only spur demand in the industry but enable transformation with reduced market prices. Shri Dev Prakash Goyal, Co-Chair, MSME Committee, in his welcome said Energy is one item that is a significant portion of the operating costs and is often not well managed at a central level given its distributed consumption across multiple facilities of the company. To improve their bottomline in the current economy where they see flat or declining revenues, companies need to start taking a closer look at their operating costs to find efficiencies. Mr. Mayur Karmarkar, Managing Director, ICA India said The Covid-19 pandemic has forced the sector to take a hard look at costs. Savings in energy expenses can become a pillar of renewed competitiveness. It is time for a dedicated policy for energy efficiency in the MSME sector. He said various studies have shown that adoption of smart technologies can improve energy consumption. There is a saving potential of 15-20% in less than 2 years of Payback Period. As an association, ICA India is proactively assisting EESL in championing the cause of replacing the old motors with the advanced efficient motors. Mr. Rakesh Kumar Jain, Deputy General Manager, DCM Shriram Industries Limited said that it is important for manufacturers to understand energy use and identify the ways they can keep energy costs as low as possible. Over the last decades, the demand for goods has been increased and so has the demand for natural resources and energy. However, the sustainability movement demands the use of more "energy efficient" production methods. In order to achieve this, the manufacturing world has to evolve from "maximum gain from minimum capital" strategy to "maximum gain from minimum resources" Mr. Abhishek Dhupar, Program Consultant, ICA India said 90%-95% installed motors in India are IE1 or IE0, which are typically energy inefficient. EESL brought its first voluntary Motor Replacement Program to provide IE3 motors to the industries through innovative financing model. Under this scheme, industries can purchase IE3 motors at much lower price than the retail market price including an extended warranty of 3 years. Thus, towards a prosperous economy, it is essential to implement and replace the old inefficient electric motors with IE3 motors towards the sustainable development of the nation. Dr. Anant Shukla, AGM, EESL talked about integrating energy efficiency into India's cooling sector, he said Energy Efficiency Services Limited (EESL) has initiated a first of its kind, Super-Efficient Air Conditioning programme. Consumers can buy the Super-Efficient Air Conditioners distributed by EESL at prices that are comparable to the most energy-efficient ACs in the market. These Super-Efficient ACs will provide 1.5-TR cooling capacity at high ambient temperature while also reducing the cost of cooling by 50%. Dr. Ranjeet Mehta, Principal Director, moderated the session and delivered the vote of thanks. The event was attended by 110 delegates. Ends Media Division PHD Chamber of Commerce and Industry