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Bazaar invites investments in energy efficiency sector in AP

Bazaar-invites-investments-in-energy-efficiency-sector-in-AP

The state government is committed to bringing rapid changes in the energy efficiency sector and will encourage energy efficiency investments in the industrial sector of Andhra Pradesh. An Investment Bazaar for the Southern Region was organized by Andhra Pradesh State Energy Conservation Mission (APSECM), the Energy Department in association with the Bureau of Energy Efficiency (BEE) and Union Ministry of Power on Thursday.

Addressing the bazaar APSECM chief executive officer A Chandra Sekhara Reddy said the state along with generating and distributing cost-effective power to all sectors also set its’ sight on energy conservation for slashing the burden on the state exchequer thus saving public money and help improve the environment by curbing emissions.

Stating that there is a potential to invest in energy efficiency projects, he invited investors and several other stakeholders to visit Andhra Pradesh. In improving energy efficiency in key sectors, including industry, municipalities and agriculture among others, the State has energy-saving potential of 16,000 MU, out of the total demand of 64,000 MU, he said. As per an estimate, 45,000 MU of energy worth Rs.3,000 crore is saved through energy efficiency measures implemented in domestic, industrial, commercial, agricultural sectors.

The APSECM CEO said the government is considering energy efficiency as a tool to increase energy security as a cost-effective solution to meet energy demand and sustainability of the energy sector. The State is implementing Perform Achieve and Trade (PAT) scheme with the support of the Industries department by saving 2,386 MU under PAT Cycle-1 and around 2,904 MU (tentative) in PAT Cycle-2.

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