The potential for saving energy in industry is much bigger than the estimated Rs 15,000 crore a year, according to Naushad Forbes, Chairman, Energy Efficiency Council, CII.
Speaking at the 11th Energy Efficiency Summit here on Friday, Naushad Forbes, Managing Director of Forbes Marshall, said the saving could be as high as Rs 12,000 crore in the process industry alone.
In addition, the power sector in the country could gain by improving performance. Of the six major industrial sectors such as steel, cement and power, among others, there is documented data to show how improvements have been brought about.
In the tyre manufacturing industries and breweries, he said in the last eight years, there has been significant improvement in internal energy efficiency. The hospitality sector too has reduced the overall cost of steam generation.
The former Director-General of Bureau of Energy Efficiency, Ajay Mathur, said the country is facing several physical limitations in procuring fuel and prices are going up. The Government has identified 478 most energy-intensive industries accounting for a major chunk of power consumption in the country.
The Perform, Achieve and Trade scheme is a major incentive for industries to look at saving about 5 per cent in energy consumption.
Referring to the cost of LED lights coming down from Rs 1,200 in July 2010 to Rs 400 now and the recent proposals for bulk supplies at Rs 350 a unit, Mathur said the Government needs to actively consider using them in public places.
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