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Energy efficiency initiatives by BEE led to savings worth Rs. 89,122 Cr. in 2018-19: Report by PwC

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Union Minister of State (IC), Power and New & Renewable Energy & Minister of State, Skill Development and Entrepreneurship Raj Kumar Singh unveiled e-book titled “ A Report on Impact of Energy Efficiency Measures” for the year  2018-19 which has stated that energy efficiency initiatives by BEE (Bureau of Energy Efficiency) led to savings worth Rs 89,122 crore in 2018-19against last year’s (2017-18) savings of Rs 53,627 crore.BEE leads to savings worth Rs

  • India reduced energy intensity in 2018-19 by 20% as compared to the 2005 level.
  • India has set a target to reduce the energy intensity by 33-35%by 2030 compared to 2005 level.
  • The energy efficiency efforts have also contributed in reducing 151.74 Million Tonnes of CO2 (MTCO2) emissions (in 2018-19), whereas last year (2017-18) this number was 108 MTCO2.

Who prepared the report?

Since 2017-18, every year BEE appoints a third party expert agency to evaluate the performance and impact of all the key energy efficiency programmes in India, in terms of total energy saved and the related reduction in the CO2 emissions. For 2018-19, the report was prepared by an expert agency PricewaterhouseCoopers Private Limited (PWC Ltd), which was engaged by Bureau of Energy Efficiency (BEE) for independent verification to assess the resultant annual savings in energy as well as CO2 (Carbon Dioxide) emissions through various initiatives in India.

Key Points:

-The implementation of various energy efficiency schemes has led to total electricity savings to the tune of 113.16 Billion Units in 2018-19, which is 9.39% of the net electricity consumption.

-Energy savings (electrical + thermal), achieved in the energy-consuming sectors are to the tune of 16.54 Mtoe (Million Tonne of Oil Equivalent), which is 2.84% of the net total energy consumption (approx.581.60 Mtoe) in 2018-19.

-The total energy savings achieved in 2018-19 is 23.73 Mtoewhich is 2.69% of the total primary energy supply (estimated to be 879.23 Mtoe in India) during 2018-19.

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About BEE
Establishment– 2002 under the provision of the Energy Conservation Act, 2001.
Works under– Ministry of Power
Director General– AbhayBakre

About PwC Pvt Ltd
Chairman– Robert E. Moritz
PwC India chairman– Shyamal Mukherjee
Headquarters– London, United Kingdom