Eight sectors to pump Rs 30K cr into green technology

The PAT scheme is an important mechanism under the National Mission on Enhanced Energy Efficiency.

In a significant boost to green energy,eight industrial sectors,including power and fertilisers,are set to invest Rs 30,000 crore over the next three years in energy-efficient technology,which will help them save 10 million tonnes of oil equivalent.

The power ministry has notified sectors,including thermal power plants,fertilisers,cement,pulp and paper,textiles,chlor-alkali,iron & steel and aluminium under the Perform Achieve and Trade (PAT) scheme,which aims to reduce energy consumption by 20 to 25 per cent by 2020 from 2005 levels.

Under the PAT scheme which starts from April 1,2011,these eight industrial sectors would collectively pump in Rs 30,000 crore for energy-efficiency programme in the next three years, power secretary P Uma Shankar said at a CII conference on Thursday,adding that companies will be able to recover their costs within five years.

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The PAT scheme is an important mechanism under the National Mission on Enhanced Energy Efficiency,which is one of the eight missions under the National Action Plan on Climate Change.

Firms which do not follow the norms would have to pay a fine of Rs 10 lakh and a monetary penalty equal to the energy which is non compliant.

The scheme also provides for issuing tradeable energy saving certificates to those industries that consume less than permitted energy. These can then be sold to those industries that consume more than the permitted energy. One certificate will be valued at one tonne oil equivalent and will

be traded on the energy

exchange.

Trading would start somewhere around September this year or April 2012, said Ajay Mathur,director general,Bureau of Energy Efficiency.

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