PHD Chamber and Alliance for Energy Efficient Economy (AEEE) conducted a stakeholder consultation meet on ‘Developing the strategies for utilities on energy service company (ESCO) to implement Industrial Energy Efficiency (EE) projects’ at the PHD House on Tuesday.
The workshop, supported by Shakti Sustainable Energy Foundation, highlighted the benefits of Energy Service Company Organisation-Utility partnerships. It sought feedback on setting up a utility-driven ESCO company or a Special Purpose Vehicle, besides highlighting the untapped potential of ESCO business.
"To address energy shortages, utilities have to prioritise energy efficiency. Innovative business model, including strategic partnership with ESCOs would be the key to success", said AEEE president Koshy Cherail.
PHD director Dalip Sharma said t hat t he re was a hug e gap between the potential for energy savings and what has been realised on the g round. "Energy audits are carried out but these are not often translated into implementat i o n. Implementation through Energy Service Companies (ESCOs) was considered as a strong incentive for implementation of EE projects," he said.
Alliance for an Energy Efficient Economy ( AEEE) is an association that aims to provide a platfor m for energy efficiency (EE) stakeholders to discuss barriers to energy efficiency in India and seek solutions for them.