Energy Efficiency Services Limited (EESL) have partnered with the Global Environment Facility (GEF) in launching the Creating and Sustaining Markets for Energy Efficiency project.
The project will make use of technical and financial support from development partners such as the United Nations Environment Programme, Asian Development Bank (ADB) and Kreditanstalt fur Wiederaufbau (kfw).
A total of $454 million will be spent under the new initiative in which EESL will include the distribution of smart meters and tri-generation technologies in its energy efficiency offers. The company also has plans to enter the district cooling sector. The programme aims to save 38.3 Gigajoule of energy by 2022.
EESl will continue to provide consumers with energy efficiency services which include the provision of low-energy consuming streetlights, home lights, ceilings fans and water pumps. The majority of the funding is coming from the ADB which has committed a $200 million loan towards the programme.
The new initiative will be used by EESL to develop a mechanism which aims to attract funding to increase the development and adoption of energy efficiency technologies in India.
Energy efficiency in Malaysia
Meanwhile in Malaysia, Tenaga Nasional Berhad (TNB) has launched a home energy management system (HEMS) to help consumers improve energy efficiency and reduce energy costs. The utility has through its subsidiary, TNB Energy Services, unveiled the online HEMS called Maevi.
The online tool will enable consumers to monitor and manage their energy bills, through remote operation of home appliances and access to personalised recommendations on how they can reduce their energy consumption.
The tool will be used by consumers via IOS and Android powered mobile devices to set energy efficiency targets and receive notifications in the event they exceed set energy efficiency goals. The HEMS will complement the company’s Home Energy Report under efforts to stabilise grid network through the expansion of demand-side management portfolio.
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