Improve energy efficiency: Study

Investments in operational efficiency, improved power generating stations, lower T038;D losses and renewable technologies alone can reduce India8217;s high energy intensity and avert growth deceleration. This prescription has been held out by the Federation of Indian Chambers of Commerce and Industry FICCI and the Petroleum Conservation Research Association PCRA in a paper on 8216;Shaping the Future of Energy8217;.

The paper notes that the time is ripe to enroll Energy Service Companies ESCOs to develop, install and finance projects designed to improve energy efficiency costs for facilities over seven to 10 years.

India8217;s energy intensity per unit of GDP is 4.5 times that of Japan, 1.4 times that of Asia and thrice as much as that of the US. This indicates very high energy wastage 8212; and the potential to make substantial energy savings. 8212;ENS