Energy Efficiency Services limited (EESL) is all paced to have a global footprint as it plant to have offices in 21 international branch office in New York. EESL is all set to roll the ball in the U.S market for Energy efficiency.
On the occasion of Renewable Energy Investors meet, The speech by Mr Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and New and Renewable Energy was applauded with high enthusiasm by Green Bank and the Energy Council of the US. The event was co-hosted by the Confederation of Indian Industry and the US India Business Council in New York on Thursday. Furthermore Shri Goyal also emphasized on various other investment opportunity that incentivize manufacturing in solar, the government is exploring options of long term power contracts and long term land lease contracts for solar manufacturers.”
Cost of LED bulbs in India has been a distinct advantage with costs falling by more than 83 % in a year. EESL has officially finished dispersion of 9 crore LED bulbs under its Domestic Efficient Lighting Program
Striking an optimistic note, Shri Goyal also projected India’s growth to be in double digits by next year if not this fiscal itself. The caveat being that India needs to get a strong monsoon.
Calling upon gas makers to investigate speculation opportunities in the Indian market, the Minister said, “India is willing to take gas for its gas based power projects and sign long term contracts of 10-15 years but this can be done at a fixed price of $5 per mmbtu as the power sector is a price sensitive sector in the country. With about 28 GW of stranded gas assets in the country, this is a huge and promising market as long as the prices are right and given the current Baltic index, I believe that this is a viable proposition.”Mr Goyal went on to emphasize that India is also exploring all method for gasification including coal bed methane.
Talking about how nations with developed economies are seeing energy demands flattening, he accentuated that it is essential for these nations to chop down waste. Repeating India's position for just atmosphere activity, the Minister reemphasized that Indians and India needs to get their opportunity to create. “India cannot be held responsible for the emissions although India believes in being a responsible global citizen and doing its part.”