Tangedco will partner with the Coimbatore Corporation, Indian Green Building Council (IGBC) and the Confederation of Indian Industry (CII) to implement the 'Building Efficiency Accelerator Programme.'
The Building Efficiency Accelerator Programme is an initiative introduced by the World Green Building Council to help owners of buildings to improve their energy efficiency through various measures under efforts to reduce carbon emissions and improve the reliability of grid systems.
In Coimbatore, the programme will be deployed to reduce the city's energy consumption by 1MW by August 2017. The programme will target to improve energy efficiency in buildings owned by the government, factories and educational institutions.
The decision to help owners of buildings in Coimbatore to reduce their energy usage and costs follows an increase in the city's energy demand. Currently, Combaidore has a total energy demand of 2,200MVA.
Under the programme, participating organisations will share energy efficiency tips with their customers via social media tools. The programme is partnering with manufacturers and providers of energy efficient appliances for the supply and installation of equipment in shortlisted buildings, free of cost.
Meanwhile, the country's Energy Efficiency Services Limited secured $212.6 million loan from the KfW Development Bank to expand rollout of energy efficiency programmes.
The $212.6 million loan increases Germany’s financial commitment to enhancing energy efficiency in India to $637.8 million.
The loan follows an announcement made by EESL to raise $11.2 million from its local promoters to expand its energy efficiency services throughout 2017 and 2018.
The state-owned energy conservation institution is expecting to secure $76,271 from the India Rural Electrification, Power Finance Corp and the NTPC.
From international institutions, EESL has been promised by the Asian Development Bank a $200 million loan by the end of March. EESL is also set to receive a $300 million loan from the World Bank. [India extends energy efficiency project to the UK and Asia]
Image credit: 123Coimbatore.