The Indian industrial sector is transitioning through an interesting phase. Increasing raw material prices and thinner margins due to increased competition is forcing companies to look at measures to become cost effective and hence competitive in the Indian market .In the past few years, there has been a consistent rise in fuel cost, while its uncertainty related to availability has become a major concern. At the same time, grid power tariffs have been on the rise, while its supply continues to remain unreliable. In such a scenario, energy intensive companies are increasingly focusing on cost savings through superior energy management.
Perform, Achieve and Trade (PAT) is a market based mechanism to enhance cost effectiveness of improvements in energy efficiency in energy intensive large industries and facilities, through certification on energy savings that could be traded.
In this summit, the panelists mainly focused on the technology, process and regulatory aspect of energy efficiency. The key takeaways and Infozech’s perspective towards Energy Efficiency: