According to the Ministry of Power, the investment potential for energy savings amounts to USD 9.8 billion with annual savings of 183.5 billion kWh. Those energy savings would mean 148.6 million tons of avoided CO2 emissions per year. HSBC Global Research estimated 2008-2017 Energy Efficiency investments :
Building efficiency: INR 200 billion
Industrial efficiency: INR 500 billion
Power supply efficiency: 500 billion
However, Energy Efficiency Markets in India are highly fragmented and AEEE seeks to bridge the gap through the following:
Integrating Resources and Information on Energy Efficiency
An active AEEE objective is to integrate Reports, Studies and resources on energy efficiency from its networks. Reports of Bureau of Energy Efficiency (BEE), Central Electricity Regulatory Commission (CERC) and the USAID ECO-III project, ASE-India among others, are being be compiled for easy access and reference to Members and other interested organizations. Furthermore, AEEE's Newsletter will bring a condensed information of various opportunities and activities in EE services and technologies in India and worldwide, as well investments and funding that are increasingly being made available in India.
SME Expertise & Networks
AEEE includes distinguished members whose activities with SMEs have won them awards for entrepreneurship in micro and small enterprises. Some of these members are working towards establishing Regional Energy Efficiency Centres (REEC) to demonstrate best energy efficient technologies and showcase best practices. AEEE actively utilizes its member networks to reach out to larger audiences on energy conservation (Conzerv (Schneider Electric), DSCL and IRG have a long history of working closely with SMEs). Also, AEEE stays connected with SME and EE financing divisions of Banks, SIDBI, World Bank, IFC and other Financial Institutions about their ongoing projects.
Supporting the ESCO Industry
AEEE Members have played an important role in the past to create a platform for ESCOs in India. Various AEEE capacity building activities support BEE in strengthening the role of “Energy Efficiency Services Limited” (EESL) (setup by Ministry of Power) for implementation of EE projects in India. EESL projects spread across Agricultural Demand Side Management (DSM), Municipal DSM, capacity building of State Development Agencies, Utilities, financial institutions, etc. AEEE is also working with Energy Valuation Organization for capacity building programmes for finance bodies to participate in the ESCO business model (to bring International Energy Efficiency Financial Protocols (IEEFP) to India).
Strengthening Performance Contracting Business
AEEE is working with its partners to develop M&V guidelines for Performance Contracting of ESCOs. This is being done by integrating the field experiences of partner organizations like USAID/ECO-III Project and Alliance to Save Energy (ASE-India); and their extensive experience with Municipal energy efficiency projects relating to water pumping and street lighting projects. A framework for implementing M&V is being compiled and ESCOs members contribute their performance contracting experience to develop these guidelines. This is significant in view of BEE’s efforts to support Monitoring, Reporting and Verification objectives of the National Action Plan on Climate Change.
Benchmarking Indian Industry Nationally and Globally
Energy efficiency projects and programmes in India can be scaled up, only if we are able to develop benchmarks within India identifying the most efficient industries, and creating a demand pull. Further AEEE would facilitate the highly efficient segments of Indian industry to benchmark with the best in the world. For instance, AEEE is working with the Sustainability Services Group of Confederation of Indian Industry (CII) on the Carbon Disclosure Project to facilitate Carbon Accounting and Reduction.