The new green building code 2017 will lead to a rise in construction costs by 5 per cent but save energy up to 50 per cent, a senior official said today.
"New green building code 2017 will raise the costs by 5 per cent. But savings in energy can be as high as 50 per cent. The new code could play big role in achieving India's climate goals," a statement quoted Abhay Bakre, Director General, Bureau of Energy Efficiency, as saying at the CII-EEETech 2017 here.
Bakre, in his address, supported Prime Mister Narendra Modi's clarion call -- Zero Defect, Zero Effect, and said that energy efficiency itself is attractive for any business model.
He further said, "The country is moving towards a 'renewable movement' to meet our power needs and minimise the costs. Doing so will... Help India in its intended nationally determined contribution in reducing CO2 emissions."
He added that with the technical conference and programmes like this, the industry gets a chance to identify, deliberate and analyse new technologies/technology providers and latest techniques of energy efficiency which has higher return on investment.
He was of the view that this will not only aid to the pain areas of the industry like higher costs, low profits, negative impact on environment but will also help in imparting knowledge and learning energy efficient solutions.
The new building code is expected to lead to savings of up to 300 billion units per year and peak demand reduction of over 15 GW in a year.
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