NMEEE may get Cabinet nod in a month's time

National Mission on Enhanced Energy Efficiency, a programme aimed at building a market worth Rs 74,000 crore for energy efficient products, may be taken up by the Cabinet in a month's time.

"The National Mission on Enhanced Energy Efficiency (NMEEE) is likely to be taken up with the Cabinet in a month from now," sources in the know said.

The government hopes to implement the scheme from April 1, 2010.

NMEEE is one of the eight missions planned under the National Action Plan on Climate Change (NAPCC).

Key features of NMEEE are to upscale efforts to create a market for energy efficiency, which is estimated to be around Rs 74,000 crore.

It would create a conducive regulatory and policy regime to foster innovative and sustainable business models to unlock this market.

After the implementation of NMEEE, it is estimated that by 2015 about 23 million tonnes of oil-equivalent of fuel savings in coal, gas, and petroleum products, will be achieved every year alongwith an expected avoided capacity addition of over 19,000 MW.

The consequential carbon dioxide emission reduction is estimated to be 98.55 million tonnes annually.

PAT (perform, achieve, trade) scheme a market-based mechanism to enhance energy efficiency in the large energy-intensive industries and facilities is also part of the NMEEE.

Market Transformation for Energy Efficiency (MTEE), is another feature of NMEEE, aimed at adoption of energy efficient appliances in designated sectors through innovative measures and more affordable products.

Replacement of inefficient appliances with efficient products such as lighting, Air Conditioners, refrigerators in domestic sector and reduction of Transmission & Distribution (T&D) losses would also be taken up under the NMEEE.