You are here: Home » News-CM » Economy » News
Business Standard

100% household electrification by March 2019, next goal is 24x7 power: Power Minister


Capital Market 

Power Minister launches Star Labelling for Energy Efficient Homes aiming to save 90 Billion Unit annually by the year of 2030

The Union Minister of State (IC) for Power and New & Renewable Energy RK Singh has said that the country is on path to achieve 100% household electrification by 31 March, 2019 and next goal is 24x7 power for all households. He congratulated States for electrifying 2.5 crore households under Saubhagya in a record time of 17 months. RK Singh was addressing the inaugural session of the Conference of Power and Renewable Energy Ministers of States and UTs at Gurugram on 26 February 2019. The two-day Conference will review the implementation of various ongoing Schemes/ Programmes & deliberate on a host of issues pertaining to Power and Renewable Energy sectors.

Power Minister also felicitated State Power Departments and DISCOMs for their achievements under Saubhagya. Laying the roadmap for achieving 24x7 power for all, RK Singh said that this will be done by strengthening the distribution network, improving the DISCOMs health, reducing the transmission & distribution losses, using technology to improve billing and collection efficiency and energy efficiency. However the hours of power supplied to agriculture sector will be regulated so as to reduce water wastage and prevent over exploitation of our already stressed ground water resources.

Star Labelling for Energy Efficient Homes launched

The power minister launched Energy Efficiency Label for Residential Sector in India. Developed by Bureau of Energy Efficiency (BEE), this under the aegis of Ministry of Power Energy efficiency label programme, for Residential Buildings will provide the information to consumers on the energy efficiency programme standard of the Homes to be constructed across India.

The objective of the labelling programme is to make an instrument over the energy performance of a home which will gradually lead to an effective tool while deciding over the home prices in future. It also aims to provide a benchmark to compare one home over the other on the energy efficiency standards so as to create a consumer driven market transformation solution for Energy Efficiency in housing sector.

The proposed labelling program is expected to save substantial amount of electric energy through various energy efficiency efforts in houses nationwide. With the implementation of Energy efficiency label for Residential Buildings it is estimated to achieve an energy saving of up to 40% over the conventional houses with annual savings of 90 Billion Units by the year of 2030. Further, the Labelling mechanism will reduce in energy bills for home buyers. The likely CO2 emission deduction by 2030 will be 320 MT CO2 annually.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 26 2019. 18:43 IST