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Enigin News - India Sign $11.3 million Energy Efficiency Deal

Enigin News - India Sign $11.3 million Energy Efficiency Deal

INDIA has signed a tripartite deal with the World Bank and the Small Industries Development Bank of India to promote energy efficiency in micro, small and medium enterprises.

The project, expected to be completed by December 31, 2014, and signed by the Indian Finance Ministry is proposed to be implemented through a Global Environment Facility grant of US$11.3 million, the Ministry revealed in a statement on Monday.

The official statement revealed:

"The objective of the project is to increase demand for energy efficiency investments in targeting micro, small and medium enterprise clusters and to build their capacity to access commercial finance."

The project consists of the following parts:

1. Capacity and Awareness Building
2. Increasing Energy Efficiency Investments
3. Knowledge Management and Sharing
4. Project Management

Enigin Distributors across India are already helping small to medium sized enterprises to become aware of the advantages of energy efficiency and to benefit financially from Enigin Plc's range of energy saving solutions.

The technology supplied by Enigin Distributors allow companies to become energy efficient and save substantially on energy use and hence energy bills.

Contact your local Enigin Distributor now to benefit from controlled energy use and any grants available from local and national government.

Tuesday 14th September 2010