Energy conservation: Teri signs MoU with HUDCO

PUNE: The Energy and Resources Institute (TERI) signed on Tuesday a Memorandum of Understanding (MoU) with Housing And Urban Development Corporation Ltd (HUDCO) to encourage energy conservation in cities and urban areas .

Energy conservation is a key issue for India with its power and energy shortages. There is a growing concern over the likely adverse impact of climate change and recognition of the fact that effective steps are needed to be taken for reduction of Green House Gas Emission. Buildings are responsible for at least 40 per cent of energy use in most countries and are major contributors to global emissions. Energy efficiency in buildings is very crucial in Indian context since construction sector is growing at a very fast pace.

R K Pachauri, Director General, TERI, said, “With the high rates of economic growth that India is registering and is likely to achieve in the future, a major expansion in infrastructure is bound to take place in the coming years. To ensure efficient use of resources, including energy, lower levels of environmental impacts and meeting the challenge of climate change, it is essential that we carry out greening of India’s infrastructure.”

The MoU between HUDCO and TERI represents a major partnership to achieve the establishment of green infrastructure in this country with multiple benefits to society.
V P Baligar, Chairman and Managing Director, HUDCO, said, “Under the purview of this MoU, TERI and HUDCO have agreed to promote Government of India’s directive that all buildings constructed by the Central Government and Public Sector Undertakings should at least aim to achieve three star rating of green building, meaning thereby that the energy conservation shall be central focus, in planning, design and construction. The major areas of cooperation which the MoU envisages are; promotional activities, incentive package, capacity building, joint research and consultancy.

Source – TOI



Executive at India Electron Exchange

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