Efficient of energy is backbone of India’s economic growth says Ram Nath Kovind

Vastavam web: Availability of energy with efficiency is the backbone of India’s economic growth and development, President Ram Nath Kovind said today.He said that while India has succeeded in becoming a power surplus nation in the past three years, it cannot rest.Energy availability and efficiency is the backbone of India’s economic growth and development, he said, addressing a function on the occasion of National Energy Conservation Day.

“It poses not one but several challenges such as access to energy, sustainability of energy sources and efficiency of energy use. All of these are important as the government works towards its commitment to provide ’24X7 Power for All’,” Kovind said.This will be of benefit to ordinary households and small-and- medium enterprises, which have significant energy costs.”

Energy that is saved will be used by farmers for irrigation and to preserve fruits and vegetables in cold storages, Kovind said, adding that energy efficiency is relevant to many of the country’s flagship programmes from ‘Make in India’ to building Smart Cities.Almost a third of India s power consumption occurs in commercial and residential buildings. In the coming years, as the economy grows and cities expand, many more buildings will be constructed, he said.Bureau of Energy Efficiency (BEE) felicitated the winners out of 322 energy efficient companies from select sectors across India.

The participating units of the 2017 awards programme have achieved monetary savings of Rs 1,895 crore against total investments of Rs 1,495 crore in energy conservation measures during 2016-17.The President also presented prizes to school children who won the National Painting Competition 2017.