R.K. Singh inaugurates INSPIRE 2018

Energetica India - 12th November 2018

With a focus on enhancing grid management, eMobility, and financial instruments and technologies for energy efficiency in India, the second edition of the International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE 2018) kicked off in New Delhi. The three-day symposium is being organised by Energy Efficiency Services Limited (EESL) andWorld Bank. Based on the theme of Innovation, INSPIRE 2018 honoured four path breaking innovation synclean energy and energy efficiency as part of #InnovateToINSPIRE, a first-of-its-kind energy innovation challenge. Towards supporting investments in new, innovative and scalable business models, EESL andAsian Development Bank (ADB) signed an agreement for a Global Environment Facility (GEF) grant of USD 13 million to establish an Energy Efficiency Revolving Fund (EERF).EERF aims to expand and sustain investments in the energy efficiency market in India, build market diversification, and scale up existing technologies.INSPIRE 2018 was inaugurated by Hon’ble Minister of Power, New and Renewable Energy, Raj K Singh in the presence of senior dignitaries including A.K. Bhalla, Secretary, Ministry of Power, Govt. of India; S.N. Sahai, Additional Secretary, Ministry of Power, Govt. of India; Dr. Junaid K. Ahmad, Country Director, The World Bank (WB); Mr. Kenichi Yokoyama, Country Director, Asian Development Bank (ADB); and Shri Rajeev Sharma, Chairman, EESL. Speaking at the occasion, R.K. Singh, Hon’ble Minister of Power, New & Renewable Energy, (I/C), Govt. of India said, “Platforms like INSPIRE 2018 bring together stakeholders to deliberate upon the solutions for India’s energy ambition.

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