Hon’ble Minister of Power inaugurates INSPIRE 2018, recognizes four path breaking innovations in energy efficiency and clean energy

Eesl- 11th 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, today. The three-day symposium is being organised by Energy Efficiency Services Limited (EESL) and World Bank. Based on the theme of Innovation, INSPIRE 2018 honoured four pathbreaking innovations in clean 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 and Asian 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, Shri Raj K Singh in the presence of senior dignitaries including Shri A.K. Bhalla, Secretary, Ministry of Power, Govt. of India; Shri 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, Shri 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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