Page 46 - Policy Economic Report - April 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

consumption by 89 Million tonnes of oil equivalent (Mtoe) in 2030 as compared to the scenario in which
these interventions are not carried out.

Sustainable cooling acts as a tool to address the growing cooling demand. To balance the growing cooling
demand while ensuring the sustainable and energy efficient cooling solutions, two new building codes:
the Energy Conservation and Sustainable Building Code (ECSBC) for commercial buildings and the Eco
Niwas Samhita (ENS) for residential buildings have been published by the Bureau of Energy Efficiency (BEE)
for adoption by States. The Air-conditioners, Ceiling Fans and Refrigerators have been brought under
mandatory compliance of Standard and Labelling programme to ensure that energy efficient devices are
deployed for cooling purposes.

Additionally, with the overarching goal to address the rising cooling demand, Ministry of Environment,
Forest and Climate Change (MoEFCC) launched India Cooling Action Plan (ICAP).

Bureau of Energy Efficiency, under the aegis of Ministry of Power has taken several initiatives to promote
the energy efficiency in industry, transport and domestic sectors which includes;

i. Perform, Achieve and Trade scheme to improve energy efficiency in energy-intensive industries.
It sets sector-specific energy reduction targets, allowing industries to earn Energy Saving
Certificates for exceeding targets, which can be traded on power exchanges. This incentivizes
cost-effective energy savings while providing flexibility in compliance.

ii. Under the Standards and Labelling programme, the major energy consuming appliances are given
star rating from 1 to 5 with 5 star as most efficient appliance. Based on star label, the consumer
is encouraged for making informed choice regarding purchase of energy efficient appliances
thereby saving electricity consumption.

iii. The Energy Conservation and Sustainable Building Code (ECSBC) for commercial buildings and the
Eco Niwas Samhita (ENS) for residential buildings have been published for energy savings in
building sector. These codes are to be adopted and implemented by the States / local bodies.

iv. Corporate Average Fuel Efficiency norms for passenger cars for energy savings in transport sector.

Central Electricity Authority concurred a record number of Detailed Project Reports of Hydro Pumped
Storage Projects during 2024-25

The Central Electricity Authority (CEA), under the Ministry of Power, Government of India, has concurred
Detailed Project Reports (DPRs) of following 6 Hydro Pumped Storage Projects (PSPs) of about 7.5 GW in
record time during 2024-25, marking a key milestone in India's ongoing commitment to developing
advanced long term energy storage solutions:

o Upper Indravati (600 MW) in Odisha
o Sharavathy (2,000 MW) in Karnataka
o Bhivpuri (1,000 MW) in Maharashtra
o Bhavali (1,500 MW) in Maharashtra
o MP-30 (1,920 MW) in Madhya Pradesh

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