SIDBI announces Proposed Launch of End to End Energy Efficiency (4E) Solution Intervention

MUMBAI, India - June 5, 2014 - PRLog -- Small Industries Development Bank of India (SIDBI), which is celebrating its 25th year of dedicated services to Micro, Small and Medium Enterprises (MSME) sector in India and one of the pioneers in energy efficiency (EE) movement in MSMEs, announced the proposed launch of a unique Energy Efficiency (EE) intervention on the occasion of the “World Environment Day” on June 5, 2014.

The intervention has been named 4E (End to End Energy Efficiency) solution intervention. The intervention is expected to help MSMEs adopt energy efficiency measures, provide support during implementation by way of assistance in identification of vendors for EE equipment/technologies and during installation & commissioning etc.  SIDBI has proposed to launch the intervention on a pilot scale in 5 of its branches covering Delhi NCR, Uttar Pradesh, Punjab and Haryana. India SME Technology Services Ltd.(ISTSL), an associate institution of SIDBI, will spearhead the intervention.

Many Indian MSMEs are energy-intensive, employing inefficient and outmoded technologies and operational modalities that inhibit their competitiveness and future growth. As per certain estimates, the industrial sector offers a good opportunity to save 49 billion kWh of energy per year. It is estimated that about 48% of the total energy consumed in the industrial sector is from MSMEs and by adopting energy efficiency measures, at least 25% of it could be potentially saved. MSMEs, especially those for whom energy cost represents a large portion of total production costs, can reap benefits from improving efficiency of energy conversion and reduction of energy losses. The above intervention is expected to benefit about 3000 MSMEs in the next three years.

SIDBI proposes to follow-up this intervention with several other new initiatives during its Silver Jubilee Year of operations. The efforts of SIDBI in promoting energy efficiency and cleaner production technologies have been recognized by several of its international partners and accordingly suitable lines of credit for promoting such activities are being raised from such multilateral institutions.

Byte from Mr. N K Maini on the occasion of launch of 4E Solution

Mr N.K. Maini, Deputy Managing Director In-charge of Small Industries Development Bank of India (SIDBI), on the occasion of the announcement of the launch of 4E (End to End Energy Efficiency ) Solution by SIDBI on June 5, 2014, which is celebrated as the “World Environment Day”, mentioned about the commitment of SIDBI towards promoting energy efficiency and cleaner production technologies in the MSME sector. He stated that 4E Solution is expected to help 3000 MSMEs become more energy efficient in the next three years. He also informed that several international partners have been impressed by the work undertaken by SIDBI in the field of sustainable development and have been continuously supporting the Bank in such areas through Lines of Credit and technical assistance.