The power ministry said the country saved 7,378 million units of electricity worth Rs 4,866 crore through various energy efficiency measures taken during 2015-16.
In a bid to promote energy efficiency, Power Minister Piyush Goyal will present National Energy Conservation Awards 2016 tomorrow after inaugurating the National Energy Conservation Day, read a ministry statement. Goyal will also felicitate winners of National Energy Conservation Painting Competition 2016.
According to the statement, the participating entities for the 2016 awards have collectively invested Rs 5,111 crore in energy conservation and achieved monetary savings of Rs 4,866 crore in a short period.
The investment will continue to pay off in coming years as well. These entities have saved 7,378 million units of electricity, which is equivalent to the energy generated from a 1,352 MW thermal power plant, it added.
Driven by the Bureau of Energy Efficiency (BEE), the awards recognise industrial and other establishments that have taken effective measures to conserve energy, and students from across the country who paint ideas for energy conservation.
A number of entities including industrial units, offices and BPO buildings, hotels, hospitals, zonal railways, railway stations including metro, state designated agencies and municipalities and electricity distribution companies (discoms) have sent in their entries for the awards aimed at recognising effective energy efficient technologies and practices.
Goyal will interact, through video conferencing, with school students across the country and view their paintings depicting exciting ideas on power conservation.
He will also share with students his own ideas on the subject. This year, more than 1.14 crore students from across the country participated in the school painting competition, 8 per cent higher than last year's.