Question: What is energy efficiency?
a) Reduction in units of energy consumed per unit of output by a device or equipment by changing technology deployed.
b) Suggesting new methods for using energy.
c) Using the total energy output
d) None of the above.
Ans: (a)
- On May 24, 2017, the Union Cabinet chaired by Prime Minister Shri Narendra Modi gave its approval for raising of Bonds of Rs. 2360 crore for Renewable Energy.
- The Bonds will be raised by the Ministry of New & Renewable Energy through the Indian Renewable Energy Development Agency (IREDA) during the 2017-18.
- These funds will be used by MNRE in the approved programmes/schemes for solar park, green energy corridor, wind projects, CPSU and defense solar projects, viability gap funding for solar projects, roof-top solar and investment in corporations and autonomous bodies etc.
- The investment would boost infrastructure in renewable sector and facilitate achievement of ambitious targets for the renewable energy sector.
- The Government had declared additional finance mobilization of Rs. 31,300 crore bonds through NHAI, PFC, REC, IREDA and IWAI in the budget for FYT 2016-17.
- As a part of this, the Government had allocated Rs. 4000 crore to IREDA to raise “GOI fully serviced taxable Bonds” on behalf of the MNRE during the FY 2016-17.
- Out of this allocation, IREDA had raised Rs. 1640 crore as per the requirement of MNRE. The MNRE subsequently approached the Cabinet, to approve raising the balance Rs. 2360 crore in the year 2016-17.
- It is notable that Energy Efficiency is reduction in energy consumption (units of energy consumed per unit of output) of a device or equipment by changing the technology deployed. For example, if we change the incandescent lamp by a Compact Fluorescent Lamp (CFL), it will result in same illumination level with less power consumption. Thus, this is a case of improving energy efficiency.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=162100
http://airworldservice.org/english/archives/47292