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CII and WRI Announce Green Power Market Development Group
"Over 25 Organisations to explore opportunities to spur growth and availability of cost effective Renewable Energy sources"

The Confederation of Indian Industry (CII) and the World Resources Institute (WRI) today launched India‚??s first Green Power Market Development Group (GPMDG).

The objective of the GPMDG is to scale-up Indian green energy markets and enable corporate buyers to access reliable & clean energy, diversify their energy portfolios with green power and reduce their impact on climate change while creating new opportunities for renewable energy supplier and technology providers.

Speaking at the occasion, Mr Kaushik Mukherjee, IAS, Additional Chief Secretary & Development Commissioner, Government of Karnataka said, "Involving more stakeholders and educating public are necessary for the success of Green Power initiative. Karnataka has been the pioneer in India and Asia's first hydroelectric power project at Sivanasamudram is an example.

In Germany, Freiburg football stadium is completely solar powered and on the same lines we will have Karnataka Cricket Stadium powered by solar power. Government gives an annual subsidy of $ 800 billion to electricity boards, such funds should go into installing green power generation capacities, he added.

Speaking at the occasion, Mr D N Narasimha Raju, IAS, Principal Secretary to Govt, Energy Department, Government of Karnataka underlined that Karnataka is according importance to renewable energy. About 4000 MW of 13600 MW installed capacity is sourced through renewable energy. He added, "Of the 3000 MW which we added in the past three years, 1400 MW is from renewable sources. We are considering rooftop power systems in Bangalore, where households can sell the surplus power."

Dr. Andrew Steer, President & CEO, World Resources Institute said that energy costs are key element of competitiveness in a globalized economy. Companies that can seize control of their energy destiny will be at the forefront of what many companies around the world are doing today to pursue high efficiency and profitability.

Dr. Steer noted that, "The GPMDG is good for all stakeholders - it will be good business for companies, and it reflects wise government policy. It is good for consumers, good for voters, good for investors and good for the environment that sustains all of us." He noted that the global renewable energy industry has experienced dramatic growth in recent years. Renewable energy capacity (excluding hydropower) has more than doubled since 2005.

The GPMDG is a coalition of leading energy consumer companies and RE suppliers created with the aim of building markets for Green Power in Bangalore. Its ambition is to help close the supply-demand gap with renewable energy sources. GPMDG intends to integrate both utility scale and decentralized renewable energy options into industrial parks and housing developments in Bangalore. The GPMDG brings bring together renewable energy buyers, sellers and regulators together on a common platform.

Mr Jamshyd N Godrej, Chairman, CII - Godrej GBC said, "Promoting clean energy makes good business sense and the collaboration between WRI and CII ensures that we will closely monitor and assess the financial, policy, regulatory and environmental aspects of this alliance of companies and energy producers. WRI pioneered the idea of green power market development group. India has been working with wind energy and recently progressing in solar energy also. A study by Shakti Sustainable Energy Foundation found that the wind energy potential is actually 15 times more of the present projections. We need to put mechanisms in place to realize that potential. Green power producers, consumers, government and public should work for sustainable policies in this regard. Investments in grids should be done in such a way that they suit green energy producers."

The GPMDG demonstrates a preferred model to build support for renewable energy - by aggregating demand collectively through a critical mass of participants, and not in a fragmented and inefficient way.

GPMDG companies can be leveraged to build demand for renewable energy procurement, support new renewable energy projects, raise awareness and support development and implementation of relevant policies. As a collective Forum of buyers and sellers, GPMDG would facilitate interactions between the private sector and policymakers to identify policy barriers and develop appropriate solution to greater adoption of renewable energy by industrial consumers.

Later speaking at the panel discussion, Mr Vishvanath Hiremath, Member, Karnataka Electricity Regulatory Commission said, "Security mechanisms and payments were problems earlier. But in recent times, managing the grids and load balancing are the issues. As a regulator, we need to look into concerns of all stakeholders. We are positive in encouraging renewable energy in the State and look forward to interact with the stakeholders"

Mr S Selvakumar, IAS, Managing Director, KPTCL highlighted that one of the issues was tight monitoring of the frequency, which is presently managed through load sharing amongst gas based and hydel stations. He suggested introducing reactive capacitor banks for the generators to address the issue of synchronization. The proposed Green Energy Corridor by Power Grid Corporation planed to connect North and South India could help in better stability.

The day was also marked by over 25 organisations expressing their willingness to explore opportunities to spur growth and availability of cost effective renewable energy sources by signing the signature campaign.

Signatories include: 3M India Ltd, ACC Ltd, Bearys Group, Bhoruka Power, Bosch, Cognizant, DGEPL, Enerparc Energy Pvt Ltd, Green Fields Power, Godrej, HSBC, IBM, Infosys Ltd, Intelligent Energy, ITC, Jones Lang Lasalle, KREDL, MPPL, Nagarjuna Hydro Energy Pvt Ltd, Orient Green, Persept Solar, Shakti Foundation, Tulip Data Center, Vasavdatta Cement, Wellspun, World Resources Institute, Wipro, and Yes Bank.

Mr L Krishnan, Chairman, CII Karnataka State Council and Mr Soumitra Bhattacharya, Vice Chairman, CII Karnataka State Council also spoke at the occasion.

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