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Nationwide Green Power Initiative Launched- CII initiative to promote Renewable Energy among industry
In a key step towards promoting renewable energy among corporate in India, the Green Power Market Development Group (GPMDG) was launched on a nationwide basis here today. The GPMDG initiative seeks to create a demand for renewable energy among corporate and help companies in meeting their renewable energy purchase obligations and also make them sustainable in the long term.

The Green Power Market Development Group ? India (GPMDG) is a joint initiative of Confederation of Indian Industry (CII) and World Resources Institute (WRI) and supported by Shakti Sustainable Energy Foundation.

Welcoming the initiative, Mr B K Chaturvedi, Member, Planning Commission, said that India has experienced significant economic growth in recent times. Yet the fact remains that its growth is constrained by energy supply and availability. He pointed to the huge potential of renewable energy in India and, if realized even in part, would go a long way in cementing energy security.

Mr Jamshyd N Godrej, Chairman, CII ? Godrej GBC, said the ?portfolio of opportunities? in renewable energy is very large. To improve energy access across the country, he stressed how off grid options could be explored, especially with regard to solar power.

Mr Krishan Dhawan, CEO, Shakti Sustainable Energy Foundation, highlighted the need to focus on clean energy and energy efficiency across sectors. He hoped that effort to create awareness and commitment among industry would create a demand force for green power.

Explaining how Infosys has taken the lead in green power usage, Mr Rohan Parikh, Head Green Initiatives, Infosys, said that corporates need to be become part of the solution. He urged the Government to ensure Policy stability over a10-15 year period so that financing options improve.

A stakeholder-wide consultation by CII also revealed certain Policy constraints affecting the purchase of green power. These included high cross subsidy surcharge and open access charges as also non-enforcement of RPO.

Mr S Chandrasekhar, Chairman, GPMDG - Karnataka State, and Managing Director, Bhoruka Power Corp., said that the results in Karnataka encouraged the move to go nationwide. He informed that the GPMDG aims to facilitate Green energy procurement of 100 MW by Indian industry by 2017

Earlier, the tone was set by Mr Ramesh Kymal, Chairman, Renewable Energy Council, CII ? Godrej GBC, who welcomed all the participants and informed that the over-whelming response from corporate buyers and green power developers in Karnataka over the last year prompted the CII and WRI to launch the Green Power Market Development Group as a nation-wide programme.

New Delhi
29 January 2014

Neelam Joshi
Deputy Director - Media Desk
Confederation of Indian Industry
23, Institutional Area
Lodi Road
New Delhi - 110 003
Mobile: 9810882431

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