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Corporate India is spending more on energy conservation to cut cost and to meet the challenge of competitiveness amid the global economic slowdown. Bureau of Energy Efficiency (BEE) Director General Ajay Mathur said energy conserved by several companies was acting as a revenue multiplier.

" This can lead to a surprising phenomenon when energy cost instead of being reflected in expenditure side of balance sheet would be projected on income and revenue side," Mathur said at a function.

Asking the public to use certified energy efficient electrical gadgets and equipment with five stars BEE ranking, Mathur said,"The world is heading towards unprecedented energy crises if we continue to consume energy at present rate."

He said that keeping in view the present energy requirement, India would require 2.5 times more power after 20 years.

"As generation of more power would lead to more pollution and resultant problems of global warming, it is imperative for all of us to make concerted efforts to conserve energy for the future generations,"he said.

He also said that there was a potential of saving 20,000 megawatt of electricity to reduce the peak load demand which is at over 15 per cent.

Source - Indopia