Current Affairs Summits

Category : Summits

Mr R K Singh, Union Minister of State (IC) for Power and New & Renewable Energy inaugurated the International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE 2018) in New Delhi. This is the second edition of INSPIRE and is being organised by Energy Efficiency Services Limited (EESL) and the World Bank. The three-day symposium will focus on enhancing grid management, e-Mobility, financial instruments and technologies for energy efficiency in India.

Agreements Signed:  To support investments in new, innovative and scalable business models, EESL and Asian Development Bank (ADB) signed an agreement for a Global Environment Facility (GEF) grant of USD 13 million to establish an Energy Efficiency Revolving Fund (EERF). During INSPIRE 2018, EESL and GAIL, a wholly owned subsidiary of GAIL (India) Limited signed a MoU to develop natural gas-based cogeneration and trigeneration projects in Commercial & Industrial Sectors in India.

Source- Press Information Bureau (PIB)