In this regard, the Power Ministry is implementing the PAT Scheme.
About PAT Scheme:
♦ The Perform, Achieve, and Trade (PAT) Scheme is an important programme for large industries and establishments.
♦ This scheme aims to improve the cost-effectiveness of energy savings by upgrading technologies or implementing in-house energy-saving measures.
♦ The scheme provides mandatory targets for identified large-scale units, and issues excess energy saved as energy-saving certificates, which are tradable tools.
♦ Different industries and establishments have different energy efficiency targets based on their energy consumption and potential for energy savings.
♦ Currently, the scheme applies to 13 of the country’s most energy-intensive industries, including cement, iron and steel, fertiliser, thermal power plants, refineries, petrochemicals, railways, and others.
♦ This initiative is currently resulting in energy savings of approximately 17 MTOE (Million Tonnes of Oil Equivalent) and the mitigation of approximately 87 million tonnes of CO2.