by NR INDRAN
Mumbai : IDBI Bank has been implementing the India Chiller
IDBI Bank today released grant incentives of USD 75,600/- (i.e. Rs.34,02,000) to Essar Steel Limited, being the first beneficiary under ICEEP on successful completion of its sub-project for replacement of three CFC centrifugal chillers (300TR each) with three energy efficient non-CFC chillers (350TR each) at its integrated steel plant at Hazira, Gujarat, under Global Environment Facility.
IDBI Bank is receiving very encouraging response from chiller owners for participation in the project. Under ICEEP so far, 78 chillers have been identified and 54 chillers have been registered for grant incentives.
IDBI Bank is sharply focusing on providing various forms of financial and non-financial support to renewable energy and energy efficiency projects. This forms part of the Bank’s overall strategy to play a significant role in the area of mitigating climate change.
You can contact the Author at nr_indran@rediffmail.com