Eco-friendly energy efficient project
Leading power equipment manufacturer, OSRAM, on Thursday announced that it had joined hands with the largest German power generation company RWE to launch their first energy efficiency project in India based on the Kyoto Protocol guidelines at a cost of 150 million Euros. Under the programme, high-quality OSRAM energy-saving lamps will be distributed to around 700,000 households in the Vishakhapatnam region in the first phase. The project will be financed exclusively via CO{-2} certificates under the Clean Development Mechanism (CDM) based on the Kyoto Protocol for reducing CO{-2} emissions in developing and emerging countries, according an official release here. The energy-saving lamps are being distributed by the local power supply company in cooperation with self-help groups. At the same time, ordinary light bulbs will be collected from the households and sent for eco-friendly recycling. In all, this project is likely to save up to 400,000 tonnes of CO{-2}. "The project together with our partner RWE will reduce CO{-2} emissions in India and help the country keep its energy requirements down. It will also give a broad cross-section of population who would not otherwise be able to afford energy-saving lamps the opportunity to save money,' said Wolfgang Gregor of OSRAM.
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