India Inc's green push gets a fillip with amended Energy Conservation Bill

Share of thermal energy for manufacturing companies almost 95%

The Energy Conservation (Amendment) Bill, 2022 — tabled in Parliament on Wednesday — may push manufacturing companies to step up the use of green energy for their captive needs. The Bill proposes to mandate the use of non-fossil sources for industrial activity, penalising those who don’t do so.

Currently, most companies — from cement and metal to petrochemical — depend largely on thermal power for their energy requirements.

The share of thermal energy for manufacturing companies, according to industry executives, is almost 90-95 per cent, with a small share of about 5-10 per cent coming from renewable energy sources.