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PIB – 21 August 2021

CONTENTS

  1. GEOLOGICAL SURVEY OF INDIA
  2. NATIONAL MISSION FOR ENHANCED ENERGY EFFICIENCY (NMEEE)

 

GEOLOGICAL SURVEY OF INDIA

Focus: Facts for prelims

Why in News?

Geological Survey of India has decided to make itself accessible to the masses and make its presence felt digitally by launching the GSI Mobile App (Beta Version) in the year 2020 and upgrading it periodically.

  • Through the App , people will become more enlightened about various facets of  GSI activities .
  • It  is also in line with the Digital India campaign initiated by the Central Government .
  • E-news division updates masses about the latest news as far as the organization is concerned in terms of work  and the career opportunities as well as the training facilities that are available with GSI.
  • It also deals with various maps, videos and downloads of GSI work.
  • The e-book section would give the masses an idea of the exploration works done by GSI.

Geological Survey of India

Nodal: Ministry of Mines

  • It was set up in 1851 primarily to find coal deposits for the Railways.
  • Over the years, it has not only grown into a repository of geo-science information required in various fields in the country but has also attained the status of a geo-scientific organisation of international repute.
  • The main functions of the GSI relate to creation and updation of national geo-scientific information and mineral resource assessment.
  • It is headquartered in Kolkata and has six regional offices located at Lucknow, Jaipur, Nagpur, Hyderabad, Shillong and Kolkata. Every state has a state unit.

NATIONAL MISSION FOR ENHANCED ENERGY EFFICIENCY (NMEEE)

Focus: GS III- Environment

About National Mission for Enhanced Energy Efficiency (NMEEE)

  • NMEEE includes four specific energy efficiency initiatives under its umbrella. 
  • These enhanced energy efficiency measures are aimed at facilitating energy intensive industries (industries that consume large quantities of energy in production process) to reduce their energy footprint and catalize investments in the energy efficiency sector.

The four specific energy efficiency initiatives are as follows;-

  • Perform Achieve and Trade (PAT)
  • Market Transformation for Energy Efficiency (MTEE)
  • Energy Efficiency Financing Platform (EEFP)
  • Framework for Energy Efficiency Economic Development (FEEED)
Perform, Achieve and Trade (PAT) 

It aims at reducing Specific Energy Consumption (SEC) i.e. energy use per unit of production for Designated Consumers (DCs) in energy intensive sectors, with an associated market mechanism to enhance the cost effectiveness through certification of excess energy saving which can be traded.

Market Transformation for Energy Efficiency (MTEE) 

It aims for accelerating the shift to energy efficient appliances in designated sectors through incentives and innovative business models.

Under MTEE the following programmes were introduced for the promotion of energy efficient products in the market:-

  • Bachat Lamp Yojna (BLY): The programme was developed for replacement of inefficient bulbs with Compact Fluorescent Lamps (CFLs).
  • Super-Efficient Equipment Program (SEEP): This programme was designed for market transformation of super-efficient appliances by providing financial stimulus innovatively at critical point/s of interventions.
Energy Efficiency Financing Platform (EEFP) 
  • It was launched to provide a platform to interact with Financial Institutions (FIs) and project developers for implementation of energy efficiency projects.
  • Under this programme, Memorandum of Understandings (MoUs) have been signed by BEE to promote financing for energy efficiency projects.
  • For capacity building of FIs, BEE signed MoU with Indian Banks’ Association for the Training Programme on Energy Efficiency Financing.
Framework for Energy Efficient Economic Development (FEEED)
  • It was  designed for development of fiscal instruments to promote energy efficiency.
  • The objective was to provide the comfort to concerned stakeholders through implementation of Energy Efficiency schemes such as Partial Risk Sharing Facility (PRSF) to provide partial credit guarantees to cover a share of the default risk that participating financial institutions face in extending loans to eligible Energy Efficiency sub-projects.
  • Each energy saving loan given by Participating Financial Institutions (PFIs) is partially guaranteed for a maximum tenure of 5 years with guarantee coverage ranging from 40-75% of the loan amount or Rs. 15 crore per project.

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