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India seals pact with Switzerland on energy efficiency


10:39, November 11, 2011

NEW DELHI, Nov. 10 (Xinhua) -- India has sealed a pact with Switzerland on cooperation in the development of energy-efficient buildings through the use of advanced Swiss technologies, the Swiss Embassy here said in a statement Thursday.

Indian Joint Secretary in the Power Ministry Devinder Singh signed the pact with Swiss Ambassador to India Philippe Welti.

"The MoU is for a period of five years and aims at reducing energy consumption in new buildings in India. The objective of the initiative is to build capacities and knowledge of builders, architects, engineers, labs, institutions and others, in the area of building energy efficiency in India by utilizing Swiss experience and expertise, and by following a multi-stakeholders cooperation process," the statement said.

In India, it is estimated that about eight percent of the total electricity is being used in commercial buildings and the demand for electricity in commercial buildings is growing at a rate of 13 percent every year.

"As a majority of buildings that would exist in 2030 would have been constructed between now and 2030, it is possible for India to have an energy-efficient building stock," the statement added.

India faces severe energy shortage as the country is experiencing fast economic growth and urbanization.

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