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CII meet urges cos to conserve energy

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Chennai , Aug. 23

"India is four times as energy intensive as Japan is. This reflects badly on the competitiveness of the Indian industry," said Mr R. Seshasayee, President, Confederation of Indian Industry, at `Energy Summit 2006', a two-day energy conservation and technology meet organised by CII.

He urged companies to be proactive in achieving sector-specific technology breakthrough for saving energy. "We are too euphoric about India's growth rate. At what cost to the environment will this growth come," he said.

Mr Banmali Agrawala, Managing Director, Wartsila India Ltd, said there was a need to make it mandatory for organisations to generate a fixed percentage of their total energy needs from renewable sources. "We must be equally passionate about environment security as we are about energy security," he said.

Mr James L. Connaughton, Chairman, Council for Environment Quality, US, spoke about the Asia Pacific Agreement for energy conservation signed by Australia, China, India, South Korea, Japan and the US. "Through this agreement we can provide a platform for our domestic industries such as the cement industry to share their energy saving practices. This will open up trade and reduce tariffs to install technology," said Mr Connaughton.

The Chairman of the Tamil Nadu Electricity Board, Mr Hans Raj Verma, said they would look at technology collaboration with the US to improve efficiency of coal-fired thermal power plants.

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