Policy status:In Force
Date Effective:2010
Policy Type:Economic Instruments
Policy Target:Buildings, Industry
Agency:Department of Renewable Energy, Government of Haryana (HAREDA)

This program is mainly for providing financial assistance to the industries, institutions, municipal and commercial buildings for implementation of the energy audit report for achieving higher energy efficiency. The assistance will be in the form of interest free loans against a bank guarantee of 1.25 times of the assistance for three and half years. The financial assistance would be limited to 75 percent of the cost or Rs. 20 lakh whichever is low and it would be paid back by beneficiaries to HAREDA in five instalments. The time limit for the implementation of project is nine months from the date of sanction of financial assistance. The format of the application form can be found in the attached document.

The program wants to optimize use of energy and cut down consumption by around 25% to 30%. the incentive timeframe is around 3.5 yrs. In case of default of payment of any installment, penalty @ 2% per month of the released amount will be charged. In case of delay by more than 3 months, the entire bank guarantee will be revoked without giving any further notice. 

25 Energy Efficiency Recommendations Applied:Cross-sectoral, Industry

Last modified: Mon, 02 May 2016 15:23:42 CEST