Energy-intensive firms could see returns from sustainability efforts in under 3 years: NEA [News]

August 22, 2014 by  
Filed under News

By Monica Kotwani, Channel NewsAsia, 20 Aug 2014

The National Environment Agency (NEA) says some heavy users of energy may not have to wait long to see the returns from their efforts to save energy.

This follows the agency’s initial assessment of energy reports submitted by 167 companies, which operate 211 energy-intensive industrial facilities. About 60 per cent of the energy-saving projects planned by these companies could see returns in less than three years, NEA said.

This year marks the first time heavy energy users have had to submit energy reports to NEA by the end of June, as required under the Energy Conservation Act that came into effect in 2013. These reports include information such as the fuels these facilities use, which machines use a lot of energy and the companies’ energy-saving plans over the next few years.

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Source: Channel NewsAsia

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