India’s Ministry of Power recognizes landmark C40-CCI energy efficiency project
A project developed in collaboration with C40 and the Clinton Climate Initiative (CCI) received a National Energy Conservation Award by India’s Ministry of Power last month. The project to retrofit the Inorbit Mall Malad, one of India’s largest indoor shopping malls, picked up second place for "Excellence in Energy Conservation and Management."
Inorbit Mall owner K. Raheja Corp Group (KRC) is one of the largest property developers in India and also one of the country’s strongest proponents of building energy efficiency – a commitment which started with the Inorbit Mall retrofit. Indeed, the project’s return on investment, driven by annual energy cost savings of 37 percent, led KRC to establish an exemplary energy upgrade program across its portfolio of buildings, influencing other top businesses in India to follow suit.
“Since this was one of our first building energy efficiency projects globally, we initially had a few challenges establishing its value proposition. Looking back at this now, and seeing how K. Raheja Corp has since extended its energy conservation program to many of their other buildings, and also how many other retail malls in India have followed suit, the question that comes to mind is “why didn’t we act even sooner?” said Pradeep Nair, who leads C40-CCI building energy efficiency efforts in India.