ICICI Bank 2011 Annual Report Download - page 50
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5. Clean technology initiatives
ICICI Bank’s Technology Finance Group (TFG) implements multilateral programmes on behalf of the Government
of India in the areas of collaborative research and development, energy, environment and healthcare. TFG’s
initiatives include efforts to attract and channel private financing into cleaner technologies, to create public-
private partnerships to mitigate greenhouse gas emissions through energy efficiency and to promote sustainable
development.
TFG assisted the introduction of environmental management codes (ISO 14000) in India. It supported clean coal
concepts like coal washeries and coal bed methane for the first time in India. TFG supported the development
of the first electric passenger car in India, currently being exported to several countries. It also supported the
introduction of municipal shared savings concept through the energy service company (ESCO) route, which
help save expenditure for street lighting and water pumping. Another significant initiative was the introduction
of green ratings for buildings (which helps save energy, water and emissions) through the establishment of
Confederation of Indian Industry’s Green Business Centre.
In fiscal 2011, TFG in collaboration with leading institutes, has assisted various projects in the areas of solar
energy, nuclear energy and drug discovery. This includes assistance to The Energy Resource Institute (TERI) for
its project to build capacities of select laboratories for promoting sustainable development in energy efficiency.
The laboratories would be equipped with capabilities for developing biomass energy systems, decentralised
electricity solutions, waste material characterisation and solar power systems. The laboratories will also promote
energy efficiency in the industry through various means including certification of solar lighting products.
Promoting Inclusive Growth
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