MoU signed to promote energy efficiency, conservation plans

Posted on June 14, 2011. Filed under: Uncategorized |

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SME Leasing Limited, a subsidiary of SME Bank Limited, and SME Business Support Fund recently signed aMemorandum of Understanding, to facilitate co-operation between the parties for encouraging and promoting energy efficiency and conservation programmes in Pakistan.

Both the parties have agreed to cooperate and facilitate each other for the development of SMEs in Pakistan by creating awareness and encouraging use of fuel efficient devices and equipment through agreed means. The agreement was signed by Syed Saquib Mohyuddin, Chief Executive Officer, and SME Business Support Fund and by Mrs Arjumand A. Qazi, Chief Executive Officer, SME Leasing Limited, in a meeting held at the Main Office of SME Leasing Limited in Karachi.

SME Leasing Limited specialises in providing financial solutions to small and medium enterprises in Pakistan. The company has been a pioneer in the field and has assisted in establishing several SME5 from the start to bringing them to a sizeable and bankable entity. The company has been engaged in leasing of equipment with a view to promote the Governments’ efforts to reduce energy wastage and increase productivity.

SME Energy Efficiency (EE) and Energy Conservation (EC) Financial Solutions: Under the EE and EC financial solutions scheme SME Leasing is providing leasing facilities to SME5 to improve their productivity and reduce cost of doing business, while saving on fuel for the exchequer. The BSF programme will assist SME Leasing in identifying and researching on the industrial energy leakages and the equipment required to reduce the same, with the help of expert service providers.

SME Business Support Fund (BSF) is an autonomous body of the Ministry of Finance and a non-profit organisation formed with the objectives of assisting SMEs as well as Business Development Services Providers for improving their competitiveness and to enhance the revenue generating capacity and profitability of emerging businesses.

BSF Smart Energy Services in order to address the issue pertaining to Energy Efficiency, BSF has initiated the project BSF Smart Energy Services’ with the agenda of energy usage efficiency, creating additional energy supply at source, and to reduce the total cost of production to make SME5 globally competitive through innovation and efficiency.

BSF Smart Energy Services team is conducting preliminary survey of selected SMEs of Kot Lakhpat Industrial Estate in the pilot phase, which will be followed by the detailed energy audits. The results will then be utilised in developing detailed engineering services forsustainable energy solutions so that the set objectives of reducing the total cost of production and to make SMEs globally competitive can be successfully achieved.-PR

Copyright Business Recorder, 2011


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