Govt to spend S$17m to help SMEs improve energy efficiency [News]
By Channel NewsAsia, 10 Jul 2013.
The government will set aside some S$17 million to help small and medium enterprises (SMEs) improve energy efficiency.
The initiative aims to help some 300 SMEs achieve at least 10 per cent savings in energy costs over the next three years.
Speaking at the opening of the Standards eXchange on Resource Efficiency, Minister in the Prime Minister’s Office and Second Minister for Home Affairs and Trade & Industry, S Iswaran, said, “Energy costs can constitute a significant part of our SMEs’ operating costs. Energy accounts for 13 per cent of operating costs across all manufacturing SMEs, more than 11 per cent average for all manufacturing companies in Singapore. To remain competitive and grow, our SMEs need to be smart users of energy.”
This initiative was developed by SPRING Singapore. The Sustainable Energy Association of Singapore (SEAS) will lead the initiative, with support from SPRING Singapore (SPRING), National Environment Agency (NEA) and Infocomm Development Authority of Singapore (IDA).
Mr Iswaran said the scheme will cover four key areas to help SMEs assess, monitor and improve their energy usage.
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Source: Channel NewsAsia