Section 4(4) in Energy Conservation (Venture Capital Fund for Energy Efficiency) Rules, 2017
(4)Each project shall meet the following criteria, namely:-(a)seek to achieve demonstrable energy savings and mitigating emissions of greenhouse gases and project sponsors or participants must offer a viable method to monitor and verify the same;(b)be a new project but shall not takeover of an existing project; and(c)use viable technologies and to be developed after energy audit or feasibility studies.
