The government may approve a programme -- National Mission on Enhanced Energy Efficiency --

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aimed at building Rs 74,000-crore market for energy efficient products, this week, a top government official has said.

"The National Mission on Enhanced Energy Efficiency (NMEEE) may get Cabinet approval this week," Bureau of Energy Efficiency Director General Ajay Mathur told PTI.

The government hopes to implement the scheme from April 1, 2010.

The programme (NMEEE) is one of the eight missions planned under the National Action Plan on Climate Change.

The key feature of the programme is to upscale efforts to create a market for energy efficiency products estimated to be around Rs 74,000 crore.

It would also sought to create a conducive regulatory and policy regime for fostering innovative and sustainable business models to unlock this market.

After the implementation of the programme, it is estimated that by 2015 about 23 million tonnes of oil-equivalent of fuel savings in coal, gas, and petroleum products, will be achieved every year along with an expected avoided capacity addition of over 19,000 MW.

The consequential carbon dioxide emission reduction is estimated to be 98.55 million tonnes annually.