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Core Purpose

The Central Government, in consultation with the Bureau of Energy Efficiency, rescinds the Energy Conservation (Partial Risk Guarantee Fund for Energy Efficiency) Rules, 2016 and the Energy Conservation (Venture Capital Fund for Energy Efficiency) Rules, 2017.

Detailed Summary

This notification, G.S.R. 926(E) dated December 29, 2025, issued by the Ministry of Power, announces the Central Government's decision to rescind two sets of rules: the Energy Conservation (Partial Risk Guarantee Fund for Energy Efficiency) Rules, 2016 (notified vide G.S.R. 549(E), dated May 26, 2016) and the Energy Conservation (Venture Capital Fund for Energy Efficiency) Rules, 2017 (notified vide G.S.R. 311(E) dated March 31, 2017). This action is taken under the powers conferred by clauses (l), (m), (n) of sub-section (2) of section 13, clause (v) of sub-section (2) of section 56, and section 46 of the Energy Conservation Act, 2001 (52 of 2001), in consultation with the Bureau of Energy Efficiency. The rescission follows a review on September 11, 2025, where it was decided to close these funds, originally aimed at accelerating energy efficiency financing in India, and to rescind their rules after the dissolution of the Trust constituted for administering the funds. The Director General of the Bureau of Energy Efficiency, acting as managing trustee and Chairman, has completed the dissolution process. The notification clarifies that this rescission does not affect the validity or consequences of anything already done, or any existing rights, obligations, or liabilities.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-31122025-268960 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 840] NEW DELHI, MONDAY, DECEMBER 29, 2025/PAUSHA 8, 1947 2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] MINISTRY OF POWER NOTIFICATION New Delhi, the 29th December, 2025 G.S.R. 926(E).—Whereas in exercise of the powers conferred by clause (v) of sub-section (2) of section 56 read with clauses (1), (m) and (n) of sub-section (2) of section 13 and section 46 of the Energy Conservation Act, 2001 (52 of 2001), the Central Government, in consultation with the Bureau of Energy Efficiency, had notified vide G.S.R. 549(E), dated the 26th May 2016 the Energy Conservation (Partial Risk Guarantee Fund for Energy Efficiency) Rules, 2016 and vide G.S.R. 311(E) dated the 31st March, 2017, the Energy Conservation (Venture Capital Fund for Energy Efficiency) Rules, 2017; And whereas aim of both funds was to accelerate the energy efficiency financing in India; And whereas both the above funds were reviewed on 11th September, 2025 and it was decided to close these funds and their respective rules may be rescinded after completing the due process of dissolution of the Trust constituted for administering the fund; And whereas Director General of Bureau of Energy Efficiency as the managing trustee and Chairman of the trust, has undertaken the due process of dissolution of the Trust and has duly intimated the other Trustees. Now, therefore, in exercise of the powers conferred by clause (v) of sub-section (2) of section 56 read with clauses (1), (m) and (n) of sub-section (2) of section 13 and section 46 of the Energy Conservation Act, 2001, the Central Government, in consultation with the Bureau of Energy Efficiency, hereby rescinds the following rules, namely: - (a) The Energy Conservation (Partial Risk Guarantee Fund for Energy Efficiency) Rules, 2016; and (b) The Energy Conservation (Venture Capital Fund for Energy Efficiency) Rules, 2017. (2) This rescission shall not affect the validity, invalidity, effect or consequences of anything already done or suffered, or any right, title, obligation or liability already acquired, accrued or incurred, or any remedy or proceeding in respect thereof, or any release or discharge of or from any debt, penalty, obligation, liability, claim or demand, or any indemnity already granted, or the proof of any past act or thing. [F. No. 21/4/2019-EC] DHIRAJ KUMAR SRIVASTAVA, Chief Engineer Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. GORAKHA NATH YADAVA Digitally signed by GORAKHA NATH YADAVA Date: 2025.12.31 15:57:38 +05'30'

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