The first meeting of the BRICS Working Group on "Energy Efficiency and Energy Savings" concluded in Visakhapatnam this evening. BRICS nations have come out with a draft action plan to jointly work on research as well as technological development to promote energy saving and efficiency through a host of initiatives that could be supported by the group's development bank. <br/><br/>The draft action plan, adopted at the two-day meeting of the Working Group hosted by the Union Power Ministry and attended by about 30 delegates will be submitted for approval of the Energy Ministers of the participating countries-Brazil, Russia, India, China and South Africa later this year. The joint statement of BRICS reiterated the commitment of the Member countries to pursue cooperation in the field of energy saving and energy efficiency through joint research and technology projects; technology transfer; conferences, lectures and seminars; and exchange of experience and best practices. <br/><br/>Additional Secretary, Ministry of Power B P Pandey, who represented India in the Working Group, said the "broad elements" agreed upon included building capacities, sharing best practices and policies, developing technology, promoting energy efficiency and saving methods by business entities as well as financing of such initiatives through BRICS Development Bank. He said under the Paris Agreement, India is committed to reduce emissions by 30 to 35 per cent by the year 2030. Mr. Pandey said the Centre has also set a target of producing 160 Giga Watt of renewable energy by 2022.