Daily Archives: June 29, 2011
Got chilled milk?______
That’s the unofficial slogan for Boston-based Promethean Power Systems, a company that this month received a grant from the National Science Foundation to further develop its innovative milk refrigeration system.
Promethean’s target market is India, though it plans to expand to Africa and Latin America as soon as February. India is the world’s largest producer and consumer of milk; the country is home to some 70 million farmers who contribute to a multibillion-dollar dairy market.
Because temperatures can reach 100 degrees during peak summer months, raw milk begins to spoil within hours of collection. And India’s frequent blackouts, due to a strained power grid, make it difficult to keep milk cold enough.
Ushdev Power Holdings Pvt. plans to invest 18 billion rupees ($400 million) to add 100 megawatts of wind energy capacity annually over the next three years, Arvind Prasad, managing director of the unit, said in an interview in Mumbai.
By 2018, Ushdev Power may seek to build as much as 1,000 megawatts of renewable energy capacity, roughly equivalent to one nuclear plant, which could also include solar, hydropower and biomass plants, he said.
“We’re open to both greenfield projects and also looking at existing wind farms,” Prasad said.
India’s fragmented wind sector may undergo some consolidation as companies look to build scale, Adam Forsyth, a partner at London-based investment bank Matrix Group Ltd., said on June 1. Indian Energy Ltd. (IEL), a London-listed operator of wind farms backed by Lloyds Banking Group Plc (LLOY), said on June 1 it would sell its projects in the South Asian nation if talks with a potential investor fell through.
Mumbai-based Ushdev Power currently owns 30.5 megawatts of wind farms in six different states that use turbines made by Denmark’s Vestas Wind Systems A/S, as well as Germany’s Enercon GmbH and Kenersys GmbH, Prasad said.
The parent company is India’s largest, private trader of metals by revenue after Surana Corp. and Adani Enterprises Ltd., according to data from Capital Market magazine. It incorporated its wind unit last year, Prasad said.
The solar panels at Jantar Mantar and Safdarjung’s Tomb have helped slash the electricity bill of these Centrally protected monuments almost by half. The Archaeological Survey of India (ASI) is now thinking of expanding the initiative and installing solar panels at 11 other heritage sites in the Capital.
The panels at these two heritage sites were installed around six months ago, following an initiative of the ASI and the Ministry of New and Renewable Energy (MNRE).
The power bill for Jantar Mantar has seen a dip of Rs 5,000 per month — from monthly Rs 15,000 to Rs 10,000. At Safdarjung’s Tomb, where ASI also has an office, the bill was reduced from Rs 34,000 to Rs 25,000 per month.
The daytime load at all heritage sites includes indoor lighting and fans, ventilation, solar photovoltaic pumps for irrigation, information kiosks and supply at the ticketing counters. The night load includes LED-based flood lights, garden and outdoor lights.
IFC, a member of the World Bank Group, is working with India’s Rajasthan state to explore the state’s prospects as a solar manufacturing and power generation hub, establish research facilities, and help bring down energy costs.
IFC and Rajasthan state government are co-hosting a conference today titled, Rajasthan as a Solar Component Manufacturing Hub, that brings together policy makers, sector experts, international investors, and global and local solar manufacturing companies to share the latest insights on solar manufacturing opportunities in the state.
“Through interactions and in-depth discussions with major players, we hope to draw on their experience and network to help Rajasthan emerge as an attractive investment destination for solar manufacturing. This event is vital to understanding the needs of the private sector,” said Purushottam Agarwal, Commissioner, Bureau of Investment Promotion in Rajasthan.
Participants shared their views on incentive packages, support for infrastructure needs, identification of suitable zones for solar manufacturers, and exploring public-private partnerships to encourage solar sector development in the state.
“Rajasthan is one of the highest daily solar insulation recipients worldwide. A growing pipeline of generation projects, broad mineral base, relatively low labor cost, and a significant allied industry base are contributing to the state emerging as one of the leading markets for solar manufacturing,” said Hemant Mandal, IFC’s Senior Energy Specialist in South Asia.
Clean energy is a global strategic priority for IFC and it has led many innovative renewable energy investments in South Asia in recent years.
The conference is part of a three-year knowledge partnership between IFC and the state government to develop Rajasthan as a preferred investment location across key infrastructure sectors, helping increase employment and overall development. Ernst & Young also supports the knowledge partnership.
Rajasthan accounts for 80 percent of the total allocation made so far under India’s National Solar Mission plan. The state has assigned top priority to stepping up private investment in solar power and has already taken several steps in this direction. India announced the National Solar Mission in January 2010, with a phased implementation approach of working with state governments, policy makers, regulators, and power utilities to help establish solar energy leadership.