India's Power finance corp to launch units for 'green' PJT loans | Asia and Pacific | Energetica India

India's Power finance corp to launch units for 'green' PJT loans | Asia and Pacific | Energetica India
India's Power Finance Corp (PFC, BSE:532810) said it would launch two subsidiaries for consortium lending and funding green energy projects, which would help it in a more focused growth as well as diversification."PFC will be launching two subsidiaries by April. One is for consortium lending and the other will be to fund renewable energy projects. This will be known as PFC Green Energy," said PFC's chief managing director Satnam Singh."Though financial outlays for these two proposed arms are to be finalised, we hope to make them operational by the beginning of the next fiscal year," he added.Singh said PFC will raise additional capital, to the tune of 20 per cent, within a year through an FPO and it has already sought board and shareholders approval for that.The modalities and the issue size will be decided by the power and finance ministries, Singh added.The Indian government owns 89.78 per cent in PFC, with paid-up total capital of Rs 1,147 crore, as of September 30.The Power Ministry is mulling a follow-on public offer of PFC, which could raise around Rs 6,300 crore (US$1.41 billion) by this fiscal year-end. The issue will comprise a divestment of five per cent stake held by the government, along with 10 per cent issuance of fresh equity.
"It is being discussed...," Power Secretary P. Uma Shankar had told PTI earlier this week, adding that fresh equity may be 10 per cent, with five per cent government stake sale.He said the ministry is optimistic about bringing it (FPO) by the end of the current fiscal year."The proposal is on ...we hope to bring the offer by end of this (financial) year."Meanwhile, Singh said PFC has signed an MoU with Nuclear Power Corp for debt financing, consultancy services and equity financing to Nuclear Power Corporation of India Ltd to facilitate its large capacity addition programme, late last month.On the company's interest in getting into banking, he said it is in the process of appointing a consultant for this.Under the liberalised ECB norms, PFC can raise up to US$500 million from overseas, he said. Out of this, it has already raised yen-denominated loans worth Rs 240 million and the rest US$260 million will be mopped during the rest of the fiscal year year.

Concentrator Photovoltaics Technology has Reached Commercialization | Europe | Energetica India

Concentrator Photovoltaics Technology has Reached Commercialization | Europe | Energetica India
Approximately 20 MW of Concentrator Photovoltaics (CPV) systems will be deployed in 2010 and the market is expected to reach a GW level in the next 5 years. With multiple commercial scale power plants connected to the grid in 2010, CPV technology is now ready for take-off.

Organized with the CPV Consortium as the main partner, the 1st EPIA International Conference on Concentrator Photovoltaics took place yesterday in Munich and gathered the most knowledgeable CPV experts to review all aspects of the commercial implementation of CPV solutions.

A high efficient technology entering the commercial and industrial stage

After many years of intense research activities for increasing efficiency, improving reliability and reducing the manufacturing cost, 2010 is a milestone for Concentrator Photovoltaics. Current commercial scale projects demonstrate that the technology has the highest performance in the hot and arid regions of the world. The low temperature coefficient is also crucial for the deployment of the technology in the sunniest places. The module efficiency in current power plants has reached 25-27% and is expected to grow to 30% by 2012.

CPV uses simple materials like glass, steel, silicone and very few semiconductor materials, which helps drive down cost, and all materials are used to their maximum efficiency. “CPV is really unique in a sense that it combines highest efficiencies with lowest cost of materials” stated Hansjörg Lerchenmüller, CEO of Concentrix and a Board Member of the CPV Consortium.

In addition, the technology benefits from a very light environmental footprint due to its low lifecycle CO2 intensity, high recyclability, short energy payback time, very low water consumption, and optimum use of the land.

Capitalising on all of these assets, the first CPV companies entered the commercial and industrial stage with clear support from the financial community. In 2010, many large, commercial CPV projects have been completed and grid connected. One of the speakers at the conference, Mark Crowley, CEO of SolFocus stated that, “Today, CPV has reached the stage of commercialization and is able to deliver on its promise of low-cost, reliable solar-generated electricity.”

Proven reliability in the field and long-term durability

Installation and implementation in the field can be made by the local workforce and with only a few specialists needed, allowing for the creation of local jobs and helping to contribute to the ease of operations. The technology is flexible in size, allowing for commercial installations from 1 MW to 100+ MW, and it is able to be commissioned in phases. “Today, multiple commercial scale CPV power plants world-wide are demonstrating the high reliability in the field, besides the already proven performance achieved during the certification process, which clearly indicates that CPV technology is ready for large scale deployment” said Adel El Gammal, Secretary General of the European Photovoltaic Industry Association (EPIA).

A massive potential for cost reduction

Today CPV technology is already competitive in high solar resource regions. It is anticipated that this cost will significantly drop as the industry continues to scale up and the further develop the market.

“The main message we wanted to portray is that the CPV industry is commercial and has reached the next level of installation, with the first companies completing megawatt projects” concluded Hansjörg Lerchenmüller.

Solartys signs MOU with SESI

Solartys signs MOU with SESI | Asia and Pacific | Energetica India
With the purpose of entering into the Indian solar energy market, Solartys has benefited with a direct mission in the country and the signing of a Memorandum Of Understanding (MOU) with the Solar Energy Society of India (SESI). This agreement will allow both parties to establish close collaboration for the development of joint projects and to create synergies between the industries of Spain and India.
The recent direct mission realized by the Spanish Association for the Internationalization and Innovation of Solar Companies (Solartys) to India has borne its fruits. Besides leading the participation of 13 Spanish companies, - that, with financing of ICEX and CDTI, were able to pay for an interesting agenda of meetings and interviews with the leading companies of the sector. The association has reached an agreement of collaboration with SESI. This agreement materialized with the company/signature of an MOU, on the 28th of October, which means Solartys is able to enter more effectively in the Indian market of solar energy.
SESI is the Indian section of International Solar Energy Society (ISES), a nongovernmental universal organization, founded in 1954 and established in the country in 1976. SESI counts at the moment with more than 2,000 partners, most of which work in the areas of investigation, development, production and programming.
With the company/signature of this agreement by Carlos Vivas, Secretary General of Solartys and by Mr. Ajay Prakash Shrivastava, Chief of the main directorate of SESI, both organizations contribute in the development and the creation of the solar power industry. They are committed to this end, to the maintenance of the cooperation between both countries, for the projection of their industries and implementing joint activities.
Solartys thus consolidate its presence in the solar market of India. In May 2010, Solartys had already signed an agreement of collaboration with the Indian Federation of Chamber of Commerce and Industry (FICCI) by means of which both organizations were committed to work in a joint way to facilitate the relationships between companies of both countries.

CASE GROUP - Newspaper

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CASE BI-ANNUAL CONFERENCE 2010

CASE Biannual Conference September 2010 was held at Corbett Gateway Resort, Jim Corbett, Uttaranchal. The conference was from 26-29 September 2010.

All the delegates assembled at Corporate Office on 26th morning for breakfast and outward journey to Jim Corbett.

After reaching the venue late in the afternoon everyone reported for the traditional night dances in the ethnic dress code. The best ethnic male dress prize was bagged by Mr. Rahuel George and best female ethnic dress prize was bagged by Ms. Anju Soni. Everyone enjoyed Kumauni folk dances and few even danced to the tune. Thereafter two games were played one was Encouragement Game and another one being Bajate Raho. Encouragement game prize was won by Ms. Neha Sood and Mr. Imran Ali Khan.

Next day started at 7 a.m. with adventourous activity called River Crossing. Everyone participated with full zeal and enthusiasm crossing the wild Kosi river underneath on a single rope.

After the breakfast there was a Biannual Cricket Tournament to be played of 10 overs each. Five teams participated and the final winning teams participated and the final winning team players which won in the end were RED team driven by astute & deserving captain Mr. Praveen Kumar. The major role in the final was played by Mr. Rahuel George who got 55 unbeaten runs. Dinner presided by 1 minute game which was professionally managed and conducted by Ms. Anju Soni and her team members Ms. Pooja, Mr. Himanshu Kapoor, Mr. Amit Sankla, Mr. Shivkumar. Tambola was organized and conducted by Ms. Swati Raj Saini & Ms. Meenal Arora.

Next day was kick started by opening address by Mr. Roger Kumar [ Managing Director]. It was followed by technical presentations on SKBIT, Gasifiers, Cooling towers and many more. Best technical presentation award bagged by Mr. Govind Rao of Gasifier team and Ms. Somyata of Extraminds Team. Evening was a CASE TALENT HUNT time where 13-14 teams presented culture program. The event was won by Team of Mr. Sheshnath Mishra, Ms. Meenal Arora, Mr. Praveen Kumar, Mr. Ramanjeet and Mr. Pawan.

Team of Ms Neha Sood, Ms Somyata Sharma and Mr. Sunny Dayal were second. Huge Talent was witnessed during this event which was followed by dances on the tune of DJ. Best dress award were given to Ms. Swati Raj Saini & Ridhi Jain for fancy dress.

Next day was followed by technical conference and in the afternoon it was all over to Extraminds team to give the presentations. Extraminds Portal  ( http://www.extraminds.com/Home.aspx ) was formally inaugurated by Mr. Roger Kumar which was followed by a lot of fireworks.

Evening was time for everybody to show their singing talent with guitarist and tabla player. This was followed by DJ music and wild dance by everybody. In the end, the most important awards and certificates were given to all the event winners. The exclusive Mr. CASE award for next 6 months was bagged by Mr. Sahil Chabbra for Extraminds Department. The journey back after midnight was enjoyed with melodious hindi numbers sung by everybody in the bus. The delegates reached home safely with a part of Kamoun beauty and memories lurking in everyone’s heart……..