The Danish Wind Industry Association has just published the annual industry statistics for 2008 which show that the industry last year had a 5.7 billion Euros export of wind technology and had 28,400 employed in the sector at the end of 2008. Thus 2008 was again a record year for the wind industry and it is now among the biggest export industries in Denmark.
Since then the financial crisis has turned the "world upside down" - and 2009 looks far more bleak than just a few months ago.
Growth Boom
- 2008 was a good year for the industry and we are very happy and proud of the fine result which shows that the wind industry had a total export of 5.7 billion Euros, says Jan Hylleberg, CEO of the Danish Wind Industry Association.
The wind industry's high export figures correspond to a growth of approx. 20 pct. compared to 2007, where the industry exported a total of 4.7 billion Euros of Danish wind turbine technology abroad. This means that the wind power industry exports amounted to 7.2 pct. of the total Danish exports in 2008.
- It went well for the export of Danish energy technology and it went particularly well for the wind industry's exports in 2008 as it accounted for more than 70 pct. of the total Danish exports of energy technology, notes Jan Hylleberg and continues:
- It is particularly derived from the fact that Danish suppliers are increasingly exporting components and services to foreign producers. The Danish producers have been global for years. Now the Danish suppliers are greatly after it and it is a trend I think we will continue to see.
We want to preserve the red-white lead
The Danish wind turbine industry is the world's wind hub and the center for knowhow of wind energy. But if this position and the resulting high export must be maintained, there are two main challenges that must be met.
- The wind industry has an urgent need to test and demonstrate its technology in Denmark. It is therefore crucial for the industry's future, that there are the right places for testing prototypes and enough of them very soon, says Jan Hylleberg and adds:
- We also hope that there will soon be a renewed long term political focus when it comes to planning for renewable energy towards 2020. We need the support for the Danish development of wind power to be reconfirmed and translated into concrete planning so that our industry again can show the newest and best technologies at work on Danish soil as an integral and effective part of the Danish energy supply, and last but not least, wind turbines are essential in order for Denmark to realize its EU renewable energy targets.
The wind industry trade statistics show that by the end of 2008 there were more than 28,400 employees in the wind energy industry. In 2007, 23,500 were employed in the industry and thus employment in the industry has increased 20.9 percent.
The global financial crisis and a lower than expected market growth; however, has meant that the industry has been forced to adjust production capacity in Denmark and therefore the number of employees. The Danish Wind Industry Association estimates against this background that there will be approx. 26,000 employees in the industry at the end of the second quarter 2009.
- We hope and believe that the Danish wind industry at present has made the necessary adjustments to the number of employees, however if the market will not recover again soon, it might be necessary to adapt the work force even more" ends Jan Hylleberg.
Turnover: National turnover rose to 7.2 billion Euros in 2008 against 5.7 billion Euros in 2007.
Increase of nearly 1.5 billion Euros or 26 percent.
Turnover: Global sales rose to 11.4 billion Euros in 2008 against 8.8 billion Euros in 2007.
Increase of 2.6 billion Euros or 29 percent.
Export: Exports rose to 5.7 billion Euros in 2008 against 4.7 billion Euros in 2007.
Increase of 1 billion Euros or 20 percent.
Employment: Employment rose to 28,400 employees by the end of 2008 from 23,500 employees in 2007.
Increase of 4,900 employees or 20.9 percent.
Employment today: about 26,000 by the end of the second quarter 2009.
Increase of 2500 employees compared to 2007 or about. 11 percent.
Source : RBN
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Monday, 25 May 2009
Saturday, 16 May 2009
ONGC to step up investment in non-conventional energy sources
Hyderabad, May 13 Oil and Natural Gas Corporation Ltd (ONGC) is in the process of stepping up investments in the next two-three years to tap into the huge non-conventional energy sources, while focusing on extracting more out of new shallow and existing deepwater wells.
The Director (Exploration), ONGC, Dr D.K. Pande, told Business Line that the work on exploiting coal bed methane (CBM), gas hydrates and coal gasification, along with wind and solar energy sources, will see an initial investment of about Rs 500 crore.
“In fact, once we finalise a contract, we will be able to sell CBM,” Mr Pande said.
“The Rs 500-crore investment will cover solar energy and possibly uranium extraction. While the Jharia mines will produce CBM, the gas hydrates project is being taken up in partnership with IIT, Kharagpur,” he explained.
Asked if work on deepwater wells had slowed down, Dr Pande said: “Availability of rigs has been a major constraint. We expect to firm up rigs during the year and begin work in the deepwater wells of Cauvery basin, Krishna-Godavari basin, Andaman and in the Konkan region in Kerala. We expect to speed up work at Cambay and in Assam.” “Significantly, according to estimates, there is huge untapped potential in the shallow and marginal wells. While ensuring that the existing wells sustain their production, the focus will be on tapping into shallow water wells,” he said.
While the CBM production is likely to be about 5,000 cubic metres, the gas hydrates project will be operational within two years.
Work is also under way for the underground coal gasification project in Rajasthan wherein ONGC is spending up to Rs 100 crore. In partnership with Schlumberger in Dehradun, he said the project mandate covers shared gas.
Referring to the potential to tap solar and wind energy, Dr Pande said that the corporation is generating 15 MW at Mangalore and is working on a solar energy project.
Energy consumption
Earlier, delivering a lecture on Hydrocarbon Exploration Riding Technology Wave at the National Geophysical Research Institute, Dr Pande said that the energy consumption patterns are poised for major changes over the next three decades. Dr Pande said new 4D seismic surveys combined with visualisation facility will help expedite exploration work.
Source : BL
The Director (Exploration), ONGC, Dr D.K. Pande, told Business Line that the work on exploiting coal bed methane (CBM), gas hydrates and coal gasification, along with wind and solar energy sources, will see an initial investment of about Rs 500 crore.
“In fact, once we finalise a contract, we will be able to sell CBM,” Mr Pande said.
“The Rs 500-crore investment will cover solar energy and possibly uranium extraction. While the Jharia mines will produce CBM, the gas hydrates project is being taken up in partnership with IIT, Kharagpur,” he explained.
Asked if work on deepwater wells had slowed down, Dr Pande said: “Availability of rigs has been a major constraint. We expect to firm up rigs during the year and begin work in the deepwater wells of Cauvery basin, Krishna-Godavari basin, Andaman and in the Konkan region in Kerala. We expect to speed up work at Cambay and in Assam.” “Significantly, according to estimates, there is huge untapped potential in the shallow and marginal wells. While ensuring that the existing wells sustain their production, the focus will be on tapping into shallow water wells,” he said.
While the CBM production is likely to be about 5,000 cubic metres, the gas hydrates project will be operational within two years.
Work is also under way for the underground coal gasification project in Rajasthan wherein ONGC is spending up to Rs 100 crore. In partnership with Schlumberger in Dehradun, he said the project mandate covers shared gas.
Referring to the potential to tap solar and wind energy, Dr Pande said that the corporation is generating 15 MW at Mangalore and is working on a solar energy project.
Energy consumption
Earlier, delivering a lecture on Hydrocarbon Exploration Riding Technology Wave at the National Geophysical Research Institute, Dr Pande said that the energy consumption patterns are poised for major changes over the next three decades. Dr Pande said new 4D seismic surveys combined with visualisation facility will help expedite exploration work.
Source : BL
Elecon Engg to invest Rs 100 cr in windmill biz,expects 20% growth
Ahmedabad, May 15 Elecon Engineering Company Ltd, leading materials handling equipment, industrial gears and transmission products manufacturer, said it expected to grow by 20 per cent with sales target of Rs 1,150 crore, including around 8 per cent from exports, in 2009-10.
Elecon’s average growth over the last three fiscals was 32 per cent.
The company is investing nearly Rs 100 crore in the windmill gear business and foraying into manufacturing 1-2 MW capacity wind mill gear boxes as an import substitute, said Mr Prayasvin Patel, Chairman and Managing Director of the Vallabh Vidyanagar-based company, here. The company is also developing a wind farm at Narayan Sari in Kutch where it has bought land.
However, the wind energy business being a risky proposition due to unpredictability of wind, dependability on subsidies and other factors, this endeavour would continue to be only a part of Elecon’s business.
“We don’t want to become a major player in the wind mill business,” he added.
As on March 31, 2009, Elecon Engineering, which leads its sector with 26 per cent market share, had an order book of Rs 200 crore, including Rs 24 crore from international companies while its unexecuted order value was Rs 1,627 crore. Export order booking and invoicing target for gear division during 2009-10 is around Rs 90 crore and Rs 50 crore, respectively.
The company has received business-related inquiries worth Rs 3,000 crore.
Currently it is manufacturing two large marine gear boxes for the Indian Navy’s ambitious first indigenously-made aircraft carrier at Cochin Shipyard with delivery expected in the next six months.
In 2008-09, the company’s sales revenues were Rs 955.06 crore (Rs 826.43 crore). Its PAT was down to Rs 57.45 crore (Rs 67 crore) due to high interest rates and volatility of foreign exchange market, among other factors. The company is paying 75 per cent dividend, as in the last fiscal, Mr Patel added.
Source : BL
Elecon’s average growth over the last three fiscals was 32 per cent.
The company is investing nearly Rs 100 crore in the windmill gear business and foraying into manufacturing 1-2 MW capacity wind mill gear boxes as an import substitute, said Mr Prayasvin Patel, Chairman and Managing Director of the Vallabh Vidyanagar-based company, here. The company is also developing a wind farm at Narayan Sari in Kutch where it has bought land.
However, the wind energy business being a risky proposition due to unpredictability of wind, dependability on subsidies and other factors, this endeavour would continue to be only a part of Elecon’s business.
“We don’t want to become a major player in the wind mill business,” he added.
As on March 31, 2009, Elecon Engineering, which leads its sector with 26 per cent market share, had an order book of Rs 200 crore, including Rs 24 crore from international companies while its unexecuted order value was Rs 1,627 crore. Export order booking and invoicing target for gear division during 2009-10 is around Rs 90 crore and Rs 50 crore, respectively.
The company has received business-related inquiries worth Rs 3,000 crore.
Currently it is manufacturing two large marine gear boxes for the Indian Navy’s ambitious first indigenously-made aircraft carrier at Cochin Shipyard with delivery expected in the next six months.
In 2008-09, the company’s sales revenues were Rs 955.06 crore (Rs 826.43 crore). Its PAT was down to Rs 57.45 crore (Rs 67 crore) due to high interest rates and volatility of foreign exchange market, among other factors. The company is paying 75 per cent dividend, as in the last fiscal, Mr Patel added.
Source : BL
Thursday, 5 March 2009
India`s Suzlon gets order for 80 turbines in China
Indian wind turbine maker Suzlon Energy Ltd said yesterday a unit had secured an order to supply 80 wind turbines in China with total power generation capacity of 100 megawatts.
The company did not disclose financial details of the transactionVietnam, Russia to enhance auditing tiesThe Russian Audit Chamber (RAC) is willing to cooperate with its counterpart in Vietnam to enhance auditing cooperation, citing the chamber`s chairman.Sergei Vadimovich Stepashin, chairman of RAC made the remarks when meeting with Vietnamese President Nguyen Minh Triet.Courtesy:Macau Daily Times
Source: PETROLEUM BAZAAR
The company did not disclose financial details of the transactionVietnam, Russia to enhance auditing tiesThe Russian Audit Chamber (RAC) is willing to cooperate with its counterpart in Vietnam to enhance auditing cooperation, citing the chamber`s chairman.Sergei Vadimovich Stepashin, chairman of RAC made the remarks when meeting with Vietnamese President Nguyen Minh Triet.Courtesy:Macau Daily Times
Source: PETROLEUM BAZAAR
Saturday, 28 February 2009
Welcome to Wind Power Asia 2009 - Excelling with Wind Power
The Wind Power Asia (WPA) was first launched in 2003 with 47 exhibitors and only 1,500 sqm floor space; yet, the exhibition has received tremendous success over the past few years.
With the strong support from the China Bureau of Energy of the National Development and Reform Commission (NDRC), the Department of High and New Technology Development and Industrialization of the Ministry of Science and Technology of China; with many other international partners including the Danish Wind Energy Group and Invest in Denmark China; demonstrating the steady growth of the WPA exhibition.
Until 2008, the WPA exhibition has extended to over 23,000 sqm, with more than 296 exhibitors and 10,890 professional visitors from 41 different countries and regions.
The WPA event is now become Asia's largest and most influential wind power exhibition.
For More details: http://www.windpowerasia.com/
Clean Energy Expo China -2009
With the strong support from the China Bureau of Energy of the National Development and Reform Commission (NDRC), the Department of High and New Technology Development and Industrialization of the Ministry of Science and Technology of China; with many other international partners including the Danish Wind Energy Group and Invest in Denmark China; demonstrating the steady growth of the WPA exhibition.
Until 2008, the WPA exhibition has extended to over 23,000 sqm, with more than 296 exhibitors and 10,890 professional visitors from 41 different countries and regions.
The WPA event is now become Asia's largest and most influential wind power exhibition.
For More details: http://www.windpowerasia.com/
Clean Energy Expo China -2009
GE to double wind turbine deliveries to China
General Electric Co. has indicated about its plans to double wind turbine deliveries in China over the next two years.
This projection has been filed by the Shanghai Daily.
GE’s environmental product campaign head Steve Fludder noted GE hopes to increase wind turbine shipments to 320 units in 2009, up from 159 units of last year. The company also aims to double the amount to 600 units by 2010.
China, the fifth-largest producer of wind power, may buoy GE’s renewable-energy sales after larger markets in the US and Europe were hurt by the global credit crunch, Fludder reportedly said.
Last month, A-Power Energy Generation Systems and GE Drivetrain Technologies, a unit of GE Transportation, announced two Letters of Intent, one for GE to supply A-Power with 2.7 MW wind turbine gearboxes, beginning in 2010, and the second to establish a Joint Venture partnership for a wind turbine gearbox assembly plant. The joint venture will bring a multi-megawatt gearbox capacity to China and serve as GE Drivetrain Technologies’ Southeast Asia manufacturing center from which it will serve its customers in the region beginning mid-2010.
This projection has been filed by the Shanghai Daily.
GE’s environmental product campaign head Steve Fludder noted GE hopes to increase wind turbine shipments to 320 units in 2009, up from 159 units of last year. The company also aims to double the amount to 600 units by 2010.
China, the fifth-largest producer of wind power, may buoy GE’s renewable-energy sales after larger markets in the US and Europe were hurt by the global credit crunch, Fludder reportedly said.
Last month, A-Power Energy Generation Systems and GE Drivetrain Technologies, a unit of GE Transportation, announced two Letters of Intent, one for GE to supply A-Power with 2.7 MW wind turbine gearboxes, beginning in 2010, and the second to establish a Joint Venture partnership for a wind turbine gearbox assembly plant. The joint venture will bring a multi-megawatt gearbox capacity to China and serve as GE Drivetrain Technologies’ Southeast Asia manufacturing center from which it will serve its customers in the region beginning mid-2010.
Wednesday, 18 February 2009
Navajo Wind Energy Secures Additional 200 MW Project Site in China
Navajo Wind Energy Corp. (the "Company" and formerly Caliber Energy Inc.) (Pink Sheets: CLBN), today is pleased to announce that it has secured a new 200 MW wind site located in Xinjiang, China. This site is situated on 6,200 acres and is in an area with proven, high-energy wind speeds. Previous testing indicates a mean average annual wind speed in excess of 11 meters per second or over 25 miles per hour, capable of generating net operating capacity factors in excess of 50 percent.
The Xinjiang Project is the second announcement of many new acquisitions that Navajo Wind Energy is currently developing as part of the previously announced "China Initiative."
China's rapidly growing demand for renewable energy and the scarcity of viable wind farm sites to create the available supply, positions Navajo Wind Energy uniquely in this competitive market place through the utilization of the Company's expertise and industry contacts.
Barry Doyle, CEO states, "There was tremendous competition from the largest players in the investment banking and energy industries to acquire this exact piece of property. Navajo Wind's access to proprietary information dating back to the 1990s allowed the Company to seize this opportunity several weeks before our competition. We are extremely proud of this accomplishment."
Navajo Wind Energy is currently conducting environmental studies to complete the permitting process.
About Navajo Wind Energy
Navajo Wind Energy Corp. is a renewable energy company focused on the development of more than 500 megawatts of clean wind energy to drive its future revenues and growth. The Company is pursuing significant opportunities to provide clean wind power to the growing demand in China. With the key acquisition of wind farm and power trading company Guangzhou Jianianxiang Co. Ltd, Navajo will become one of only a few companies licensed to trade electrical power in and outside of China.
SOURCE: Navajo Wind Energy Corp.
=======================
Thanks : EC
The Xinjiang Project is the second announcement of many new acquisitions that Navajo Wind Energy is currently developing as part of the previously announced "China Initiative."
China's rapidly growing demand for renewable energy and the scarcity of viable wind farm sites to create the available supply, positions Navajo Wind Energy uniquely in this competitive market place through the utilization of the Company's expertise and industry contacts.
Barry Doyle, CEO states, "There was tremendous competition from the largest players in the investment banking and energy industries to acquire this exact piece of property. Navajo Wind's access to proprietary information dating back to the 1990s allowed the Company to seize this opportunity several weeks before our competition. We are extremely proud of this accomplishment."
Navajo Wind Energy is currently conducting environmental studies to complete the permitting process.
About Navajo Wind Energy
Navajo Wind Energy Corp. is a renewable energy company focused on the development of more than 500 megawatts of clean wind energy to drive its future revenues and growth. The Company is pursuing significant opportunities to provide clean wind power to the growing demand in China. With the key acquisition of wind farm and power trading company Guangzhou Jianianxiang Co. Ltd, Navajo will become one of only a few companies licensed to trade electrical power in and outside of China.
SOURCE: Navajo Wind Energy Corp.
=======================
Thanks : EC
Tuesday, 6 January 2009
Karnataka, BHEL speed up 3 power projects
Bangalore, Jan. 5 In a bid to speed up the capacity to meet the steep demand for energy, the Karnataka Government has advanced the development of three power projects (of 660 MW each) in collaboration with the Bharat Heavy Electricals during the 11th Five-Year Plan period itself against its original decision to take them up in 12th Plan.
The three projects would be located at Edlapur and Yeramaraus in Raichur district. Yeramaraus would have two projects of 660 MW each. The Government would be signing MoUs with BHEL in Delhi on January 12. It will also be entering into a separate MoU on the same day with the National Thermal Power Corporation for setting up a 4,000-MW thermal power project at Kudigi in Bijapur district, said the Minister for Energy, Mr K.S. Eshwarappa.
Addressing a press conference here on Monday, he said the details and cost of the three projects would be announced after the MoU was signed. He said KPCL (Karnataka Power Corp Ltd) and BHEL would invest 26 per cent each in the projects. Boards of BHEL and KPCL had given their approvals for the projects, he added.
KPCL would be setting up a Special Purpose Vehicle with BHEL to implement the projects, said the Principal Secretary, Energy, Mr K. Jairaj. The State would be negotiating for obtaining 3,000 MW of power supply form the mega project for its own use.
Mr Eshwarappa said the Government has also decided to set up 270 MW hydro electricity project at an estimated cost of Rs 600 crore at Shivanasamudra.
The proposal would be placed before the next Cabinet meeting.
Source : The Hindu - BL
The three projects would be located at Edlapur and Yeramaraus in Raichur district. Yeramaraus would have two projects of 660 MW each. The Government would be signing MoUs with BHEL in Delhi on January 12. It will also be entering into a separate MoU on the same day with the National Thermal Power Corporation for setting up a 4,000-MW thermal power project at Kudigi in Bijapur district, said the Minister for Energy, Mr K.S. Eshwarappa.
Addressing a press conference here on Monday, he said the details and cost of the three projects would be announced after the MoU was signed. He said KPCL (Karnataka Power Corp Ltd) and BHEL would invest 26 per cent each in the projects. Boards of BHEL and KPCL had given their approvals for the projects, he added.
KPCL would be setting up a Special Purpose Vehicle with BHEL to implement the projects, said the Principal Secretary, Energy, Mr K. Jairaj. The State would be negotiating for obtaining 3,000 MW of power supply form the mega project for its own use.
Mr Eshwarappa said the Government has also decided to set up 270 MW hydro electricity project at an estimated cost of Rs 600 crore at Shivanasamudra.
The proposal would be placed before the next Cabinet meeting.
Source : The Hindu - BL
Wednesday, 31 December 2008
CBE Industries against Power Holiday
Coimbatore, Dec. 30 Industries in Coimbatore have planned to flood the Government and the State electricity board (TNEB) with telegrams asking them not to go ahead with the plan to enforce two-days-a-week power holiday but to resort to reduction in power cut to save the industries that were already reeling under the impact of severe power shortage and demand recession.
There are also indications that the industries might approach the Tamil Nadu Electricity Regulatory Commission (TNERC) against the decision of the Government since it is TNERC that has the authority to take a decision on such issues and if necessary, the industries may also seek judicial intervention.
Major industry associations in Coimbatore and large HT consumers have been called to attend a meeting at Coimbatore today evening by the Indian Chamber of Commerce and Industry (ICCI), Coimbatore, to discuss the issue and consider steps to be taken in case the TNEB notifies its decision on power holiday likely to take effect from January 1.
Speaking to Business Line, Mr Mahendra Ramdas, President, ICCI, said due to TNEB’s proposal to enforce power holiday and four hours power stoppage every day, the industries would not be able to get a reduction in Maximum Demand (MD) charges now available to them due to the power cut being enforced officially.
It is feared that the quantum of power available to the LTCT and LT consumers would also come down sharply and the proposed system would only aggravate the difficulties faced by the industries due to recession.
He said the industries in Coimbatore would consider various options available including appealing to the TNERC for a reconsideration of the TNEB’s decision on imposing a power holiday which would have to be borne by the industry in addition to the four hour peak hour restriction on drawal of grid power, making the cumulative impact of the power holiday very severe.
Replying to a question on what options the industries would consider, he said the members of the ICCI and other industry associations would send telegrams today to the Chief Minister and Electricity Minister and the TNEB officials urging them to drop the proposal for power holiday, which would have a crippling impact on the industry. Instead the board should come out with a reduction in power cut.
Mr Ramdas said the associations, if need be, also would seek judicial intervention. A meeting of the industry associations and large HT consumers has been called at Coimbatore this evening to take stock of the situation arising out of Government’s plan to enforce power holiday and consider the possible responses to any such decision.
Mr K. Elango, President, Coimbatore District Small Industries Association (Codissia), said very little time was given to the industrialists who attended the meeting to discuss the power situation at Chennai on Monday with their members and come out with their views. He said a lot of details have to be gone through before the industries could firm up their opinion.
He said a major question was how the decision on power holiday would be implemented and how it would be enforced to ensure compliance. Another major problem was how industries that were sourcing power from private power producers to meet the shortfall in grid supply would be able to cope with the new situation. At present, because of the 40 per cent power cut and the 4 hour peak hour power shutdown and two hour load shedding, the industries were able to assess the deficit in power availability and are able to source additional power from private power producers to meet the shortfall.
But this may not be easy once the power holiday is introduced for two days a week and there could also be difficulties in sorting out the labour problems because of frequent changes in working days/holidays which would have an unsettling effect on running the industries. He said it was the TNERC which has the authority to take decision on such policy issues and hinted the industries would appeal to TNERC once an announcement on power holiday is made.
Mr J. James, Coimbatore District President, Tamil Nadu Association of Cottage and Micro Enterprises (TACT), feared that the new plan would have a crippling impact even on the barely surviving micro and small enterprises and wanted the power cut to be scrapped. Appeals have been sent to the Chief Minister and Electricity Minister in this regard.
Source : BL
There are also indications that the industries might approach the Tamil Nadu Electricity Regulatory Commission (TNERC) against the decision of the Government since it is TNERC that has the authority to take a decision on such issues and if necessary, the industries may also seek judicial intervention.
Major industry associations in Coimbatore and large HT consumers have been called to attend a meeting at Coimbatore today evening by the Indian Chamber of Commerce and Industry (ICCI), Coimbatore, to discuss the issue and consider steps to be taken in case the TNEB notifies its decision on power holiday likely to take effect from January 1.
Speaking to Business Line, Mr Mahendra Ramdas, President, ICCI, said due to TNEB’s proposal to enforce power holiday and four hours power stoppage every day, the industries would not be able to get a reduction in Maximum Demand (MD) charges now available to them due to the power cut being enforced officially.
It is feared that the quantum of power available to the LTCT and LT consumers would also come down sharply and the proposed system would only aggravate the difficulties faced by the industries due to recession.
He said the industries in Coimbatore would consider various options available including appealing to the TNERC for a reconsideration of the TNEB’s decision on imposing a power holiday which would have to be borne by the industry in addition to the four hour peak hour restriction on drawal of grid power, making the cumulative impact of the power holiday very severe.
Replying to a question on what options the industries would consider, he said the members of the ICCI and other industry associations would send telegrams today to the Chief Minister and Electricity Minister and the TNEB officials urging them to drop the proposal for power holiday, which would have a crippling impact on the industry. Instead the board should come out with a reduction in power cut.
Mr Ramdas said the associations, if need be, also would seek judicial intervention. A meeting of the industry associations and large HT consumers has been called at Coimbatore this evening to take stock of the situation arising out of Government’s plan to enforce power holiday and consider the possible responses to any such decision.
Mr K. Elango, President, Coimbatore District Small Industries Association (Codissia), said very little time was given to the industrialists who attended the meeting to discuss the power situation at Chennai on Monday with their members and come out with their views. He said a lot of details have to be gone through before the industries could firm up their opinion.
He said a major question was how the decision on power holiday would be implemented and how it would be enforced to ensure compliance. Another major problem was how industries that were sourcing power from private power producers to meet the shortfall in grid supply would be able to cope with the new situation. At present, because of the 40 per cent power cut and the 4 hour peak hour power shutdown and two hour load shedding, the industries were able to assess the deficit in power availability and are able to source additional power from private power producers to meet the shortfall.
But this may not be easy once the power holiday is introduced for two days a week and there could also be difficulties in sorting out the labour problems because of frequent changes in working days/holidays which would have an unsettling effect on running the industries. He said it was the TNERC which has the authority to take decision on such policy issues and hinted the industries would appeal to TNERC once an announcement on power holiday is made.
Mr J. James, Coimbatore District President, Tamil Nadu Association of Cottage and Micro Enterprises (TACT), feared that the new plan would have a crippling impact even on the barely surviving micro and small enterprises and wanted the power cut to be scrapped. Appeals have been sent to the Chief Minister and Electricity Minister in this regard.
Source : BL
Suzlon acquires Martifer's tranche
Mumbai, Dec. 30
Suzlon Energy Ltd on Tuesday announced the acquisition of the first tranche of Martifer Group's stake in REpower for euro 65 million. The transaction takes Suzlon's holding in REpower to 73.71 per cent. Suzlon already holds 91 per cent voting rights in REpower through an existing agreement with Martifer.
Suzlon and the Martifer earlier this month had entered into an agreement on a revised payment schedule for Martifer's 22.4 per cent stake in REpower. According to the new terms, Suzlon acquires the stake in three tranches by payment of ?65 million in December, ?30 million in April, 2009, and the final tranche of ?175 million in May 2009, which will take Suzlon's ownership level to approximately 91 per cent in REpower.
Source : The Hindu - BL
Suzlon Energy Ltd on Tuesday announced the acquisition of the first tranche of Martifer Group's stake in REpower for euro 65 million. The transaction takes Suzlon's holding in REpower to 73.71 per cent. Suzlon already holds 91 per cent voting rights in REpower through an existing agreement with Martifer.
Suzlon and the Martifer earlier this month had entered into an agreement on a revised payment schedule for Martifer's 22.4 per cent stake in REpower. According to the new terms, Suzlon acquires the stake in three tranches by payment of ?65 million in December, ?30 million in April, 2009, and the final tranche of ?175 million in May 2009, which will take Suzlon's ownership level to approximately 91 per cent in REpower.
Source : The Hindu - BL
Saturday, 27 December 2008
Cabinet gives go ahead for an integrated energy policy
NEW DELHI: The Union Cabinet on Friday gave its nod to the integrated energy policy that seeks to chart out a roadmap for energy security to achieve sustainable growth over a reasonable period.
The policy, prepared by the Planning Commission, is aimed at optimal exploitation of domestic energy resources while exploring and acquiring assets abroad to attain energy security for the country.
Briefing the media here after the Cabinet meeting, Home Minister P. Chidambaram said: “India needs to sustain an economic growth of at least nine per cent over the next 25 years if it is to eradicate poverty and meet its larger human development goals”. For this purpose, “it is necessary to evolve an integrated energy policy that provides a coherent framework of policy covering different energy sources in a consistent manner,” he said.
Among other things, the policy objective is to make energy markets more competitive through market-determined energy pricing and resource allocation along with transparent and targeted subsidy disbursal and improved efficiency. It also calls for appropriate energy pricing to promote investment in augmenting supplies.
While giving its approval, the Cabinet has also taken care to ensure that the policy is actually executed. “It has been decided to set up a monitoring committee under the chairmanship of the Cabinet Secretary for reviewing the progress of implementation of the policy,” Mr. Chidambaram said.
The integrated policy’s broad vision is to meet the demand for energy services throughout the country reliably with safe, clean and convenient energy at least cost. The policy has suggested that energy security can be ensured by augmenting the domestic energy resource base and maintaining reserves equivalent to 90 days of oil imports.
Also, building a strategic stockpile of nuclear fuel and acquiring energy assets abroad would play a role in ensuring energy security, it said.
As for taxes and subsidies, the policy has maintained that tax structures and the regulatory philosophy for the sector should provide a level-playing field to players, whether public or private while stressing that the subsidies should be transparent and targeted to the intended beneficiaries.
For public sector undertakings (PSUs) engaged in the energy sector, the policy has advocated autonomy and full accountability to ensure incentives for investment through their own resources and improvement in efficiency.
Turning to specific energy sources, the policy has pitched for phased adjustment of domestic-to-trade parity prices for petroleum products over a relatively short period. For coal, it said that prices should be left to the market.
For natural gas, however, the policy’s trade parity principles are altogether different as the fuel requires substantial investment in pipeline or, alternatively, in liquefaction, cryogenic shipping and re-gasification.
The price of natural gas, it says, can be determined through competition among different producers where multiple sources are available in a competitive supply-demand balance.
Source : The Hindu
The policy, prepared by the Planning Commission, is aimed at optimal exploitation of domestic energy resources while exploring and acquiring assets abroad to attain energy security for the country.
Briefing the media here after the Cabinet meeting, Home Minister P. Chidambaram said: “India needs to sustain an economic growth of at least nine per cent over the next 25 years if it is to eradicate poverty and meet its larger human development goals”. For this purpose, “it is necessary to evolve an integrated energy policy that provides a coherent framework of policy covering different energy sources in a consistent manner,” he said.
Among other things, the policy objective is to make energy markets more competitive through market-determined energy pricing and resource allocation along with transparent and targeted subsidy disbursal and improved efficiency. It also calls for appropriate energy pricing to promote investment in augmenting supplies.
While giving its approval, the Cabinet has also taken care to ensure that the policy is actually executed. “It has been decided to set up a monitoring committee under the chairmanship of the Cabinet Secretary for reviewing the progress of implementation of the policy,” Mr. Chidambaram said.
The integrated policy’s broad vision is to meet the demand for energy services throughout the country reliably with safe, clean and convenient energy at least cost. The policy has suggested that energy security can be ensured by augmenting the domestic energy resource base and maintaining reserves equivalent to 90 days of oil imports.
Also, building a strategic stockpile of nuclear fuel and acquiring energy assets abroad would play a role in ensuring energy security, it said.
As for taxes and subsidies, the policy has maintained that tax structures and the regulatory philosophy for the sector should provide a level-playing field to players, whether public or private while stressing that the subsidies should be transparent and targeted to the intended beneficiaries.
For public sector undertakings (PSUs) engaged in the energy sector, the policy has advocated autonomy and full accountability to ensure incentives for investment through their own resources and improvement in efficiency.
Turning to specific energy sources, the policy has pitched for phased adjustment of domestic-to-trade parity prices for petroleum products over a relatively short period. For coal, it said that prices should be left to the market.
For natural gas, however, the policy’s trade parity principles are altogether different as the fuel requires substantial investment in pipeline or, alternatively, in liquefaction, cryogenic shipping and re-gasification.
The price of natural gas, it says, can be determined through competition among different producers where multiple sources are available in a competitive supply-demand balance.
Source : The Hindu
Suzlon’s rights issue gets nod
NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Friday approved Suzlon Energy’s plan to raise Rs. 1,800 crore via allotment of shares to the existing shareholders, including NRIs, through a rights issue, which the wind power major has apparently suspended.
Source : The Hindu
Source : The Hindu
Tuesday, 9 December 2008
UNEP Risoe Centre launches publication on a reformed CDM
Since the Kyoto Protocol entered into force in 2005, the CDM has developed very rapidly with more than 4000 projects in the pipeline and a further 120 new projects entering the pipeline every month.
At the same time, the CDM has encountered a number of challenges and weaknesses, including unequal distribution of projects, concerns about environment integrity, and the lack of technology transfer, complex governance procedures, and questions about the CDM’s contribution to sustainable development.
Perspectives 2008 - A Reformed CDM – including new Mechanisms for Sustainable Development tries to answer the question “Where to from here?”
“This second edition of Perspectives explores how the CDM can be improved as negotiators prepare for a post 2012 climate agreement,” says Karen Olsen, Editor of Perspectives and researcher at UNEP Risø Centre.
Perspectives presents diverse insights on reforming and reinforcing the CDM in a post-2012 climate regime from 17 leading actors in the rapidly developing carbon market.
The goal of compiling these views is to better inform the decisions of professionals and policy makers in the lead-up to the Copenhagen COP and beyond.
“The success of the CDM has demonstrated the value of carbon markets as one tool to achieve internationally agreed political targets, but there are still concerns to be addressed and new mechanisms for sustainable development to be considered, “Jørgen Fenhann, co-editor and senior researcher, says.
The challenge being most discussed now is how to build off the existing CDM to create a much greater participation from developing countries post 2012 that can help them substantially transit to a development path free of damaging carbon emissions. It is suggested that one way forward is that the CDM move from a project-based level, to a sector or programme-based level.
Perspectives includes thirteen papers exploring four key issues:
Sustainable development and equity
• Implications for the Development Dividend in a post-2012 regime
• Towards transformational change for SD in Brazil
• Perspectives from Africa
• Ethical and development perspectives on governance
Institutional reform
• Assessment of the experience and expectations for the future
• How to improve the existing CDM institutional set up – a governance perspective
• Procedural changes to increase supply
• Promoting technology transfer and developed country financing of CDM projects
Expansion of project categories
• Finance for sustainable urban transport
• Scaling up energy efficiency
Scaling up mitigation
• Sector no-lose targets for developing countries
• The role of LULUCF including REDD in a post 2012-regime
• Replicable business models for programmatic CDM toscale up emission reductions
Perspectives 2008 - a reformed CDM – including new Mechanisms for Sustainable Development is available at: www.uneprisoe.dk and www.cd4cdm.org
At the same time, the CDM has encountered a number of challenges and weaknesses, including unequal distribution of projects, concerns about environment integrity, and the lack of technology transfer, complex governance procedures, and questions about the CDM’s contribution to sustainable development.
Perspectives 2008 - A Reformed CDM – including new Mechanisms for Sustainable Development tries to answer the question “Where to from here?”
“This second edition of Perspectives explores how the CDM can be improved as negotiators prepare for a post 2012 climate agreement,” says Karen Olsen, Editor of Perspectives and researcher at UNEP Risø Centre.
Perspectives presents diverse insights on reforming and reinforcing the CDM in a post-2012 climate regime from 17 leading actors in the rapidly developing carbon market.
The goal of compiling these views is to better inform the decisions of professionals and policy makers in the lead-up to the Copenhagen COP and beyond.
“The success of the CDM has demonstrated the value of carbon markets as one tool to achieve internationally agreed political targets, but there are still concerns to be addressed and new mechanisms for sustainable development to be considered, “Jørgen Fenhann, co-editor and senior researcher, says.
The challenge being most discussed now is how to build off the existing CDM to create a much greater participation from developing countries post 2012 that can help them substantially transit to a development path free of damaging carbon emissions. It is suggested that one way forward is that the CDM move from a project-based level, to a sector or programme-based level.
Perspectives includes thirteen papers exploring four key issues:
Sustainable development and equity
• Implications for the Development Dividend in a post-2012 regime
• Towards transformational change for SD in Brazil
• Perspectives from Africa
• Ethical and development perspectives on governance
Institutional reform
• Assessment of the experience and expectations for the future
• How to improve the existing CDM institutional set up – a governance perspective
• Procedural changes to increase supply
• Promoting technology transfer and developed country financing of CDM projects
Expansion of project categories
• Finance for sustainable urban transport
• Scaling up energy efficiency
Scaling up mitigation
• Sector no-lose targets for developing countries
• The role of LULUCF including REDD in a post 2012-regime
• Replicable business models for programmatic CDM toscale up emission reductions
Perspectives 2008 - a reformed CDM – including new Mechanisms for Sustainable Development is available at: www.uneprisoe.dk and www.cd4cdm.org
Thursday, 4 December 2008
Oil falls to lowest in more than three years
4-Dec-2008
NEW YORK — Crude oil fell to the lowest price in more than three years on signs the US, the world’s largest energy consumer, may be in the longest slump since the Second World War. Courtesy:Bloomberg
Fuel demand has dropped as the US economy slowed. The US first entered a recession in December last year, the panel of economists that dates American business cycles said yesterday. Prices are also lower because Organisation of Petroleum Exporting Countries (Opec) ministers put off debate on a second cut in output in as many months during a meeting last week.
Source: PETROLEUM BAZAAR
NEW YORK — Crude oil fell to the lowest price in more than three years on signs the US, the world’s largest energy consumer, may be in the longest slump since the Second World War. Courtesy:Bloomberg
Fuel demand has dropped as the US economy slowed. The US first entered a recession in December last year, the panel of economists that dates American business cycles said yesterday. Prices are also lower because Organisation of Petroleum Exporting Countries (Opec) ministers put off debate on a second cut in output in as many months during a meeting last week.
Source: PETROLEUM BAZAAR
Wednesday, 3 December 2008
Vestas to supply 100 wind turbines for Thanet offshore wind farm
Vestas Wind Systems has received an order to supply 100 units of its V90-3MW wind turbine for installation at the Thanet offshore wind farm, 11.3km offshore from Foreness Point in the Thames Estuary on the easternmost part of the Kent coastline in the UK. The order has been placed by Vattenfall Wind Power.
The order comprises design, supply, construction, testing and commissioning of the 100 wind turbines as well as a five-year operation and maintenance contract. Vattenfall is responsible for foundations, offshore and onshore cables with substations and offshore installation vessels.
Delivery of the turbines is expected to take place during 2009 and 2010, and installation of the wind power plant will take place in 2010.
Anders Dahl, head of Vattenfall wind power, said: "As Vestas is one of the world leaders within wind power manufacturing, we feel very confident in choosing Vestas to supply turbines for the Thanet offshore wind farm. Being one of the first Round 2 projects to be built, it is of utmost importance that the Thanet wind farm becomes a success and it is our firm conviction that the agreement with Vestas helps to ensure the commitment needed to make this a reality."
Source : Energy Central News
The order comprises design, supply, construction, testing and commissioning of the 100 wind turbines as well as a five-year operation and maintenance contract. Vattenfall is responsible for foundations, offshore and onshore cables with substations and offshore installation vessels.
Delivery of the turbines is expected to take place during 2009 and 2010, and installation of the wind power plant will take place in 2010.
Anders Dahl, head of Vattenfall wind power, said: "As Vestas is one of the world leaders within wind power manufacturing, we feel very confident in choosing Vestas to supply turbines for the Thanet offshore wind farm. Being one of the first Round 2 projects to be built, it is of utmost importance that the Thanet wind farm becomes a success and it is our firm conviction that the agreement with Vestas helps to ensure the commitment needed to make this a reality."
Source : Energy Central News
Monday, 1 December 2008
Petrol price cut by Rs 9, diesel by Rs 4
1-Dec-2008
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) Sunday evening announced Rs 9 to Rs 13.5 per litre reduction in petroleum products with immediate effect. This is the third relief measure in real terms since November, fixing petrol price at Rs 57.66 per litre, diesel at Rs 48 per litre, HOBC at Rs 72.08 and kerosene oil at Rs 51.87.
The decision of decreasing petrol prices by Rs 9 per litre, kerosene oil by Rs 5 and high-speed diesel by Rs 4 will be applied with immediate effect. Prices of High Octane Blendin Component (HOBC) have also been reduced by Rs9 per litre. Likewise, the prices of Light Diesel Oil (LDO) have also been reduced by Rs5 per litre. The new prices of High Speed Diesel (HSD) after reduction of Rs4 per litre will be notified by the respective oil marketing companies.
The government had reduced the POL prices on November 15 and November 1 earlier this month. Experts say it will help reduce inflation in the country for which the Sate Bank had also increased the discount rate to 15 per cent.
Courtesy:The News
Source: PETROLEUM BAZAAR
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) Sunday evening announced Rs 9 to Rs 13.5 per litre reduction in petroleum products with immediate effect. This is the third relief measure in real terms since November, fixing petrol price at Rs 57.66 per litre, diesel at Rs 48 per litre, HOBC at Rs 72.08 and kerosene oil at Rs 51.87.
The decision of decreasing petrol prices by Rs 9 per litre, kerosene oil by Rs 5 and high-speed diesel by Rs 4 will be applied with immediate effect. Prices of High Octane Blendin Component (HOBC) have also been reduced by Rs9 per litre. Likewise, the prices of Light Diesel Oil (LDO) have also been reduced by Rs5 per litre. The new prices of High Speed Diesel (HSD) after reduction of Rs4 per litre will be notified by the respective oil marketing companies.
The government had reduced the POL prices on November 15 and November 1 earlier this month. Experts say it will help reduce inflation in the country for which the Sate Bank had also increased the discount rate to 15 per cent.
Courtesy:The News
Source: PETROLEUM BAZAAR
Tuesday, 18 November 2008
Suzlon Energy to make foray into solar power
Sites identified in Rajasthan and Gujarat
Current order book at Rs. 15,000 crore
=====================================================
Drops plans to invest in tower manufacturing
=====================================================
NEW DELHI: Leading wind power equipment maker Suzlon Energy on Monday announced its plans to venture into the solar energy sector.
Talking to newsmen on the sidelines of the ongoing India Economic Summit here, Suzlon Energy chairman and Managing Director, Tulsi R. Tanti said this would be in addition to the plans for tapping the wind power potential in the country.
The company, he said, had already identified sites in Rajasthan and Gujarat for setting up solar energy power plants stating that only 10 acres of land was required for one MW of solar power generation.
However, Mr. Tanti refused to spell out any financial details of the company for investment in this sector.
The current order book of Suzlon Energy stands at Rs. 15,000 crore for projects worth 2,500 MW. In the current scenario, Suzlon Energy is the biggest player in the wind turbine business in Asia and the fifth-largest worldwide.
With headquarters in Pune, it has several manufacturing sites in India including Puducherry, Daman, Bhuj and Gandhidham and abroad in mainland China, Germany and Belgium.
In view of the global economic slowdown and anticipated cuts in investments and expansion plans, the company could defer its recruitment plans till the end of the current fiscal.
The company had dropped plans to invest in new tower manufacturing facility and accordingly the total capex plan would stand reduced by Rs. 669 crore.
Source : The Hindu
Current order book at Rs. 15,000 crore
=====================================================
Drops plans to invest in tower manufacturing
=====================================================
NEW DELHI: Leading wind power equipment maker Suzlon Energy on Monday announced its plans to venture into the solar energy sector.
Talking to newsmen on the sidelines of the ongoing India Economic Summit here, Suzlon Energy chairman and Managing Director, Tulsi R. Tanti said this would be in addition to the plans for tapping the wind power potential in the country.
The company, he said, had already identified sites in Rajasthan and Gujarat for setting up solar energy power plants stating that only 10 acres of land was required for one MW of solar power generation.
However, Mr. Tanti refused to spell out any financial details of the company for investment in this sector.
The current order book of Suzlon Energy stands at Rs. 15,000 crore for projects worth 2,500 MW. In the current scenario, Suzlon Energy is the biggest player in the wind turbine business in Asia and the fifth-largest worldwide.
With headquarters in Pune, it has several manufacturing sites in India including Puducherry, Daman, Bhuj and Gandhidham and abroad in mainland China, Germany and Belgium.
In view of the global economic slowdown and anticipated cuts in investments and expansion plans, the company could defer its recruitment plans till the end of the current fiscal.
The company had dropped plans to invest in new tower manufacturing facility and accordingly the total capex plan would stand reduced by Rs. 669 crore.
Source : The Hindu
Thursday, 13 November 2008
Industrial growth slips to 4.8%
NEW DELHI: It was a poor show by the manufacturing sector yet again that pulled down the industrial growth rate to 4.8 per cent in September from a much healthier seven per cent growth notched up in the same month last year.
Surprisingly, however, while experts tended to analyse the index of industrial production (IIP) data released here on Wednesday as a clear signal of an economic slowdown to correct, which would require a fiscal stimulus along with a further cut in key rates by the Reserve Bank of India, Finance Minister P. Chidambaram dubbed the growth figures as ‘encouraging,’ especially when compared to the dismal performance in August.
As for the first six months of the current fiscal, the industrial growth rate stands halved at 4.9 per cent as compared to 9.5 per cent during April-September 2007-08.
In a statement, Mr. Chidambaram viewed that the IIP data for September were encouraging, mainly because the overall growth for the month was significantly higher than the provisional estimate of 1.3 per cent and the subsequently revised figure of 1.42 per cent.
Source : The Hindu
Surprisingly, however, while experts tended to analyse the index of industrial production (IIP) data released here on Wednesday as a clear signal of an economic slowdown to correct, which would require a fiscal stimulus along with a further cut in key rates by the Reserve Bank of India, Finance Minister P. Chidambaram dubbed the growth figures as ‘encouraging,’ especially when compared to the dismal performance in August.
As for the first six months of the current fiscal, the industrial growth rate stands halved at 4.9 per cent as compared to 9.5 per cent during April-September 2007-08.
In a statement, Mr. Chidambaram viewed that the IIP data for September were encouraging, mainly because the overall growth for the month was significantly higher than the provisional estimate of 1.3 per cent and the subsequently revised figure of 1.42 per cent.
Source : The Hindu
Fund crunch hits green energy projects globally
More than a fourth of the proposed green energy capacity investments planned worldwide have been either stalled or suspended due to lack of funds as a result of the ongoing global financial crisis, according to Remi Erikssen, chief executive officer of DNV Energy, part of Norway-based DNV, a global risk-management solutions provider for various industries.
India has emerged as a beneficiary of green energy projects and has 30 per cent of the world’s clean development mechanism (CDM) projects — where companies in developed world can earn carbon credits by investing in green projects in developing countries like India.
"At present, green energy projects are facing severe fund crunch and I reckon the ongoing crisis may deepen in near future for pipeline projects,” said Erikssen, whose company has validated 40 per cent of CDM projects in India. “Projects planned under CDM have also been impacted by the crisis," he added.
Around 1,200 projects are being implemented under the CDM at an estimated investment of Euro 3.6-4 billion. Of this, 360 projects are in India.
"Delay in projects mean cost-escalation and they should meet the timelines," he told Business Standard in Mumbai on Monday.
China accounts for 35 per cent of the carbon credits, followed by India with 24 per cent. India has another 200 projects in the pipeline, and at this point of time it is clear how many of these projects may run into rough weather, said N R Krishnakumar, director of operations, India and West Asia, DNV.
CDM is an arrangement under the Kyoto Protocol, which allows industrialised countries to invest in developing countries to reduce emissions in developing countries, as an alternative to more expensive emission reductions in their own countries. It is supervised by an executive board and is under the guidance of the Conference of the Parties (COP/MOP) of the United Nations Framework Convention on Climate Change (UNFCCC).
Under CDM, Certified Emission Reductions (CERs) or carbon credits are issued which can be traded by those who earn the credits.
Source : BS
India has emerged as a beneficiary of green energy projects and has 30 per cent of the world’s clean development mechanism (CDM) projects — where companies in developed world can earn carbon credits by investing in green projects in developing countries like India.
"At present, green energy projects are facing severe fund crunch and I reckon the ongoing crisis may deepen in near future for pipeline projects,” said Erikssen, whose company has validated 40 per cent of CDM projects in India. “Projects planned under CDM have also been impacted by the crisis," he added.
Around 1,200 projects are being implemented under the CDM at an estimated investment of Euro 3.6-4 billion. Of this, 360 projects are in India.
"Delay in projects mean cost-escalation and they should meet the timelines," he told Business Standard in Mumbai on Monday.
China accounts for 35 per cent of the carbon credits, followed by India with 24 per cent. India has another 200 projects in the pipeline, and at this point of time it is clear how many of these projects may run into rough weather, said N R Krishnakumar, director of operations, India and West Asia, DNV.
CDM is an arrangement under the Kyoto Protocol, which allows industrialised countries to invest in developing countries to reduce emissions in developing countries, as an alternative to more expensive emission reductions in their own countries. It is supervised by an executive board and is under the guidance of the Conference of the Parties (COP/MOP) of the United Nations Framework Convention on Climate Change (UNFCCC).
Under CDM, Certified Emission Reductions (CERs) or carbon credits are issued which can be traded by those who earn the credits.
Source : BS
Wednesday, 5 November 2008
Consumer Rights and Welfare - India
Consumer is the real deciding factor for all economic activities. It is now universally accepted that the extent of consumer protection is a true indicator of the level of progress in a nation. The growing size and complexity of production and distribution systems, the high level of sophistication in marketing and selling practices and forms of promotion like advertising, etc has contributed to the increased need for consumer protection. Recognising this, a well placed organisational set up has been created both at the Central and State level. At the central, Department of Consumer Affairs, under Ministry of Consumer Affairs, Food and Public Distribution is the nodal organisation for the protection of rights of consumers, redressal of consumer grievances and promotion of standards of goods and services, etc.
The Consumer Protection Act, 1986 is the most important legislation enacted to provide for effective safeguards to consumers against various types of exploitations and unfair dealings, relying on mainly compensatory rather than a punitive or preventive approach. The Act has set up a three-tier quasi-judicial consumer disputes redressal machinery at the National, State and District levels, for expeditious and inexpensive settlement of consumer disputes. It also postulates establishment of Consumer Protection Councils at the Central and State levels for the purpose of spreading consumer awareness.
The Weights and Measures Unit, under the Department of Consumer Affairs has been set up to promote use of exact and correct weighing and measuring instruments. Bureau of Indian Standards (BIS) has been set up under Bureau of Indian Standards Act, 1986 as the National Standards Body of India. It is engaged in formulation of quality standards of goods or services as well as their certification through Quality Certification Schemes.
Further, Consumer Welfare Fund has been set up to provide financial assistance for promoting and protecting the welfare of the consumers. As a part of the initiative of the fund, the Centre for Consumer Studies (CCS) at the Indian Institute of Public Administration (IIPA) has been set up to facilitate in-depth action research in the area of consumer protection and education.
The success of spreading consumer movement in the country would depend upon the level of consumer vigilance about their rights and responsibilities.
Read More on Business Portal of Inida
The Consumer Protection Act, 1986 is the most important legislation enacted to provide for effective safeguards to consumers against various types of exploitations and unfair dealings, relying on mainly compensatory rather than a punitive or preventive approach. The Act has set up a three-tier quasi-judicial consumer disputes redressal machinery at the National, State and District levels, for expeditious and inexpensive settlement of consumer disputes. It also postulates establishment of Consumer Protection Councils at the Central and State levels for the purpose of spreading consumer awareness.
The Weights and Measures Unit, under the Department of Consumer Affairs has been set up to promote use of exact and correct weighing and measuring instruments. Bureau of Indian Standards (BIS) has been set up under Bureau of Indian Standards Act, 1986 as the National Standards Body of India. It is engaged in formulation of quality standards of goods or services as well as their certification through Quality Certification Schemes.
Further, Consumer Welfare Fund has been set up to provide financial assistance for promoting and protecting the welfare of the consumers. As a part of the initiative of the fund, the Centre for Consumer Studies (CCS) at the Indian Institute of Public Administration (IIPA) has been set up to facilitate in-depth action research in the area of consumer protection and education.
The success of spreading consumer movement in the country would depend upon the level of consumer vigilance about their rights and responsibilities.
Read More on Business Portal of Inida
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