Here's our next edition of EAI Newsletter. For more news items and updates, visit our blog @ http://www.eai.in/blog and our forum @ http://www.eai.in/forum
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I am still working on the analysis of the solid waste management ecosystem in India, and it appears that it will take some more time to complete this.
I will continue with the India renewable energy updates in the meantime.
The one another thing I wanted to mention in brief was about the first EAI Club Meet ( http://www.eai.in/club ) we had in Chennai last Sunday (11 Jul). We had about folks participating in it, and it was indeed an excellent affair - much better than what I had expected. It deserves a special and detailed note, which I hope to write by end of this week. Suffice to say that the first meeting provided more than a glimpse of the enormous amount of interest among us about renewable energy and cleantech.
I am hoping that the next meetings will be even better. Will keep you filled in on the same.
EAI - Energy Alternatives India @ www.eai.in
Indian renewable energy updates in the last one week
India taps US for shale gas expertise - This should not be surprising at all, given that India is supposed to have a reasonable amount of shale gas potential. India is seeking an exclusive partnership with Washington to tap domestic shale gas reserves, a rich source of energy where the US is the global technology leader. The proposed India-US cooperation agreement in this area is expected to boost India’s efforts to produce gas from its own identified shale resources, besides finding other sources of these fine-grained sedimentary rocks - More - http://bit.ly/c5AFPy
UP municipalities face the energy test - The Bureau of Energy Efficiency, under the Union Ministry of Power, is conducting an energy audit in large municipalities of Uttar Pradesh. The exercise will cover all government buildings, street ights and sewage system. A databank will be prepared on the findings, listing the total energy requirements and the potential steps to save energy in the sectors. More - http://bit.ly/b2ryJY
Reliance eyes third shale gas deal in U.S.- papers - Indian energy major Reliance Industries is close to acquiring a stake in a shale gas asset in North America, which will be its third such buy this year, local newspapers reported. The acquisition of a 50 percent stake in the asset would be the biggest shale gas deal so far for Reliance. More - http://bit.ly/9ZhPZH
Is India too late for the Asian oil-guzzling party? - India, tired of losing bids for oil assets around the world to China - is turning to a more aggressive, state-backed approach. One wonders, however, if it's a bit late in the game. China's national oil companies outbid Indian firms in some $12.5 billion worth of contracts over the last year. New Delhi is fighting back. More - http://bit.ly/bImySs
Energy cos queue up for Canada’s oil sand assets - Canada’s oil sands are calling and India’s energy explorers are raring to go. Sources said that upstream companies including Essar Oil, ONGC Videsh and Reliance Industries are scouting for oil sand assets in northern Alberta, and have lined up investments over $1 billion each. Canada’s oil sands received attention in India when RIL was reported to be making a bid for the assets of Alberta-based Value Creation. OVL too is believed to have looked at the company, but neither could strike a deal. More - http://bit.ly/9t8yOU
Indians switch to high-priced, power-efficient air conditioners - Indian consumers have started upgrading to higher priced, but less power consuming air conditioners to snip mounting electricity bills after the government made it mandatory for appliances to be rated on energy efficiency. While some companies had introduced star rated products in India in 2007 based on their energy efficiency, the Bureau of Energy Efficiency made it mandatory for all ACs to be star rated only in January this year. More - http://bit.ly/aXiYyg
Could India’s Reliance buy BP? - On the same day that PetroChina said that it was open to ‘closer ties’ with BP, there were calls from within India for the local energy giant to put its name in the hat for a potential takeover. But could an Indian or a Chinese company really step in at BP? More - http://bit.ly/cXylok
FE Clean, IFC Invest $50M In Bhilwara Energy - The deal values the Bhilwara, which currently operates hydel power assets, at around $465 million or Rs 2,130 crore. Private equity firm FE Clean Energy and International Finance Corporation (IFC) are investing $50 million (Rs 230 crore) in Bhilwara Energy Limited (BEL) for a 10.8% stake. The deal values the Noida-based firm at around $465 million or Rs 2,130 crore. It is part of the LNJ Bhilwara Group which has diversified presence across power, electrodes and textile. The funds will be used for investing in projects in India and Nepal by Bhilwara Energy, which operates hydel power assets. More - http://bit.ly/9wczql
Market Entry Strategy for Indian Renewable Energy Industry Is your company keen on exploring the fast-growing renewable energy industry in India? Are you looking for expertise to evolve a comprehensive entry strategy for this industry? You should be talking to the EAI Consulting Team. More from here - http://www.eai.in/ref/services/ime_consulting.html