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I will take an add if it is over nothing in fortune any day! Does not mean shit in the long run! CCTC is getting thier name out there and that says a lot!
do you have proof?
Humblehawk settle down there pal! No need to get your panties in a bunch, or cause others to worry. I called CCTC today, and spoke with a gentleman who said the PR was mistakenly taken off the website by the guy who runs the site. It should be back up soon according to the guy I spoke with. He also said everything is going forward with the Fortune issue due out on the 10th. Humbelhawk you need to get a life...
very interesting... Its probably not much. We shall see very soon.
Yep. You are right! We will enjoy some good times ahead. Have a great weekend, and get ready for some excitment my friend.
When the company sees fit to release some fireworks it will get crazy around here! I wonder what Dougs thinking is on how he will release the news, and how to squeeze those shorts... Hope Doug drops a bomb on those shorts!
Next couple of weeks should be very interesting with the Fortune Article, and hopefully news on China/India. I believe CCTC is working very hard on getting something done in the U.S. With all the recent green technology talk as of late the Fortune article couldnt come at a better time. Investlong, I enjoy hearing your insight, keep it coming... Good times ahead people just stay the course and dont let idiots try and scare you into selling. They are getting really desperate, and that tells me they are scared while they very well should be. ;)
China, EU unveil new clean energy project19:18, April 30, 2010
China and the European Union on Friday inaugurated a new cooperative project on clean energy, in a further effort to jointly tackle energy efficiency and climate change.
European Commission President Jose Manuel Barroso delivers a speech at the Tsinghua University in Beijing, capital of China, April 30, 2010. (Xinhua/Liu Weibing)
European Commission President Jose Manuel Barroso and Zhang Guobao, head of China's National Energy Administration, witnessed the inauguration of the Europe-China Clean Energy Center based in Tsinghua University.
The center will act as a platform to provide support for both Chinese and European energy sector key players, and its objective is to promote increased use of clean energy.
"The launching of the center, another flagship of our cooperation, is a major step in our common efforts to shape a more sustainable, environmental friendly and efficient energy sector," said Barroso.
"The European Union can not achieve its energy and climate change objectives alone. We want to make partnership with friends around the world...There are now very important prospects for developing many concrete projects within China and the European Union," Barroso said.
Zhang, also vice minister of China's National Development and Reform Commission, said China and the EU shared similar targets on clean energy and enjoy bright future for energy cooperation.
"As of the end of 2009, China had introduced about 30,000 technological projects from the EU, among which wind, photovoltaic and nuclear power projects account for a rather big proportion," Zhang said.
Zhang said despite the fact that China did not lag behind on clean energy development, it needed more efforts to restructure its energy sector and develop clean coal technology as coal accounted for 70 percent of China's primary energy sources.
CLOSER TIES
Energy cooperation is just one of issues Barroso is seeking to address during his first visit to China after he took the second term as European Commission president.
Barroso is visiting on the 35th anniversary of diplomatic ties between the EU and China.
"China and Europe, with great history, can make an even greater future," said Barroso in a speech in Tsinghua university.
During a press conference Friday, before his departure to Shanghai for the opening ceremony of the World Expo, Barroso also said the two sides had agreed to strengthen efforts in coping with global issues, and work together to realize "sound, stable and sustainable" global economic growth.
He described his Thursday talks with Chinese Premier Wen Jiabao as "fruitful and open", saying they had a "candid conversation" and discussed bilateral ties, global issues such as energy, climate change, security, finance and monetary affairs.
He praised Wen's Thursday meeting with EU entrepreneurs, in which Wen pledged to offer fair conditions for Chinese and EU companies, to facilitate dialogue between foreign companies and the Chinese government, and encouraged foreign investors to seek business opportunities in China's economic reform.
Barroso will attend the opening ceremony of the Shanghai World Expo, the first expo the EU will participate in outside Europe.
http://english.people.com.cn/90001/90776/90883/6969555.html
Vice President Biden Announces Recovery Act Funding for 37 Transformational Energy Research Projects
Thursday, 29 April 2010 13:30 Press Release Science and Environmental New ARPA-E projects in 17 states will accelerate innovation in clean energy technologies, increase America’s competitiveness and create jobs
Washington, DC--(ENEWSPF)--April 29, 2010. At a Recovery Act Cabinet Meeting today, Vice President Joe Biden and Secretary of Energy Steven Chu will announce that the U.S. Department of Energy is awarding $106 million in funding for 37 ambitious research projects that could fundamentally change the way the country uses and produces energy. Funded through DOE’s Advanced Research Projects Agency-Energy (ARPA-E), the $106 million is awarded to projects that could produce advanced biofuels more efficiently from renewable electricity instead of sunlight; design completely new types of batteries to make electric vehicles more affordable; and remove the carbon pollution from coal-fired power plants in a more cost-effective way.“Thanks to the Recovery Act, dozens of cutting-edge research projects with the potential to dramatically transform how we use energy in this country will now be able to get underway,” said Vice President Biden. “By investing in our top researchers, we’re not only continuing in the spirit of American innovation, but helping build a competitive American clean energy industry that will create secure jobs here at home for years to come.”
“These projects show that the U.S. can lead the next Industrial Revolution in clean energy technologies, which will help create new jobs, spur innovation and economic growth while helping to cut carbon pollution dramatically,” said Secretary Chu.
The grants will go to projects in 17 states. Of the lead recipients, 24 percent are small businesses, 57 percent are educational institutions, 11 percent are national labs, and 8 percent are large corporations. In supporting these teams, ARPA-E seeks to bring America's brightest scientists and innovators together from diverse fields to pioneer a secure and prosperous energy future for the nation. The awards are part of an overall $100 billion investment the Recovery Act is making in creating jobs and driving economic growth through innovation, science and technology.
This second round of ARPA-E-funded research projects focuses on three critical areas:
1.“Electrofuels” - Biofuels from Electricity --- Today’s technologies for making biofuels all rely on photosynthesis – either indirectly by converting plants to fuels or directly by harnessing photosynthetic organisms such as algae. This process is less than 1% efficient at converting sunlight to stored chemical energy. Instead, Electrofuels approaches will use organisms able to extract energy from other sources, such as solar-derived electricity or hydrogen or earth-abundant metal ions. Theoretically, such an approach could be more than 10 times more efficient than current biomass approaches.
Harvard Medical School (Boston, MA) - Engineering a Bacterial Reverse Fuel Cell
This project would develop a bacterium to use electricity (which could come from renewable sources like solar or wind) to convert carbon dioxide into gasoline. The bacterium would act like a reverse fuel cell: where fuel cells use a fuel to produce electricity, this bacterium would start with electricity and produce a fuel. Research projects like this one demonstrate the great potential of bringing experts from other fields like biology and medicine to address our energy challenges. This project was selected for a $4 million grant from ARPA-E.
2. Better Batteries - Batteries for Electrical Energy Storage in Transportation (“BEEST”) --- The critical barrier to wider deployment of electric vehicles is the high cost and low efficiency of today’s batteries. This ARPA-E program seeks to develop a new generation of ultra-high energy density, low-cost battery technologies for long range plug-in hybrid and all-electric vehicles. If successful, the technologies developed in this program will greatly improve U.S. energy security, spur economic growth, and reduce greenhouse gas emissions.
MIT (Cambridge, MA) - Semi-Solid Rechargeable Flow Battery
This concept represents a new type of battery that doesn’t exist today: a semi-solid flow battery that combines the best characteristics of rechargeable batteries and fuel cells. It could enable batteries for electric vehicles that are much lighter and smaller - and cheaper - than today's batteries. The cost difference is dramatic: this flow battery potentially could cost less than one-eighth of today's batteries, which could lead to widespread adoption of affordable electric vehicles. This project was selected for a $5 million grant from ARPA-E.
3. Zero-Carbon Coal: Innovative Materials & Processes for Advanced Carbon Capture Technologies (“IMPACCT”) --- Coal-fired power plants currently generate approximately 50% of the electricity in the United States. But they also produce significant carbon pollution, which could have serious consequences for climate change. This ARPA-E program aims to support revolutionary technologies to capture carbon dioxide from coal-fired power plants using a range of approaches, including solvents, sorbents, catalysts, enzymes, membranes, and gas-liquid-solid phase changes.
GE Global Research Center (Niskayuna, NY) - CO2 Capture Process Using Phase-Changing Absorbents
A GE researcher came across an exciting discovery as part of an earlier Department of Energy-funded project: a certain liquid, when it reacts with carbon dioxide, turns into a solid powder. This could lead to a much less expensive way to capture carbon dioxide from coal-fired power plants -- the carbon dioxide in the powder can be much more easily separated from the plant's flue gases than gaseous carbon dioxide can. This project was selected for a $3 million grant from ARPA-E.
This second, targeted ARPA-E solicitation was highly competitive. Over 540 initial concept papers were received in the three focus areas. Of those, approximately 180 full applications were encouraged, and 37 final awardees were selected through a rigorous review process with input from multiple review panels composed of leading U.S. science and technology experts and ARPA-E’s program directors. Evaluations were based on scientific and technical merit and the potential for high impact on our national energy and economic goals.
View the project selections announced today.
The Recovery Act was signed into law on February 17, 2009 as the country faced the greatest economic crisis in a generation. The Act was designed to create jobs and drive economic growth through a combination of tax relief for individuals and businesses, aid to hard-hit families and state and local governments and funding for science, technology and infrastructure projects across the country. The Council of Economic Advisors estimates that the Recovery Act is responsible for approximately 2.5 million jobs so far.
http://www.enewspf.com/index.php/latest-news/science-a-environmental/16066-vice-president-biden-announces-recovery-act-funding-for-37-transformational-energy-research-projects
I am liking what I am hearing from this article! Its growing each day, and CCTC will be there to capture buisness! Randall Buisness wasnt hired for nothing... Man I am feeling good!
United States Decides to Develop Clean Coal Technologies
29 April, 2010 03:19:00 Jatinder - Kaur
United States Decides to Develop Clean Coal Technologies Washington (ABC Live): Th
Infortmation tyo this effect was shared by the US Energy Secretary, Steven Chu, said on Wednesday in response to a question from Senator George Voinovich that, “I agree with you absolutely that China and India are not going to turn their back on coal, and so we have to develop the technologies that can use coal cleanly,”
“The United States, quite frankly, I don’t believe will turn its back on coal as well. So we need to develop these clean coal technologies.”
Chu said as he appeared before the Energy and Water Development Subcommittee of Senate Appropriations Committee on National Assessment of Energy Policies.
“We know darned well that even though the Sierra Club and others are shutting down new coal-fired IGCC plants in this country, China’s building them, India’s building them. In fact, India said they’re going to build the biggest coal-fired plant ever in the history of the world,” said Voinovich.
Chu said there are a number of co-ordinations at the international level going on right now.
“The Australians have set up a worldwide initiative that we’re members of. We’re in -- specifically with China there’s -- the president announced, I think it was about six months ago, a research cooperative where it’s USD 150 million in three areas: energy efficient buildings, energy efficient vehicle electrification, and clean coal technology,” he said.
“So China and the US are putting USD 25 million apiece into co-developing some clean coal technology we can both use,” he added.Chairman of the Committee, Senator Byron Dorgan said the world’s population is growing and so is the appetite for energy.
“We use almost a quarter of the world’s oil every single day. But we also know that with a growing population in the world, there are going to be hundreds of millions of people in China and India that want to find a gas station probably once a week or once every couple of weeks in the future,” he said.
Chu said leaders in China recognise that if the world continues on its current path, climate change will be devastating to China and the rest of the world.
“They also see the economic opportunity that clean energy represents. One company in China, State Grid, is investing USD 88 billion by 2020 in ultra-high-voltage transmission lines.These lines will allow China to transmit power from the huge wind and solar farms far from its cities,” he said.
“China’s also building now under construction 20 nuclear power plants, and it is playing to win in this clean energy race. For the sake of our economy, our security, and our environment, America must develop decisive policies that will allow us not only to compete in the clean energy race, but to become a leader in providing clean energy technology to the world," he said.
And what will be required is a non-partisan leadership, collaboration between Congress and the administration,” Chu said.
http://abclive.in/environment/future_energy/clean_coal_technologies_united_states.html?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+abcliveindia+%28ABC+Live-Online+News%29&utm_content=Twitter
Here is a post a few days ago from Investlong
I think if we see Doug sell shares, we go to 40c on just that. Bashers will say it is bad news, but if you look at any major company, the CEO sells right before news because he or she cannot sell on news or it would be insider trading. I want to see him sell, so I know we are good to go. From Investlong.
Doesnt that form usually come out after the close? Lets hope its a green light for us!
Can this be looked at as a good thing that tells us news is close! People have said when Doug sells it might mean news is close? What does everyone think?
Thats a great Article! Good find.
He is trying to buy more shares at the moment because he finally realized news will be right around the corner...
great post! Very well said!
Hey Stevesc, you hangin in there? News will come for us all. I am quite confident, and wish I could add more! The strong will survive!
You mean you have not bought in yet? I have called before and spoke with a nice young lady!
How do you verify a conversation? Did he tape it. LOL.
That is great news if true? What questions did yo ask, and who did you speak with?
Uh... sorry to rain on your parade here, but you are quite negative and very good at that! As far as I am concerned you are just like Funsseker, and Humblecrow in my book! JMO. Best of luck!
The Company has already signed its first major Chinese contract. More contracts and joint ventures are expected to follow around the world, including the USA. From the CCTC website.
http://www.cleancoaltechnologiesinc.com/index.php?option=com_content&task=view&id=5&Itemid=6
Then why dont you sell and move on? Go find some other stock to question? We will see soon enough where we are going! I am liking the prospects!!!
Nice post! I agree 100%.
I am hoping for a few more pennies than just one! I like your positive attitude though. News or no news, IMO we will be up again!
http://www.engineerlive.com/Power-Engineer/Focus_on_Coal/New_technologies_reduce_environmental_impacts_of_coal-fired_plants/22603/
Power Engineer - Focus On Coal 4/27/2010
New technologies reduce environmental impacts of coal-fired plants
Robert S Giglio looks at the reality of clean coal in our energy future
Coal-fired power plants play an important role in providing energy at low prices. The reality is that coal is abundant, efficient, and less expensive than most other energy options and will remain an important part of our energy future.
Coal accounts for about 50 per cent of electricity production in the US, and, as shown in Fig. 1, it remains the lowest cost energy source for US residences.
However, coal-fired plants do emit carbon dioxide (CO2), a greenhouse gas (GHG) into the atmosphere, and efforts are underway to improve coal's environmental performance so we can take full advantage of this plentiful resource.
'Clean coal technology' describes a new generation of energy processes, some currently available and others being developed, which have the ability to sharply reduce air emissions and other pollutants. These new technological breakthroughs make it possible for new and older coal-burning power plants to produce power in an economical and environmentally responsible manner.
Among the key options under development for use alone or in combination are:
- Optimising existing plants so they reduce emissions and increase the amount of electricity produced with the same amount of coal.
- Continuing to develop and refine best-available combustion technology, including circulating fluidised-bed (CFB) technology, which includes supercritical and ultra supercritical combustion. This option may also include burning biomass as a fuel, thus reducing the level of CO2 emissions, and oxy-combustion for collecting CO2-rich flue gas.
- Gasification - turning coal into a gas and removing impurities from the coal gas before it is combusted.
- Carbon capture and storage (CCS) - capturing the carbon dioxide from the flue gas and storing it underground or reusing it.
The Obama-Biden administration has stated that coal must play a part in our nation's energy strategy. The White House Energy and the Environment Agenda includes an initiative to develop and deploy clean coal technology. At his Senate confirmation hearing, Dr. Steven Chu, the Obama administration's Secretary of Energy, stated: "Coal is an abundant resource in the world. It is imperative that we figure out a way to use coal as cleanly as possible."
To stimulate the kind of innovative thinking needed to find ways to use coal cleanly, the government funds numerous research projects through the US Department of Energy (DOE) and has pledged to work towards advancing clean coal technologies.
That pledge comes in the form of government co-financing for new coal technologies that help utilities cut pollutants from power plants, and demonstrate ways to reduce GHGs by boosting efficiency. Most recently, recognising that carbon sequestration and storage (CCS) technologies hold enormous potential to reduce GHG emissions from coal-fired power plants, DOE has begun funding projects that use CCS technologies and/or beneficial reuse of carbon dioxide.
DOE is funding an initiative to equip multiple new clean coal power plants with advanced CCS technology, stating: "As technological advancements have been realized in the last five years, the United States is eager to demonstrate carbon capture and storage technology on commercial plants that when operational, will be the cleanest coal-fired plants in the world."
In addition, the DOE is also participating in a number of international CCS efforts, including projects in Canada, Germany, Australia, Algeria, and China.
It is clear that government and its industry partners place high hopes that these public-private partnerships will lead to technology breakthroughs allowing coal-fired plants to continue to provide safe, affordable energy.
Scientists and engineers in the US and abroad are conducting research and demonstration projects to prove that coal can be used to produce energy efficiently and responsibly and, in the process, provide clear evidence that clean coal can in fact play a significant role in our energy future for many years to come.
Optimising existing plants is the 'low-hanging fruit' of technologies, because it makes the best possible use of what we already have. In the United States, optimisation includes using sophisticated software to help plants reduce emissions, increase efficiency, lower costs, and improve reliability. One example is an integrated online optimisation system at a coal-fired plant located in Baldwin, Illinois, that led to a 12-14 per cent reduction in nitrogen oxide (NOx) emissions, reduction of ammonia consumption by 15-20 per cent, increase in fuel efficiency and available megawatt hours, and reduction in GHGs, mercury, and particulates.
In the developing world, where many coal-fired plants operate far below their design efficiencies because of poor quality coals, poor plant maintenance, and lack of diagnostic tools and instrumentation, optimisation programs could include implementation of low cost best practices that would save millions of tons of coal, avoid million tons of CO2 emissions, and improve the plants' financial performance. Refurbished power plants would be more efficient and emit less CO2. Plants could also be upgraded with new pollution control equipment to emit less sulphur dioxide, nitrogen oxide, particulates, and other emissions, including mercury. Although some demonstration projects have been implemented, much more work is needed in this area, because the economic and environmental payoff would be so significant.
Circulating fluidised-bed (CFB) technology is an existing available technology, already being used to burn coal and other fuels to produce energy in a clean, environmentally responsible way. CFB is a clean coal combustion platform with a unique low temperature combustion process that can burn both traditional fuels and carbon-neutral fuels, including biomass, waste coals, tires, and processed waste materials. The technology can be used to significantly reduce CO2 emissions to the atmosphere.
Unlike conventional steam generators that burn the fuel in a high-temperature flame, CFB technology does not have burners or a flame within its furnace. CFB uses fluidisation technology to mix and circulate fuel particles with limestone as they burn in a low temperature combustion process. The limestone captures the sulphur oxides as they are formed, while the low-burning temperature minimises the formation of nitrogen oxides.
The fuel and limestone particles are recycled over and over back to the process, which results in high efficiency for burning the fuel, capturing pollutants, and for transferring the fuel's heat energy into high-quality steam to produce power.
The CFB technology is now being integrated with vertical-tube, once-through unit (OTU) supercritical steam technology, which provides the best combination of features for efficient, cost effective, and environmentally responsible power production. The innovative boiler design uses BENSON vertical-tube supercritical once through steam technology for the evaporator steam circuit.
Foster Wheeler is the leader in the design and development of CFB technology and has begun to upscale its output by firing at an unmatched capacity. With more than 350 units already sold, research is now underway on an important enhancement to the basic CFB technology that will allow it to become part of a practical CCS solution. New or retrofitted coal-fired power plants could operate in oxy-combustion (carbon capture) mode, which would produce a CO2 rich flue gas that can be practically captured and stored. Costs to run in this carbon neutral oxy-combustion mode are substantially higher than normal mode, but the plants can be built in stages so power generators can defer the CCS portion of the capital investment until it is justified by market and policy conditions.
Gasification is a manufacturing process that converts any material containing carbon, including coal, into synthesis gas (also known as syngas). The syngas can be burned to produce electricity.
Research is being conducted on Integrated Gasification Combined-Cycle (IGCC) systems, in which the syngas is burned as fuel in a combustion turbine, which drives an electric generator. Exhaust heat from the combustion turbine is recovered and used to boil water, creating steam for a steam turbine-generator.
The use of these two types of turbines together (combined cycle) is one reason why gasification-based power systems can achieve high power generation efficiencies. Research suggests that future IGCC systems may achieve efficiencies approaching 45 per cent, and the goal is to achieve efficiencies as high as 60 per cent. By comparison, a conventional coal-based boiler plant that uses only a steam turbine-generator is typically limited to efficiencies of 33-40 per cent, although it may achieve 45 per cent or better under some conditions.
Higher efficiencies mean that less fuel is used to generate the rated power, resulting in lower costs and the formation of fewer greenhouse gases. For example, a 60 percent-efficient gasification power plant could cut the formation of carbon dioxide by 40 per cent, compared to a typical coal combustion plant.
Carbon capture and storage (CCS) means separation and capture of CO2 from fossil fuel-fired power plants and the recovery of a concentrated stream of that CO2 that can be transported by pipeline and stored, in either an underground formation, or the sea bed. Most research efforts are focused on systems for capturing CO2 from coal-fired power plants because they are the largest stationary sources of CO2.
CCS technologies include post-combustion (captures CO2 from power plant flue gases), pre-combustion (widely used in fertilizer manufacturing and in hydrogen production without any CCS) and oxy-fuel combustion (still in the demonstration phase, but showing great potential because recycling the flue gas through the boiler concentrates the CO2 level in the flue gas, making it easier to separate the CO2.)
According to the DOE's National Energy Technology Laboratory: "CCS technologies, if commercialized and widely deployed, would allow us to continue using fossil fuels in tandem with the existing energy infrastructure ... As we continue to use current fossil energy sources for years to come, we need ways to control CO2 emissions for the energy systems we're using ... By attacking the problem from several fronts - energy conservation, expanded use of renewables, as well as CO2 emission controls including CO2 capture and sequestration, on existing and new systems - we have the best chance at reducing GHGs while maintaining a strong economy, which requires energy at a reasonable cost."
Despite the many commendable efforts taking place to develop sustainable forms of power generation, coal and other solid fuels are likely to remain an essential part of the nation's energy picture for many years to come. As one of the nation's lowest-cost electric power sources for the foreseeable future, coal will remain a necessary and important part of US energy production. The nation is turning to clean coal technologies as a way of making use of this abundant and available resource in the most environmentally responsible way possible. New coal technology promises to balance environmental and economical concerns, while continuing to satisfy our growing world with energy output.
Great minds think alike!lol I can see something like that happening. Doug wants to see the PPS climb just as much or more than we do! Timing is everything!!!
I wonder if Doug already has a deal done, but it wating for the right time to release the info that might have some relation to the fortune article....? Or maybe he is trying to set up a 1-2 punch with the PRs to set a flame under CCTC's arse? Hmmmm... Just a thought!
Only the strong will survive!
whats not looking good? Dont sell now!
India emerges as key investment area for clean energy funds
Posted: Tue, Apr 27 2010. 12:09 AM ISTMoney Matters
India emerges as key investment area for clean energy funds
Olympus Capital, other firms bet on clean tech; environment concerns expected to become a mainstream trendShrija Agrawal
Mumbai: Middle-market private equity firm Olympus Capital Holdings Asia is betting big on the clean technology space in India, a market with seemingly insatiable energy demand.
The firm led the $55 million (Rs243.65 crore) round of funding for Orient Green Power Co. Ltd, a renewable energy firm that filed for regulatory approval last week to raise Rs900 crore in an initial share sale. Olympus has a $250 million regional environment fund. “About 40-50% of this fund would be invested in India,” said Frederick J. Long, founding managing director of Olympus Capital. That would mean four-five investments in India over the life of the fund.
Long, who is based in Hong Kong and travels to India at least once a month, is betting that because countries such as India face greater environmental challenge, they offer attractive investment opportunities in the clean-tech space, including waste management, water treatment, energy efficiency and renewable energy such as wind, solar, biomass and hydel power. Clean-tech?firms also derive benefits from government incentives.
Like Olympus, several other specialist or pure-play clean-tech funds are also targeting the potentially vast and lucrative opportunity in the Indian alternative energy space as India struggles with a chronic power deficit and environmental worries.
Climate Change Capital Ltd, a UK-based investment group that manages funds with $1.5 billion of commitments, according to its website, wants to put money in carbon-embedded assets and buy carbon credits in projects. Investor interest is increasing in clean development projects that have the potential to generate carbon credits, or the value assigned to a cut in greenhouse gas emissions by a company or a project. The range of investments will vary depending upon the value of “embedded carbon” in the projects.
Also See Green Brigade (Graphic)
Another firm eyeing the low-carbon economy is FE Clean Energy Group Inc., a private equity firm focusing on investment in energy efficiency services. The firm has invested in a hydel power project in Karnataka that will provide electricity to industrial gas supplier Praxair India Ltd and in energy services firm Elpro Energy Dimensions Pvt. Ltd.
The International Finance Corporation (IFC), an arm of the World Bank, committed an investment in Azure Power India Pvt. Ltd, a provider of solar energy. IFC invested $25 million in Bhilwara Energy Ltd and up to $10 million in Auro Mira Energy Co. Pvt. Ltd, a renewable energy-focused firm.
While all the specialized clean energy funds aiming to invest in clean energy solutions are global offshoots, they are targeting India as their key area for investment. “India will see maximum allocations owing to its high growth,” says Nakul Zaveri, senior investment officer, Climate Change Capital. Also, as Chaitanya Kale, partner, Ernst and Young, says, “This space is hugely policy driven and some of the incentives by the government are encouraging for investors and companies pursuing this as new lines of businesses.”
In its annual budget, the Union government said it plans to levy a tax on the use of coal and use the money to start a national clean?energy fund to back renewable energy projects. Besides, there are wind energy incentives, including a provision for 80% accelerated depreciation in the first year, a 10-year tax holiday, an income-tax waiver on power sold to utilities and favourable tariffs.
India offers several subsidies for solar power systems, such as solar lanterns and home lighting systems, and generation-based incentives of up to Rs12 per kilowatt-hour for power plants. For small hydropower projects, there are concessions on customs duty, a 10-year tax holiday and other state-level incentives, including sales and electricity tax exemptions and preferential tariffs. Even general domestic private equity funds have been drawn to clean energy.
For instance, BTS Investment Advisors Ltd is planning to raise a new fund focused on clean energy. It will look at proven business models in wind energy, biomass, hydropower, energy efficiency, etc., and is targeting a corpus of $100-125 million.
Aloe Private Equity is looking to make two deals per year and invest between $5 million and $25 million in areas such as waste management, water and recycling, according to co-founder Vivek Tandon, who is betting on environmental concerns becoming a mainstream trend. “All investments will need to take into account the impact a company has on the environment. The trend of investing in environmentally aware and sound businesses will become mainstream,” says Tando
http://www.livemint.com/2010/04/27000126/India-emerges-as-key-investmen.html
http://www.treehugger.com/files/2010/04/what-are-the-top-10-coal-burning-countries-in-world.php?campaign=th_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+treehuggersite+%28Treehugger%29
What Are The Top 10 Coal-Burning Countries on the Planet? Who's #1?
by Michael Graham Richard, Ottawa, Canada on 04.26.10
Science & Technology
Buzz up!
Photo: Public domain
Total World Coal Consumption in 2008: 7,238,207,000 Short Tons!
When it comes to global warming and air pollution, coal is enemy #1. We were curious to know which countries burned the most, so we compiled a list of the top 10 coal-burning countries in the world based on the latest statistics from the U.S. Energy Information Administration (EIA). We chose not to use per capita numbers because the atmosphere doesn't care about that; in the end, all that matters is absolutely numbers. Do you know who's #1? Could you guess most of the list?
#10 South-Korea 112,843 thousand short tons
#9 Poland 149,333 thousand short tons
#8 Australia 160,515 thousand short tons
#7 South Africa: 193,654 thousand short tons
#6 Japan: 203,979 thousand short tons
#5 Russia: 269,684 thousand short tons
#4 Germany: 269,892 thousand short tons
#3 India: 637,522 thousand short tons
#2 USA: 1,121,714 thousand short tons
#1 China: 2,829,515 thousand short tons
Danger! World Coal Consumption is Going Up Rapidly
According to the EIA numbers, between 2004 and 2008, total world consumption of coal went from 6,259,645,000 to 7,238,208,000 short tons. That's a 15.6% increase of the most carbon-intensive kind of fuel in just 4 years. Ouch.
According to the U.S. Department of Energy:
Carbon dioxide (CO2) forms during coal combustion when one atom of carbon (C) unites with two atoms of oxygen (O) from the air. Because the atomic weight of carbon is 12 and that of oxygen is 16, the atomic weight of carbon dioxide is 44. Based on that ratio, and assuming complete combustion, 1 pound of carbon combines with 2.667 pounds of oxygen to produce 3.667 pounds of carbon dioxide. For example, coal with a carbon content of 78 percent and a heating value of 14,000 Btu per pound emits about 204.3 pounds of carbon dioxide per million Btu when completely burned. Complete combustion of 1 short ton (2,000 pounds) of this coal will generate about 5,720 pounds (2.86 short tons) of carbon dioxide.
CCTC to the rescue!!!
Hope yo dont miss the train leaving the station... It could open up a lot higher any day this week! GL
How much longer are you with CCTC? 3 more weeks?
Power companies to import 35 million tonnes of coal New Delhi, April 26, 2010
The government has advised power companies to import 35 million tonnes of coal during the current financial year to tide over supply shortages.
“In order to bridge the shortfall in indigenous coal availability, power utilities have been advised to import 35 million tonnes of coal,” Minister of State for Power Bharatsinh Solanki on Monday said in the Rajya Sabha.
The total dry fuel required for plants using indigenous coal is 440 million tonnes and for the ones using imported coal is 12 million tonnes.
“In addition 12 million tonnes coal is also required to be imported during the current fiscal to meet the requirement of power projects designed on imported coal,” Mr. Solanki said.
Country’s largest power generator NTPC, which has a total coal requirement of about 145—150 million tonnes this fiscal, would import 14 million tonnes.
State—run Coal India Ltd would also import four million tonnes of coal for NTPC during the fiscal.
Meanwhile, Coal Ministry has allocated 97 captive coal blocks for power projects of state and central utilities and independent power producers.
You Still have a stake in CCTC? Have not heard from ya in a while!
pretty decent volume today! Its been real quiet here on the board... Party is just about to begin! Right Shakerzzz?
Sounds like a plan! lol. I wish I had some funds to buy more! GL buddy!