GLG News by Mr. Himadri Banerji, Chairman and Managing Director
GLG News is now G+ Insights
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US Nuclear Renaissance:Construction Cycle Risk Obama's Loan Guarantee
March 7, 2010
In the late 1970s and early 1980s, several nuclear power plant construction projects experienced major problems related to design and construction quality. Long timelines in the project construction cycles made many utilities going broke. Even before the nuclear renaissance can really take off, one has to examine whether utilities , contractors and designers have gained from the knowledge from the mistakes of the past period with changes in the quality of design and construction methods.
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Global Warming to Global Greening: Beijing Calling!
March 7, 2010
It is reported that China accounted for 72 percent of the global IPO proceeds raised in 2009, Almost half the companies that went public in cleantech last year were in China, with 11 IPOs in the fourth quarter alone raising a record combined $3.1 billion.The largest cleantech IPO of 2009 was China Longyuan Electric Power Group which raised $2.23 billion on the Hong Kong exchange. China Huaneng Group, the country's largest power producer is to raise $1 billion from a Hong Kong IPO this year.
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National Solar Mission; The Final Frontiers From Innovative India
March 5, 2010
Ministry of Non Conventional resources has just published on 5th march 2010 the Draft Guidelines for Selection of New Grid Connected Solar Projects under Phase 1 of Jawaharlal Nehru National Solar Mission (JNNSM) It has invited comments from readers (if any suggestions kindly email to( please see link) latest by 26th March 2010)
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Indian Budget 2010: Positive Vibes and Steel Springs Forward
February 27, 2010
Tata Steel posts Q3 consolidated profit; outlook improves | www.livemint.com
The steel sector's weakness over the past two years has been a stark reminder of its cyclical nature. From 2003 through 2007, the industry had record-breaking production, profits and expansion. However, the global recession affected it severely. In background of this Tata steel's stellar performance in the third quarter signals a spring back for the global steel industry. Stimulus funding and the positive vibes of the Indian Budget 2010 will advance the recovery and growth of this sector.
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Chinese Solar Firms Signal Cleantech Exit From IPOs?
February 19, 2010
JA Solar ups outlook, as Jinko shelves IPO | www.businessgreen.com
Despite strengthening global demand and their low cost structure relative to US and European rivals it has not been all plain sailing for Chinese solar firms JinkoSolar confirming and Chinese polysilicon maker Daqo New Energy announcing plans to postpone their IPO in the U.S. Meanwhile some well known domestic American companies have recently announced IPOs. What does this mean for them, and the near future of public exits in cleantech?
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China and Europe Negotiate an Icebreaker with Turmenistan as Gazprom Blunders?
February 8, 2010
Turkmenistan gains, Gazprom loses in new pipeline | www.commodityonline.com
The Central Asia-China gas pipeline which is a US$7.3bn project, 1,833 km long with 188 km going through Turkmenistan, 530 from Uzbekistan to Kazakhstan, and 1,115 km from Kazakhstan to China has been inaugurated on the 14th December.The West-East Gas Pipeline crossing China is over 4,500 km long, making of the joint pipelines the longest in the world. With this Turkmenistan, so far dependent on Gazprom for 70% of its export of natural gas has now better options.
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US Jobs: Recovery Act To Sustain Growth of Wind Power
February 6, 2010
U.S. has highest cumulative wind power capacity, China has most new capacity | latimesblogs.latimes.com
The global wind market for turbine installations in 2009 was worth about 45 bn EUR or 63 bn US$. GWEC estimates that around half a million people are now employed by the wind industry around the world. US too has the highest wind capacity installed year to year in 2009.Therefore though the national unemployment rate continues to be a concerning 10 percent, job growth in the the wind industry goes highest in decades, touching more than 27 percent for US alone with capacity increase of 39 percent.
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Copenhagen Onwards! Indo US Deal and Nuclear Infrastructure
January 24, 2010
Another Indian nuclear reactor becomes operational | www.ptinews.com
It is reported that a indigenously designed reactor in India has been commissioned thus adding to an existing fleet of eighteen reactors. As currently most important developing countries are understandingly reluctant to discuss binding limits in the energy sector because they are seen as inconsistent with their development, exemplary deals as involving nuclear technology in India will encourage new infrastructures and lower emissions. This news has far reaching implications post Copenhagen.
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South Korea-UAE Nuclear Deal:Future Lies in Low Cost Advanced Nuclear Reactors
December 31, 2009
S. Korea, UAE, sign nuclear reactors deal | www.upi.com
For the first time South Korea is to export to UAE under the latest deal worth 20 Billion dollars their indigenously developed advanced APR-1400, a Generation III pressurized water reactor.Similarly in China demonstration of a Chinese AP1000 derivative moved a step closer with a joint venture project company. Construction of the first CAP1400 is scheduled for April 2013. While India races to complete its indigenous Fast Breeder Reactor, the harbinger of futuristic nuclear energy supply.
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Atomstroyexport Extends India's Nuclear Winter: Huge Delay In Kudankulam 2X1000
December 15, 2009
Indo-Russian N-plant faces supply hurdle | www.financialexpress.com
The Russian nuclear reactor supplier Atomstroyexport had won the contract for India's showcase Nuclear Power Corporation of India Ltd’s (NPCIL) $3 Billion 2,000-mw nuclear power project at Kudankulam in Tamil Nadu. But even after seven years, the plant is a nonstarter casting shadows on the Indo-Russian nuclear deal, signed by Prime Minister Manmohan Singh in Moscow to scale up India's nuclear power plans which gave Atomstroyexport a deal for a further 2X1000MW at the same site.
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Rediscovering Small is Beautiful Part 2
December 14, 2009
B&W’s baby | www.neimagazine.com
This is sequel to my article titled Nuclear Future:The World Rediscovers Small is Beautiful published in the GLG news in Sept 2009 which pertained to the birth of the Westinghouse modular AP1000 to overcome the regulatory hurdles besetting new nuclear power plant build, this article deals with a model of a really small factory produced, firm priced nuclear reactor of size 125MW per reactor costing only half a billion dollars from Babcock and & Wilcox ,delivery three years.
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China Strategy Or Good Time to Hedge For The Inevitable Gas Price Rise In 2010
September 21, 2009
What's Driving Natural Gas? | seekingalpha.com
Because of the industry downturn, relatively mild winter, and reduced cooling demand in the summer, demand for natural gas has been seriously curtailed. But supply and production levels cannot easily adjust to lowered demand.Thus natural gas futures price hit a 7 year low, dipping below $3 to $2.68 per MMBTU in beginning September 2009, and have been headed lower. Gas prices have tumbled roughly 80% from last year’s high above $13.
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Nuclear Future:The World Rediscovers Small is Beautiful
September 20, 2009
Small Nuclear Power:Self-contained power plants could supply growing energy demand in poor countries. | www.technologyreview.com
There is revival of interest in small and simpler units for generating electricity from nuclear power, and for process heat. The interest is driven both by a desire to reduce capital costs and to provide power away from large grid systems. The technologies involved are very diverse.The size range considered is 100 megawatts and 300 megawatts. They would be mostly marketed to developing nations where the transmission grids cannot handle the larger, 1,000-3,000 megawatt systems.
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India Awakens On a Renewable Energy Journey
September 18, 2009
CERC notifies tariff regulations for green power | pib.nic.in
As reported by the Press Information Bureau( PIB) India, the Central Electricity Regulatory Commission, CERC India has recently notified the tariff regulations for electricity generated from renewable energy sources, with the target of increasing the proportion of renewable energy power in the generation mix to 5% by 2020, from the lowly 3% as at present. News follows the implement ion of Renewable Energy Certificate (REC) mechanism as alternative for fulfilling renewable purchase obligations.
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BP Enterprise Gulf of Mexico:Beyond Frontiers Hitherto Unexplored By Mankind
September 8, 2009
What BP's New Oil Strike Means | www.businessweek.com
A vast discovery in the Gulf of Mexico is the latest sign of success in a high-risk, high-reward strategy. Tiber was drilled 250 miles (400 kilometers) southeast of Houston in 4,132 feet (1,259 meters) of water, reaching almost 31,000 feet beneath the seafloor. Transocean Ltd., the world’s largest offshore driller, used the Deepwater Horizon semi- submersible rig for the discovery. BP, which hasn’t disclosed the project’s costs, plans more wells to assess the find.
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BHEL, NPCIL and L&T Select Partners:40 Gigawat by 2020 Mission Nuclear India
September 8, 2009
Bharat Heavy, Nuclear Power to Name Overseas Partner (Update2) | www.bloomberg.com
European nuclear firms Alstom SA, Siemens AG, Skoda Power, a part of Skoda Holdings AS, and Russia’s OAO Power Machines are in the run as partners for BHEL for the "40 Gigawat by 2020 Mission Nuclear "of Asia’s third-largest economy. BHEL, NPCIL and Larsen & Toubro Ltd. who have announced plans for building manufacturing facilities for nuclear reactors are looking to bag orders in an industry worth over 20 billion dollars.
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China Buys Bigtime Into LNG Assets In Australia: Rio Tinto and Unocal revisited
September 3, 2009
China’s Oil Power Play | www.energytribune.com
A $15 billion deal for liquefied natural gas (LNG) involving Australia, China and global-oil heavyweight Exxon-Mobil(NYSE:XOM) Corp. has prompted many investors to worry that China may be using its global-markets muscle to “paper over” cracks in the global economy.In reality, however, this mega-deal is a harbinger of what’s to come, and highlights the road that global investors must travel in their journey to maximize their own investment returns.
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Innovation Explosion In Green Business: Commercializing Piezoelectricity
September 3, 2009
Taking a Fresh Look at a Long-Known Energy Source | www.nytimes.com
When a Piezo crystal is stretched or squashed, it produces electricity. Knowledge of piezoelectricity dates back to the 19th century. Commercial products using it have been around for decades — the most common are lighters for gas stoves, which use the effect to produce a tiny spark. A study by Innovative Research and Products, a market research firm based in Stamford, Connecticut, has predicted that the market for piezoelectric devices would almost double to $19.5 billion by 2012.
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Synchronized Dynamics of Clean Tech, Alternative Fuels, Natural Gas and Oil
August 31, 2009
Disparity between clean energy and clean fuel | www.commodityonline.com
Alternative energy and alternative fuels are completely different investments, fundamentally driven by two separate commodities: namely, oil and gas. And it's that distinction that holds the key to the clean fuel revolution
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Natural Gas Price To Cross 6$ Per MBTu in 2010.
August 31, 2009
Natural gas price sinks to lowest in 7 years | www.theglobeandmail.com
Natural gas prices continued to decline after falling on Aug. 21 to the lowest closing on the New York market in 7 years. For the week, [gas] prices declined 13.4%, or 43¢, and the price ratio between crude oil and natural gas now stands at 26.4:1, with predictions of even lower prices to come in the coming weeks.
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