Thermax Sustainable Energy Solutions
Limited
mCARBON
Existing Barriers Programmes of Activities and Improvements
Rajesh Madiwale
12th Mar 2011
1
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Thermax Evolution: A
Snapshot
• Established in 1966 as
Wanson (India)
• Thermax Private Limited
formed in 1980 and Wanson
(India) merged with Thermax
• Thermax became a public
limited company in 1996
• Featured in the Forbes Asia
list of “Best under a Billion”
companies in 2008
2
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Thermax Group
Thermax Limited
Subsidiaries
•
Thermax Sustainable Energy Solutions Ltd.
•
Thermax Onsite Energy Solutions Ltd.
•
Thermax Engineering Construction Co. Ltd.
•
Thermax Instrumentation Ltd.
•
Thermax International Ltd. (Mauritius)
•
Thermax Europe Ltd. (U.K.)
•
Thermax Hong Kong Ltd (Hong Kong)
•
Thermax do Brasil-Energiae Equipamentos
Ltd (Brazil)
•
Thermax Inc. (U.S.A.)
•
Thermax (Zhejiang) Cooling & Heating
Engineering Co. Ltd. (China)
•
Danstoker A/S.
•
Omnical Kessel & Apparatebau Gmbh
Joint Ventures
•
Thermax Babcock & Wilcox
•
Thermax SPX Energy Technologies Ltd.
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
3
Our Global Network
Thermax
Russia
Thermax
Europe Ltd.
Luton, UK
Thermax Inc.
Detroit, USA
Thermax Ltd.
Jebel Ali,
UAE
Thermax
doBrazil Sau
Paulo, Brazil
Thermax Ltd.
Nairobi,
Kenya
Thermax
Zhejiang Ltd
Thermax Ltd.
Kuala Lumpur,
Malaysia
4
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Our Core Business
THERMAX
Boilers & Heaters
Boiler & Heater
• Package boilers
• Large capacity
power boilers
• Thermal oil /
water heaters
• Energy recovery
systems
Cooling & Heating
Cooling
• Exhaust & Multi-energy
fired chillers
• Steam fired chillers
• Hot water fired chillers
• Direct fired chillers
Heating
• Steam/Hot water power
plants
• Packaged solid/oil/gas
fired boilers
• Fired thermic fluid
heaters
• Exhaust waste heat
recovery boilers
Power Generation
Turnkey Power
Plants
• Solid fuel based
• Gas based
combined cycle
• Waste heat
recovery based
• RE based incl.
Biomass, Bagasse,
solar, etc.
• O&M of power
plants
Chemicals & Water Air Pollution Control
Chemicals
• Ion exchange resins
• Cooling water
chemicals
• Fireside chemicals
• Polyelectrolyte
Enviro
•ESP & Bag filters
• Scrubbers
• Air purification
• Retrofit & Revamp
Renewable
Solar
• Heating
• Cooling
Water and
wastewater
• Wastewater &
Effluent water
treatment systems
• Water recycling
• Waste management
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
5
Reliable support for Industry
Our business-to-business
solutions help a broad group of
industries to be energy efficient
and eco-friendly
Steel
Automobile
Cement
Chemicals
Refineries &
Petrochemical
Power
Generation
Textile
Hotels &
Commercial
complexes
Pharma
Oil & Gas
Food
Paper & Pulp
6
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Recognition for Thermax
• Featured four times in
the Forbes’ list of Asia’s
‘Best under a Billion
Companies’ (2005-’08)
• Listed among the top
100 of India’s most
valuable 500 companies
(Business Today ’07)
• Business Standard ‘CEO
of the Year’ (2007-08)
award for Chairperson
7
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
PROPOSAL
• TSESL proposes to use Programmatic CDM to promote use of Clean
energy equipments
• Company can create value for a large segment of small customers and
accelerate the use of Renewable energy based Equipments as against
conventional fossil fuel equipment.
• TSESL the coordinating and managing entity for the PoA
• TSESL has developed a unique online monitoring system to monitor all
the performance parameters of the equipments under the PoA
8
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
PoA for Biomass based heat generation systems in India
•
Programmatic Proposal for small users
•
Small and medium users untouched by the benefits of CDM
•
Lack of knowledge ,manpower ,technology and cost of
transaction of CDM
•
Aggregating CDM benefits will help switch a large number of
users to green technology
•
“a no risk” program for benefit of this segment
•
IT at the forefront to address issues of risk for all
stake holders
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
9
TSESL PROGRAMMATIC CDM STRATEGY
TSESL immediate proposal is to develop the following Programmatic CDM
EQUIPMENT
NUMBERS
BIOMASS HEAT
150
No of CERs
/Annum
1.1 Million
TSESL hopes to accelerate and promote the use of Renewable energy
To create sustainable energy solutions with customers
for reducing GHG emissions through innovative
deployment of value added services across
the product life cycle.
10
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Programmatic CDM For Biomass Heat Equipments
Remote monitoring of Projects by TSESL
CER
PoAs Development
% €
% €
% €
% €
TSESL
Programmatic
CDM
CME
% €
€
DOE Validation
€
CDM EB
€
MONITORING
€
DOE Verification
€
CER
CER
CDM EB
UNFCCC
Bonn
BUYER
11
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Ist INDUSTRIAL CDM PoA REGISTERED BY UNFCCC
12
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Strengths of Biomass heat generation systems PoA
• High quality engineering and technical capabilities
• Customer connect for entire life cycle of the project activity
• 100% Remote performance monitoring system for high level service
support
• mCarbon GHG monitoring web software for transparent MRV
• Well established systems and procedures as per ISO 9000
• All India network for distribution and service
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
13
Physical Model of Biomass Boiler Installation 6TPH
14
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
100 % online mCarbon™ web monitoring software and web site
15
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
16
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Typical size of each Heat generation Project Activity
• Equipment output
-
Steam or Heat
• Average Capacity Tons per Hour
-
6 TPH
• No of hrs of operation
-
8000 hrs
• Average Load
-
75%
• Average expected CERs per annum -
6000 CERs
17
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Existing Barriers for PoAs implementation
• Liability due to Erroneous inclusion clause
• Validation and Verification of CPAs by one DOE
• Expansion of PoAs after registration in LDC countries &
countries covered under EB 55 Annex 12 loan scheme
• Approval from HCA for each CPA under a PoA
• Baseline fuel should be conservatively declared by UNFCCC
for LDC countries
18
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Liability due to Erroneous inclusion clause
• The CPA is identified as erroneous inclusion up to first Issuance of CERs
ie Within 6 mths after 1st issuance or 1 year from inclusion whichever is
later then the DOE has to take the liability of the CPA.
• A DOE, that has not performed validation, registration, inclusion or
verification functions with regard to this PoA shall conduct the review
referred to in paragraph 9, by assessing a random sample of 10% of all
CPAs currently included and submitting a report to Board within eight
weeks.
Proposal
• CPA which have passed the 1 year from inclusion and 6 months after 1st
issuance should be cleared from the sample check and not be reopened
for sample revalidation.
• Only those CPAs which are within 1 year and the 6 mths from issuance
time line should be considered to be taken as a sample for check
19
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Suggestions for improvement
• Expansion of PoAs after registration in LDC countries & countries
covered under EB 55 Annex 12 loan scheme
Proposal – The registered PoA should be allowed expansion in LDC
countries by taking a sample case CPA and get the same approved
by having an HCA approval for that host country and a DOE
inclusion
• A DOE shall request issuance for all CPAs included in the PoA
during the specified monitoring period .The monitoring period must
be consecutive.(EB 55 Annex 38 pg 8 clause 37 and 39)
Proposal DOE should be allowed to submit request for issuance for any CPAs
verified and monitored during the specified monitoring period,should
not be mandatory to monitor and verify all the CPAs in one lot
A separate DOE may be allowed to submit request for issuance
within 3 months or a DOE may be allowed to request for issuance
within 3 months for different CPAs
Should not be mandatory for consecutive periods
20
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
Suggestions for improvement
• DOE performing the validation currently is not able to
perform verification activity for the same PoA.
Proposal – DOE performing the Validation and inclusion
of PoAs may be allowed to complete the verification
process for completion of activity
• Approval from HCA for each CPA under a PoA
Proposal HCA approval should not be mandatory for CPAs under
a registered PoA as in a PoA the project could be
included prior to actual start or commissioning of the
Project.
21
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation
22
Thermax
Thermax Limited
Limited –– Corporate
Corporate Presentation
Presentation