Technology, Renewables, and Efficiency Gains Drive Shift in India’s ‘Wild Energy Market’

first_img FacebookTwitterLinkedInEmailPrint分享Associated Press:Within the wild energy market of the world’s second-most populous nation, predictions are proving tricky. India had been projected to become a carbon-belching behemoth, fueled by thermal power plants demanding ever more coal for decades to come.Now, some analysts are saying that may not happen.In the last two years, coal consumption has slowed to its lowest level in two decades, even with the economy growing at a steamy 7 percent annual pace. Thermal power plants have been running below full capacity for years and as of June were operating at only 57 percent of total capacity, the lowest level ever.“India’s future coal demand could actually be near flat,” said Tim Buckley, the Asia energy finance director for the Cleveland-based Institute for Energy Economics and Financial Analysis. “The technology-driven changes are happening faster than predicted.”A similar correction is under way in China, where officials and analysts have had to walk back earlier predictions that its annual coal needs would peak in 2030. Instead, the International Energy Agency says China’s coal use — and emissions — topped out in 2013.The rate of increase in coal consumption in India is now the slowest it’s been since 2000, apart from an anomalous 1 percent rate of growth in 2011. Last year, it dropped to 1.5 percent from the decade’s average of 6 percent. This year, it’s slightly higher at 2.8 percent.The slowdown is expected to continue, partly due to manufacturing output dropping to 7.9 percent in fiscal 2016-17, after an average of 9 percent for 2004-08 and a high of 12.3 percent in 2006-07.But there are other important factors at play, including fast progress in adding renewable energy capacity and new measures to improve energy efficiency.Buckley lays out a scenario where India’s coal consumption might come close to peaking within the next decade, if not sooner. It assumes GDP growth would remain around 7 percent, with growth in electricity demand steady at 6 percent due to slow growth in manufacturing, low profitability of power distribution, and political obstacles to raising rates and ending consumers’ electricity subsidies.Energy Minister Piyush Goyal has pledged to reduce grid transmission losses by going after leakage and theft. Reducing those losses from 24 percent today to 15 percent within a decade, would mean an improvement of about 1 percent each year — meaning India would need just 5 percent more electricity to meet the 6 percent annual pace of growth in demand, if that were the only mitigating factor.But thanks to plunging costs for solar and wind energy, and high enthusiasm for hydropower, renewable energy generating capacity is expanding by 20 GW a year, toward a goal of 175 GW by 2022. Buckley calculates that could cut annual growth in coal demand further down to as little as 2.5 percent.By washing coal before it’s burned, India’s power plants now burn less to produce the same amount of power. India is also now policing rail shipments more rigorously to reduce coal theft. And new plants are required to use so-called supercritical technology that further raises the efficiency of coal burned while also reducing pollution.Thanks to such efficiency boosting measures, the amount of coal needed to deliver a 6 percent rate of growth in electricity demand will drop even further, and may be near flat, Buckley says.Other analysts agree the trends are encouraging.“Energy efficiency in India is moving much faster than anybody thought,” said Ajay Mathur, director of The Energy and Research Institute in New Delhi.So far, India’s government and industry officials have said little about these trends. For years, the country argued in global climate talks that it should have the unfettered right to expand its coal power generation to aid its development and raise hundreds of millions of people out of poverty.“It’s a simple matter of not wanting to close those options,” said Ashish Fernandez, a coal industry analyst for Greenpeace. “Power companies don’t want to jump the gun and abandon coal because they want options. But if you look at investments, almost none of them are talking about building coal-fired power plants.”“The writing is on the wall. We could be looking at peak coal in India within five to 10 years,” he said.India’s coal mining giant Coal India Ltd. is already worried. Last month, it hired KPMG to draft a roadmap for its future growth beyond 2030.The Indian coal sector is at a “cross-roads today,” the tender document says. “While it has performed well in the last several years, the potential for performance of the sector needs to be assessed in light of multiple changes in the energy sector.”The company’s former chairman, Partha Bhattacharyya, told an energy workshop last month in Singapore that Coal India should be working on finding alternative uses for its coal as demand from the power sector wanes. He noted China is coal to make fertilizers and methanol, and South Africa to make oil and chemicals.Current forecasts by the International Energy Agency and other analysts say India’s coal consumption will climb by 4-5 percent a year through 2030.The country has only ever used at most 160GW of its 190GW of coal-fired generating capacity, and given current trends, there is no need for any more coal plants for at least 10 years, the government says.But it plans to continue with 50 GW worth of projects already underway, while retiring some 34 GW in old, heavily polluting plants.In those 10 years, improved battery technology that would enable weather- and time-dependent solar and wind power to serve as round-the-clock power sources could help reduce coal use further.More: India’s wild energy trends raise doubts over coal’s future Technology, Renewables, and Efficiency Gains Drive Shift in India’s ‘Wild Energy Market’last_img read more

Ohio officials approve two big solar projects

first_imgOhio officials approve two big solar projects FacebookTwitterLinkedInEmailPrint分享PV Magazine:The Midwest is getting ready for a major boom in large-scale solar, as evidenced by the activity in interconnection queues of the region’s grid operators. Today, two more very large solar projects got the green light by the state of Ohio, which is the tip of the spear for large-scale development in the region.Specifically, the Ohio Power Siting Board (OPSB) has approved Hecate Energy’s 300 MWac Highland Solar Farm in Highland County, as well as Invenergy’s 170 MWac Hardin Solar Energy Center 2 in Hardin County, which is paired with a 60 MWac battery. Developers plan to begin construction on both of these projects within the next five months, and to complete them in 2020 and 2021.Either of these projects on their own would dramatically increase the capacity currently online, which Solar Energy Industries Association (SEIA) put at 202 MWdc as of the end of last year. However, we at pv magazine have found five other large-scale solar projects planned for the state which have been approved by the OPSB and/or hold interconnection agreements; together with the projects approved today these total 1.24 GWac.These could be the first projects of this scale to come online not only in Ohio, but in the entire Midwest.Chicago developer Invenergy’s Highland Solar Farm is technically the smaller of the two at 170 MWac, however it is planned to be built adjacent to the original 150 MWac Hardin Solar, and together the two plants will represent a whopping 320 MW. Hardin Solar 1 has already been approved by OPSB, and Invenergy secured long-term leases for the land for the Hardin Solar 2 in July.The Hardin Solar 2 is notable in that it plans to incorporate a 60 MW lithium-ion battery system, as one of the first large-scale solar projects that pv magazine staff have seen in the Midwest to incorporate battery storage.More: Ohio approves two huge solar projectslast_img read more

Colombia Strikes Narcorafficking in the Pacific

first_imgBy Myriam Ortega/Diálogo November 28, 2017 Two illegal vessels transporting 1,415 kilograms of cocaine hydrochloride and 756 gallons of fuel were intercepted at the end of September. The Colombian National Navy (ARC, per its Spanish acronym) arrested six crew members on flipper-type boats near Cabo Manglares, in the department of Nariño, along Colombia’s Pacific coast. The seizure took place after many hours of surveillance at dawn. “Drug traffickers are especially active at night because the lack of light gives them some ease they don’t have during the day,” ARC Vice Admiral Luis Hernán Espejo Segura, commander of the Pacific Naval Force, told Diálogo. “Visual detection and detection from the air are more difficult, unless we have night vision goggles.” ARC transferred the boats, shipment, and suspects to the municipality of Tumaco. The cocaine seized has an estimated value of more than $47 million on the international market, ARC reported. “The operation is the result of the Pacific Naval Force’s strategy,” ARC Commander Antonio Espitia Porras, chief of the Pacific Naval Force’s Operations Department, told Diálogo. “Out there, with good intelligence gathered through different agencies, the operations supervisor plans and develops a strategy to carry out the seizures.” One more During a similar operation a day later, a third boat was intercepted with 1,384 kilograms of cocaine hydrochloride aboard. These two blows to narcotrafficking represent 2,799 seized kilograms of the drug. “It was two days in a row, and the operations were almost identical with similar results in terms of quantity,” Vice Adm. Espejo said. “In two consecutive blows in areas close to each other, we impacted these vessels.” This seizures were possible thanks to the 24-hour surveillance by service members who are vigilant of drug traffickers’ modus operandi. “It turns out that [criminal] organizations sometimes think that the coast is clear because one boat was caught, but we always [have more] units in the same area,” Cmdr. Espitia said. Colombian authorities carried out simultaneous operations in rivers because the area has many tributaries. “A single river, for example, like the Mira River, can flow into three or four different mouths. So [criminal] organizations use this diversity to plan drug trips,” Cmdr. Espitia said. “Narcotraffickers plan a possible exit route for drugs along two or three estuaries, sometimes at the same time. So, the strategy consists of having such good placement that regardless of the exit point, we can plan an operation.” The results In 2017, the Pacific Naval Force handed over 186 narcotraffickers to authorities for prosecution. The force also impounded about 79 vessels used for drug trafficking and confiscated more than 71,000 gallons of liquid and 62,000 kg of solid materials. It seized 88,568 kg of cocaine hydrochloride, 3,548 kg of marijuana, and 25 kg of heroin, according to figures the Pacific Naval Force provided Diálogo. These figures emphasize the effectiveness of official surveillance, which forced criminals to modify their routes. “Colombian waters are no longer the preferred route. The preferred route is exiting through the south, by the Galapagos Islands, and seeking a northern route from there,” Vice Adm. Espejo said. “Trips can last up to 15 days, with refueling points out at sea. Artisan fishermen do the refueling. It’s a very complex, very long journey.” The support of partner nations from the hemisphere has been fundamental. Networks of close cooperation were built, especially with Ecuador, Panama, Mexico, Honduras, Guatemala, and the United States. “What we do in terms of cooperation with our allies is very important,” Vice Adm. Espejo said. “The ratio [for the results] is almost 50–50 for seizures, with our own resources and through international cooperation mechanisms.” Despite the results, the challenge is great. In addition to boats, drug traffickers use submersible or semisubmersible vessels, small planes on clandestine airstrips, and land vehicles, among other means. “There’s a wide range of options to take out cocaine hydrochloride,” Cmdr. Espitia said. “This is everyone’s fight. It’s not a sole country’s fight, it’s a fight against a transnational crime that violates borders, harms generations, and harms the youth.”last_img read more

U.S. Donation Increases Guatemala’s Armored Vehicle Force

first_imgBy Jennyfer Hernandez/Diálogo January 31, 2018 The Guatemalan Army bolsters its fight against narcotrafficking with a U.S. donation of 100 new vehicles.last_img

How to get married financially

first_img 91SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Tyler Atwell Web: www.cuinsight.com Details Getting married can be a whirlwind experience. Between all of the venue searching, trying on dresses, renting tuxes, assembling the bridal party, booking a DJ and cake tasting it can be easy to forget all that getting married means. Underneath the ring exchange and sharing of vows, there is a potentially life-long financial contract which you should be prepared for.Before you marry the love of your life, you need to get financially engaged with one another. Right now the divorce rate is over forty percent in America with disagreements over money being the top reason for separation. You have already popped the big question, now it is time to ask a few more. Here is a list of things you should ask about before tying the knot.1) What does the ideal marriage look like to you and how does it fit into your career goals?2) What is our savings plan going to look like? Our budget?3) Should we keep our finances separate, or join them together?4) Who will be responsible for making sure which bills get paid?5) What types of insurance will we need and how will we pay it?6) Do you have any loans or debts that need to be paid off?7) How big do you want our family to be? Should we start saving for college now?8) What does your ideal retirement look like and how do we get there?There are many keys to a successful marriage, but together you can make sure you leave out the poorer from “for richer or poorer.” Openly discussing your finances can keep you happy, healthy, and wealthy in your marriage.last_img read more

People moves: Folksam names deputy CEO; New chief for Norli Pension

first_imgFolksam, Sampension, Norli Pension, UKSIF, BennBridge, APG, IA, Willis Towers Watson, BNP PAM, ShareActionFolksam — The Swedish pensions and insurance group is appointing Michael Kjeller as its new deputy CEO. He currently works as the group’s head of asset management and sustainability, having worked for Folksam since 1988.Björn Nordin, who has been at Folksam since 1995, has now been appointed head of staff – the former role of Folksam’s current CEO Ylva Wessén.She took the top role at the firm in August last year, when the previous CEO Jens Henriksson moved, having been appointed to head up Swedbank. As a result of Nordin’s new appointment, he is leaving his current role of chief lawyer and head of corporate law at Folksam.Sampension — The Danish labour-market pension fund has appointed Lene Roed as a new member of its board of directors. She replaces former board member Bodil Otto.Norli Pension — The Danish traditional pensions specialist has appointed Mikkel Dahl as its new CEO. The firm, which is owned by Nordic Insurance Consolidation Group, said Dahl is joining from advisory firm Deloitte where he has been a partner.Before that, Dahl worked for Nordea Markets, where he was responsible for advising the pension sector on risk management and hedging strategies.At Norli Pension, he is replacing the former CEO Mads Smith Hansen, who is leaving to return to Sampension, which announced his appointment in October last year.Smith Hansen is to take up the role of chief operating officer at Sampension from 1 April.UKSIF – Simon Howard is planning to step down after seven years as the CEO of the UK’s Sustainable Investment Forum.He will remain in his role until the autumn of this year. The organisation’s nomination committee will immediately begin the search for a new CEO.Michael Meehan, UKSIF chair, said: “Simon and his team have brought UKSIF and its members to the forefront of responsible investment in the UK over the past seven years, and have positioned the organisation very well for the rapidly changing sustainable investment landscape.”BennBridge – The multi-boutique investment business has hired Doug Stewart as CEO. In his role, he will lead BennBridge in the next phase of its European expansion, focusing on growing the increasingly popular multi-boutique partnership model and widening client access to world-class investment talent.Stewart joins from OppenheimerFunds, where he was CEO and head of EMEA for OppenheimerFunds’ European business from 2016.During his three-year tenure, he was the driving force behind the group’s international expansion into EMEA, including setting up a London office and building the team and operating model.He will report to Craig Bingham, CEO of Bennelong Funds Management, the Australian arm of the BFM Group.APG – The supervisory board (RvC) of Dutch APG Group has reappointed Gerard van Olphen as executive chair for another four years.The RvC noted that Van Olphen had further improved pension value for the participants of APG’s pension fund clients, which include the €465bn civil service scheme ABP.APG is the largest asset manager and pensions provider in the Netherlands, managing €538bn of assets for 4.5m participants affiliated with 25,000 employers.Investment Association (IA) – Keith Skeoch, CEO of Standard Life Aberdeen, has been appointed chair of the IA’s board.Michelle Scrimgeour, CEO of Legal & General Investment Management, and Patrick Thomson, CEO for EMEA of JPMorgan Asset Management, have been appointed deputy chairs, in a move to bolster the IA’s long-term strategic direction and industry leadership.The three were appointed to the most senior positions on the IA’s board, following a board meeting and vote last week, and will assume their roles on 1 May 2020.Skeoch replaces Peter Harrison, group CEO of Schroders, as chair after his three-year term comes to an end. Scrimgeour and Thomson replace Skeoch as deputy chair of the IA Board.Thinking Ahead Institute – Bob Collie has left the Willis Towers Watson’s Thinking Ahead Group and the Thinking Ahead Institute, its main vehicle for driving its mission to change the investment industry for the benefit of the end saver.BNP Paribas Asset Management – Jean-Charles Sambor has replaced Bryan Carter as head of the emerging market fixed income team, having been deputy head since the team was established in 2016.He joined the asset manager that year from the Institute of International Finance, where he was Asia-Pacific regional director and CEO of IIF APAC Ltd in Singapore. Carter has left BNP Paribas Asset Management.ShareAction – The responsible investment campaign group has three new trustees. Olivia Dickson, Shipra Gupta, and Alice Steenland joined the board in January, and will each serve a six-year term.Dickson is a non-executive director of the Financial Reporting Council and a board member of the Impact Investing Institute, leading the latter’s work on impact measurement and reporting. She is also an adviser to the Partnership Board of the law firm Travers Smith.Gupta’s last corporate role was as head of sustainability for EY Financial Services, EMEA. More recently, she has been working as an independent consultant in ESG and impact investing.ShareAction said Steenland has more than 15 years of experience as a senior executive and board member in the sustainability area, where she focused in particular on finance, investment and innovative business models across all sectors of the economy. She was the founding chief corporate responsibility officer at the AXA Group.last_img read more

Labour MP drops euthanasia bill

first_imgNZ Herald 15 December 2014A bill which would legalise voluntary euthanasia has been dropped by Labour MP Iain Lees-Galloway at the request of his leader Andrew Little.Mr Lees-Galloway had been canvassing support for his End of Life Choice Bill before deciding whether to return it to the private members’ bill ballot.But Mr Little confirmed yesterday that he had told Mr Lees-Galloway not to put it in the ballot because it was not an issue Labour should be focused on when it was rebuilding.“It comes down to priorities at the moment,” Mr Little said. “We are very much focused on … jobs and economic security.“There are more people affected by weak labour market regulation and weak economic strategy than they are about the right to make explicit choices about how they die.”The bill would have allowed any adult suffering from a condition likely to cause their death within 12 months to request medical assistance to die.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11374199Labour dumps right to die billStuff co.nz 15 December 2014Labour is dropping a bill that would allow voluntary euthanasia, to focus on one that will ban employers placing workers on “zero-hour” contracts.The party’s labour spokesman Iain Lees-Galloway has jettisoned his End Of Life Choice bill, which he inherited from former MP Maryan Street.Street withdrew her bill from the ballot in September last year, for fear it would become too controversial an issue ahead of this year’s election.Lees-Galloway had been canvassing support to return it to the private members bill ballot, but dropped it at the request of leader Andrew Little.It would have changed laws to give people a choice to end their lives or receive medical assistance to die under certain circumstances, such as terminal illness.http://www.stuff.co.nz/national/politics/64159157/Labour-dumps-right-to-die-billlast_img read more

Donna Lee Colegate age, 70

first_imgOLYMPUS DIGITAL CAMERADonna Lee Colegate, age 70, of Metamora, Indiana died Saturday, July 9, 2016 at her residence.Born September 6, 1945 in Hamilton County, Ohio she was the daughter of Claude & Sarah (Kiskaden) Willoughby. She was united in marriage to Lee K.Colegate, and they enjoyed 34 years together until his passing in 2006. Survivors include two sons, Robert E. Lee of Metamora, Indiana and Toby R. Lee of College Corner, Ohio; two sisters, Christine and Dorothy; four grandchildren and five great-grandchildren.She was preceded in death by her parents, her husband Lee K. Colegate who died January 9, 2006; as well as several brothers and sisters.Family & friends may visit from 1 until 2:00 P.M. on Saturday, July 16, 2016 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville.Memorial Services will be conducted at 2:00 P.M. on Saturday, July 16, 2016, 2:00 P.M., at Phillips & Meyers Funeral Home in Brookville.Phillips & Meyers Funeral Home is honored to serve the family of Donna Colegate, to sign the online guest book or send personal condolences please visit www.philllipsandmeyers.com .last_img read more

Urrutia expected Herrera to stay

first_img In his first press conference since Herrera left, Urrutia said he had had no indication that the midfielder wanted to depart for the Premier League and, following the sales of Javi Martinez, Fernando Llorente, and Herrera in the last two years, Urrutia stressed that the Basques did not aspire to be a selling club. “For us, Ander Herrera was a player we expected to stay at the club,” Urrutia said. “According to what he said, Ander was delighted to be here and his only aspiration was to stay here.” Moments before the press conference, Athletic announced that midfielder Iker Muniain had signed a two-year contract extension. Urrutia expressed his delight that the academy product had renewed his commitment to the club, signing a new deal which also sees his buy-out clause raised from 37.5million euros (£30million) to 45million euros (£35.9m). “We’ve reached an agreement with Iker, which is good news,” he said. Referring to the departures of Martinez, Llorente and Herrera, Urrutia underlined the importance of holding on to Muniain, as the club prepare for their pre-season campaign and their Champions League play-off tie in August. “We have had three exceptional cases recently. If it became a trend, it would be dangerous,” he said. “Our players’ maximum aspiration has to be to stay at Athletic. We are looking forward to an exciting year, which starts on Monday.” Athletic Bilbao president Josu Urrutia has claimed new Manchester United signing Ander Herrera deceived the Basque club before sealing his move to the Barclays Premier League. Press Associationcenter_img The 24-year-old midfielder’s switch to Old Trafford was finalised last month in a £29million deal, after the English club paid his buy-out clause – nine months after an initial proposed switch had fallen through on transfer deadline day. Athletic betrayed a sense of disquiet with Herrera the day the move was confirmed, releasing a statement declaring their “disappointment” at his decision to leave, adding “this is not a pleasant moment for the club”. last_img read more

UCSB meets UC Riverside in Big West quarters

first_img___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditNo. 6 seed UC Riverside (17-15, 7-9) vs. No. 3 seed UC Santa Barbara (21-10, 10-6)Big West Conference Tourney Quarterfinals, Honda Center, Anaheim, California; Thursday, 4:30 p.m. EDTBOTTOM LINE: A spot in the Big West semifinals is up for grabs as UC Riverside and UC Santa Barbara prepare to do battle. UC Santa Barbara swept the two-game regular season series. The teams last played on Feb. 27, when the Gauchos shot 36.7 percent from the field and went 7 for 16 from 3-point territory en route to the five-point victory. TEAM LEADERSHIP: The Highlanders are led by Arinze Chidom and Callum McRae. Chidom is averaging 10.8 points and six rebounds while McRae is putting up 9.6 points and 6.2 rebounds per game. The Gauchos have been led by Amadou Sow and JaQuori McLaughlin, who are averaging 14.1 and 13.4 points, respectively.CREATING OFFENSE: McLaughlin has either made or assisted on 48 percent of all UC Santa Barbara field goals over the last three games. The junior guard has nine field goals and 20 assists in those games.UNBEATEN WHEN: The Gauchos are 13-0 when holding opponents to 42.4 percent or worse from the field, and 8-10 when opponents shoot better than that. The Highlanders are 6-0 when at least four of their players score in double-figures and 11-15 on the year otherwise.ASSIST RATIOS: The Gauchos have recently gotten buckets via assists more often than the Highlanders. UC Santa Barbara has 43 assists on 60 field goals (71.7 percent) across its past three matchups while UC Riverside has assists on 30 of 62 field goals (48.4 percent) during its past three games.STIFLING DEFENSE: UC Riverside has held opposing teams to 60.6 points per game this year, the ninth-lowest figure among all Division I teams.center_img UCSB meets UC Riverside in Big West quarters March 10, 2020last_img read more