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Showing posts with label Alternate Energy. Show all posts
Showing posts with label Alternate Energy. Show all posts

Alternative energy sources a big theme of 49th Paris Air show  

With fanfare, biofuels and rivalry, Paris Air Show kicks off


Vidya Ram ::::Paris, June 19: ::::The biennial air show at Le Bourget, Paris doesn't officially start until Monday, but over the week-end, there is little doubt that the posturing and courting for business and headlines is well under way as the global aviation industry's titans landed their latest prized aircraft to much fanfare. Already, it's clear that alternative energy sources are set to be a big theme of the 49th Paris Air show – where over 138,000 trade visitors are expected. Lausanne, Switzerland-based Solar Impulse kicked off the show with the arrival of its solar-only powered jet on Tuesday.

After a delayed start, the HB-SIA prototype – which is being billed as the ‘special guest' of the show – landed after a 16 something hour trip from Brussels, and is set to show its capabilities with daily flights, weather permitting of course. Biofuel is also all the rage, with the US-based Honeywell completing the first-ever transatlantic flight of a plane on Saturday, partly powered by oilseed crop camelina. The Gulfstream G450 jet made the journey from Morristown New Jersey, half powered by bio and petroleum based fuel – a mixture that saved it around five-and-a-half tonnes of carbon dioxide emissions, the airline says. It will shortly be followed by Boeing, which will use a 15 per cent camelina fuel to debut its 747-8 freighter plane on Monday. The company's new passenger jet, the 747-8 Intercontinental, touched down on Sunday morning.

For others, it will be about demonstrating green futures – EADS, which at Farnborough last year paraded a craft powered by algae juice, is already touting Volt-Air, a lithium-air battery-fuelled concept plane of which it will release further details over the course of the week. The pan-European corporation will also bring out the Eurocopter X3 for its first public flight. A video of the craft – dubbed a hybrid because it has both wings as well as rotors – drew appreciative murmurs during a conference held by EADS over the week-end.

However, it will be the solid order intake on which the chief rivalry will occur, led of course by the market's biggest players, Boeing and EADS division Airbus – the latter has already won a contract to sell 72 A320 Neos to GoAir. EADSs lively chief executive, Louis Gallois, presented a bullish view of the company's prospects, for the year ahead, highlighting the Eurofighter consortium's battle against Dassault's Rafale to win the 126 medium multi-role combat aircraft contract from India as one of its major priorities. “We must become faithful citizens of these countries,” he said on Saturday. “I feel we are in a very good position for an additional reason that not only do we have a good aircraft but it is an aircraft in the development phase – it offers Indian companies participation in the development programme” said Stefan Zoller, the head of Cassidian, the EADS division, which is part of the Eurofighter consortium. India will have a sizable presence at the show with nine Indian firms including, specialist Ambica Steels, Hindustan Aeronautics Ltd and Quest Global among the over 2,000 exhibitors.
http://www.thehindubusinessline.com/industry-and-economy/logistics/article2117926.ece

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IOC is on the lookout for sites to set up solar and wind power projects in states like Rajasthan and Tamil Nadu  

INDIAN Oil Corporation (IOC) will spend Rs 2,000 crore over the next five years to develop power projects based on alternative sources of energy like tides, solar, nu clear and wind. "These (alternative sources of energy) are potential opportunities coming.IOC as an inte grated energy company needs to capture them," IOC chairman Brij Mohan Bansal said. The company has set aside Rs 2,000 crore for newer portfolios such as solar, wind and nuclear en ergies among others, the chairman said. IOC is on the lookout for sites to set up solar and wind power projects in states like Rajasthan and Tamil Nadu. At present, it operates a 61mw wind power facility in Kandla. The power generated is used for captive utilisation in its refineries. On a later date, IOC plans to com mercially market the power. "Diversifying into newer alternate energy portfolios will not have much impact on firm's revenues at this stage. But it will add to the bottom line in 10-15 years from now," Dilip Khanna, partner (oil and gas practices) at Ernst & Young.
IOC to spend Rs 2,000 cr on alternative energy
..Siddhartha P Saikia / Financial Chronicle













Looking into the future, India must look at alternative sources of energy, said RS Pandey, for mer petroleum secretary. "We must find a substitute to crude oil in the long run.

Alternate sources of energy such as solar, wind must be developed," Pandey added. Meanwhile, IOC will form a JV for its nuclear ini tiative with Nuclear Power Corporation of India in next two months, Bansal said. The IOC scrip surged 1.35 per cent and closed at Rs 376.20 at the BSE.

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