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Thermax Limited – Corporate PresentationThermax Limited – Corporate Presentation1
Thermax Sustainable Energy Solutions LimitedmCARBON
Existing Barriers Programmes of Activities and Improvements
Rajesh Madiwale
12th Mar 2011
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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
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Thermax Group
• 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
Subsidiaries Joint Ventures
Thermax Limited
• Thermax Babcock & Wilcox
• Thermax SPX Energy Technologies Ltd.
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Our Global Network
4
Thermax Inc. Detroit, USA
Thermax doBrazil Sau Paulo, Brazil
Thermax Europe Ltd. Luton, UK
Thermax Zhejiang Ltd
Thermax Ltd. Nairobi, Kenya
Thermax Ltd. Jebel Ali, UAE
Thermax Ltd. Kuala Lumpur, Malaysia
Thermax Russia
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Our Core Business
Boiler & Heater
• Package boilers• Large capacity power boilers• Thermal oil / water heaters• Energy recovery systems
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• Ion exchange resins• Cooling water chemicals• Fireside chemicals• Polyelectrolyte
Water and wastewater• Wastewater & Effluent water treatment systems• Water recycling• Waste management
Enviro•ESP & Bag filters• Scrubbers• Air purification• Retrofit & Revamp
Boilers & Heaters Cooling & Heating Power Generation Chemicals & Water Air Pollution Control
THERMAX
Renewable
Solar• Heating• Cooling
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
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Reliable support for Industry
Our business-to-business
solutions help a broad group of
industries to be energy efficient
and eco-friendlyOil & Gas Steel Automobile
Food Cement Chemicals
Refineries &Petrochemical
PowerGeneration
Textile
Hotels & Commercialcomplexes
Pharma Paper & Pulp
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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
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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
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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
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TSESL PROGRAMMATIC CDM STRATEGY
TSESL immediate proposal is to develop the following Programmatic CDM
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.
EQUIPMENT NUMBERS No of CERs
/AnnumBIOMASS HEAT 150 1.1 Million
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Programmatic CDM For Biomass Heat Equipments
TSESLProgrammatic
CDMCME
Remote monitoring of Projects by TSESL
DOE Validation
CDM EB
PoAs Development
DOE Verification
CER
BUYER
%
MONITORING
CDM EBUNFCCC Bonn
%
%
%
%
CER
CER
€
€
€
€
€
€
€
€
€
€
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Ist INDUSTRIAL CDM PoA REGISTERED BY UNFCCC
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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
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Physical Model of Biomass Boiler Installation 6TPH
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100 % online mCarbon™ web monitoring software and web site
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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
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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
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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
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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
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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.
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