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PSO Financial Woes – Who will Help?

March 12th, 2010

Pakistan State Oil (PSO) faces serious debt issues and the finance ministry has said that it cannot help. The National Assembly standing committee on petroleum and natural resources has resolved to take up the issue before Prime Minister Yousuf Raza Gilani. Business Recorder reports that:

Cash-strapped PSO had requested for immediate arrangement of Rs 60 billion to ease its financial woes in a meeting held on Wednesday. Special Secretary, Finance, Asif Bajwa, chaired the meeting which was attended by all stakeholders.

“But Finance Ministry has agreed to release Rs 5 billion to Pakistan Electric Power Company (Pepco), which will make payment onward to PSO,” sources said. “Now the third quarter is going to end, and the Finance Ministry will release money during the next month to bail out oil and power sectors,” sources said, and alleged that poor recoveries by Pepco were also the main reason of the circular debt. During the meeting, it was stated that Pepco had sent bills to the consumers and would make payment to PSO during next month.

Meanwhile, briefing the NA body on petroleum and natural resources, PSO Managing Director (MD) Irfan Qureshi said that PSO dues against its clients had exceeded Rs 105 billion. He said that PSO required Rs 57 billion to mature Letters of Credit (L/Cs) for oil import. “PSO may default its L/Cs by April 20 if it is not provided Rs 57 billion,” he warned.

The Oil and Gas Development Company Limited (OGDC) authorities informed the NA body on petroleum and natural resources that litigation issues were resulting in loss of oil and gas. “The country is losing 6000 barrels per day crude oil, 300 MMCFD natural gas and 500 tons LPG per day due to litigation,” OGDC officials said.

Sui Southern Gas Company Limited (SSGC) representative said that the company was to receive Rs 35 billion from its clients on account of gas supply and refunds from FBR. The outstanding of SSGC against KESC stands at Rs 17 billion and Rs 4 billion from Water and Power Development Authority (Wapda). The gas utility is to receive Rs 10 billion on account of refund from Federal Board of Revenue (FBR).

Energy, Oil, Pakistan ,

Wind vs Gas in Texas

March 11th, 2010

The conflict between proponents of wind energy and those who oppose it is heating up in Texas. The growth of wind power has attracted powerful critics: the owners of natural-gas power plants.

The gas and wind factions have been clashing over the state’s operating rules for the past several months. The gas people say the playing field is tilted in wind’s favor; wind accuses gas of trying to snuff out the nascent wind energy sector.

tx_windmillThe success of wind power in Texas has come at the expense of natural gas. If the wind build-out continues, by 2013 the amount of gas consumed to make electricity could fall by 18.5%, as gas plants sit idle for longer, according to Tudor Pickering & Holt, a Houston-based energy investment bank.

At the heart of the battle is a fight over the vicissitudes of wind itself. The wind industry argues that since it can’t control when the wind blows, it shouldn’t be held to the same rules that require everyone else to make payments when they fail to deliver promised power. The natural-gas generators say everyone should operate under the same rules, and lament that wind’s success is merely coming at the expense of another relatively clean energy source.

Similar fights are shaping up elsewhere. In the Midwest and Wyoming, fossil-fuel companies are questioning whether wind is getting too many advantages from government.

The lure of harnessing the wind has attracted big players. Wind-farm developers include NextEra Resources, a division of FPL Group Inc., the giant Florida-based power company, and E.On AG, the huge German power company. General Electric Co. is a major manufacturer of 400-foot-tall wind turbines and United Technologies Corp. recently entered the field.

Via: WSJ

Clean Technology, Natural Gas, Wind

Windbelt: Wind Powered Generator for Families

March 9th, 2010

Windbelt is a small-scale wind power technology that was first announced a few years ago. The Windbelt was devised as a wind power generator to meet the very modest power needs of families in third-world countries. The device is revolutionary for being non-revolving — most wind power is produced by something going around in a circle and turning on an axis to drive a generator. Windbelt, however, uses the oscillation of a thin strip of material held in tension with a spring to vibrate a magnet that generates electrical power.

windbelt-ed02

Source: Inhabitat

Energy, Renewable Energy, Wind

Twitter Weekly Updates for 2010-03-07

March 7th, 2010
  • Can Brands Launch Sustainable Campaigns Without Being Accused of Greenwashing? http://bit.ly/c7Kw7t (via @fastcompany) #
  • Mitsubishi completes new giant solar cell plant: BusinessGreen.com… http://bit.ly/duVUor (via @GreenEnergyNews) #

Energy

100 Remote Villages to be Provided Electricity Through Solar Power

March 7th, 2010

Pakistan Ministry of Water and Power would provide electricity to around 100 villages through solar energy during this year as part of its programme to ensure light in every village of the country. Electrification through Renewable Energy Technologies in remote and off-grid villages of country is the prime focus of the government which has initiated projects not only to overcome power shortage but also to electrify the remotest parts, said an official at the Ministry.

The official said a project has already been approved to electrify 400 remote villages of Sindh and Balochistan through solar energy. Around 49 villages (3000 households) have been electrified in district Tharparker using solar energy through government own funds.

The funds for remaining work in Sindh and the projects in Balochistan are being negotiated with the donors and are expected to be initiated during this year. Moreover, 100 Solar Home Systems in three villages of district Dera Bugti, 119 Solar Home Systems in 10 villages of Deh Tiko Baran district Jamshoro, Sindh and 200 Solar Home Systems in 16 Villages of district Khuzdar, Balochistan are also being installed through which thousands of people would be facilitated.

The official said in view of the electricity crises in the country the government has given a serious thought to both short and long-term measures. Public sector hydro plants with generation capacity of 347 MW will be added to the system at a cost of US $500 million and 1,700 MW of high efficiency public sector thermal generation would start generation between end 2010 and upto 2012. The outlay for these projects is estimated as US $1.5 billion.

Read more…

Consumers, Electricity, Energy, Pakistan, Renewable Energy, Solar, power

Solar Panels In Roof Tiles

March 3rd, 2010

Converting to solar energy means covering a roof in unsightly solar panels. Not necessarily: Philadelphia company SRS Energy has developed the Solé Power Tile, a roof tile designed to sustainably convert sunlight into electricity without compromising aesthetics. The dark blue tiles, manufactured by SRS Energy, are jointly branded and distributed by US Tile and specifically designed to be compatible with the clay roof tiles manufactured by US Tile. Customers who purchase clay tiles will be given the option to upgrade a section of their roof to Solé Power Tiles. When installed, the system can offset a large proportion of a homeowner’s energy costs—not to mention cleaning their carbon conscience. The tiles are available in select West Coast markets this autumn, with a nationwide rollout planned for spring 2010.

SRS Energy says that the Solé tiles, made from a high-performance polymer often used in car bumpers, are lightweight, unbreakable and recyclable. Flexible solar technology by United Solar Ovonic is embedded inside each tile, allowing them to function independently of each other. Meanwhile, the performance of the system as a whole is monitored remotely by SRS Energy and US Tile. The director of engineering at SRS Energy is J.D. Albert, who also developed the electronic ink technology used in Amazon Kindle and the Sony Reader.

What’s so attractive about the Solé Power Tile system he and his team have produced is that it makes it easy for consumers to make a green choice, without having to settle for a product they find unappealing. With more tile styles and colours in the pipeline, SRS Energy could soon be enjoying a big chunk of eco-bounty, as will any other company that can remove the disincentives from sustainable technology.

Website: www.srsenergy.com

Buildings, Energy, Solar

Cisco Building

March 2nd, 2010

This video explains how Cisco Building Technology works.

Buildings, Clean Technology, Energy

Trend: Energy Usage Monitoring Tools

March 1st, 2010

One of the trends for saving energy is that of energy monitoring at home or work. Companies are planning to launch wireless energy dashboards that will sit in your home, monitor energy data from your electricity meter and let you know if you’re being an energy hog. As reported by Earth2Tech:

While tech firms have been trying to sell you on the “digital home” for years — complete with wireless networks that can do everything from control your entertainment equipment to operate high-tech security systems to roast a chicken — the new energy management firms are keeping it simple by using low-cost hardware and open standards to monitor energy data.

This year is particularly important to these mostly young companies, as President Obama has pledged to help utilities install 40 million more smart meters (basically digital meters that create a 2-way connection with the power grid and the utility). Smart meters installed at homes can unleash data about the fluctuating price of electricity throughout the day, enabling consumers that have energy management tools to shift energy consumption to the time of day when power is cheapest. For utilities, that can mean better management of the power grid and eliminate the need to build out expensive power generating systems.

A half-dozen companies are launching their first energy dashboards this year, and a few others are starting to gain traction with already available online tools. One of the biggest differences between these firms is whether companies will sell directly to the consumer or to utility partners for upcoming smart meter rollouts. Several of the already-available options for consumers bypass smart meters and utilities and just help the interested consumer with a standard electricity meter. They’re cheap and available online, but they provide less detailed data.

Conservation, Electricity, Energy

KESC Starts New 220 Megawatts Plant

February 27th, 2010

Karachi Electric Supply Company (KESC) recently inaugurated its new 220 MW (megawatt) Combined Cycle Power Plant located in Korangi. The plant, owned and operated by the KESC, has been completed with an investment of Rs 16 billion. It consists of four latest, state-of-the-art high-efficiency gas turbines, one steam turbine and other plant equipmentNote that Abraj Capital assumed management control of KESC in late 2008. The current deficit of electricity in the system stands at around 3,500 megawatts. The KESC has started pre-construction activities for a new 560 megawatts combined cycle power plant at Bin Qasim which would be functional in one and half year

All the big shots, Prime Minister,  Sindh Governor Dr Ishratul Ebad Khan, Chief Minister Qaim Ali Shah, Education Minister Mazharul Haq and others were also present on this occasion. The Prime Minister said that a mix of moderate generation capacity projects like Duber Khwar, Jinnah Low Head Mianwali, Nandipur, 3 Chashnupp, 121 Mega Watts Allai Khwar, Bhikki Power Plant and Liberty Power Tech are some of the prominent power projects in thermal, nuclear and hydro sectors.

Prime Minister said that theft of electricity and non-payment of dues are the biggest reasons of bringing this sector under crisis. “It is a vicious cycle which affects investment in the system and needs to be broken through building better coordination among all stakeholders in the city of Karachi,” he added.

Read more…

Electricity, Energy, Infrastructure, Natural Gas

Solar Cells Use Nanoparticles to Capture More Sunlight

February 22nd, 2010

As part of our new technology series, this post looks at use of nano particles to improve solar energy performance. This report comes via Technology Review.

Inexpensive thin-film solar cells aren’t as efficient as conventional solar cells, but a new coating that incorporates nanoscale metallic particles could help close the gap. Broadband Solar, a startup spun out of Stanford University late last year, is developing coatings that increase the amount of light these solar cells absorb.

plasmonics_x220

Solar antenna: The square at the center is an array of test solar cells being used to evaluate a coating that contains metallic nanoantennas tuned to the solar spectrum. Credit: Brongersma lab, Stanford

Based on computer models and initial experiments, an amorphous silicon cell could jump from converting about 8 percent of the energy in light into electricity to converting around 12 percent. That would make such cells competitive with the leading thin-film solar cells produced today, such as those made by First Solar, headquartered in Tempe, AZ, says Cyrus Wadia, codirector of the Cleantech to Market Program in the Haas School of Business at the University of California, Berkeley. Amorphous silicon has the advantage of being much more abundant than the materials used by First Solar. The coatings could also be applied to other types of thin-film solar cells, including First Solar’s, to increase their efficiency.

Broadband believes its coatings won’t increase the cost of these solar cells because they perform the same function as the transparent conductors used on all thin-film cells and could be deposited using the same equipment.

Broadband’s nanoscale metallic particles take incoming light and redirect it along the plane of the solar cell, says Mark Brongersma, professor of materials science and engineering at Stanford and scientific advisor to the company. As a result, each photon takes a longer path through the material, increasing its chances of dislodging an electron before it can reflect back out of the cell. The nanoparticles also increase light absorption by creating strong local electric fields.

Energy, Innovation, Solar, research