...Energy sector All businesses depend directly on the energy sector which is the largest single market in the world. Some energy companies trade in fossil fuels (coal,gas and petroleum) while others supply electricity or fuel to end users.Many of the products derived from petroleum, like plastic, chemicals and fertilizers are essential components or ingredients for industry. As petroleum reserves become scarcer this drives up oil prices and encourages companies and governments to develop alternative or renewable energies .Increasing energy consumption is creating pollution and causing global warming. An increasing number of petroleum geologists have warned that official estimates of available global oil reserves are dangerously exaggerated. For energy companies, proven oil and gas reserves are their primary indicator of economic health. There may be considerably less oil in the world than the oil-producing countries and energy companies claim and it would be logical to expect that oil production could peak far sooner than predicted. For economy still reliant on fossil fuels the effects would be catastrophic. All major players In the oil business insist that there will be enough oil to last well through the 21 st century. The optimistic oil-reserve estimates also fail to take into consideration one vital question what will happen if global demand for energy continues to rise? The consequences of overestimating the global oil supply would be devastating. In the...
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...Energy & Geostrategy 1. Europe's dependence on Russian gas - 30% of Europe's gas comes from Russia and some nations are 70-100% dependent - dependence gives Putin political leverage - why is this an issue? - Lets look back to 2006 - Gazprom (SOE of RUS) raised NG prices from 50 - 230/1000 cubic meters unilaterally for the Ukraine (to exercise their influence) -> Ukraine denied the price hike and the pipes were turned off. As Ukraine is comprised of many Soviet-era pipelines and these pipelines supplied 80% of the 25% of gas that Europe depends on RUS for Austria, France, Germany, Hungary, Italy and Poland all reported gas pressure in their pipelines down 30%. - Yes, Europe has made progress since then to decrease dependence but is still relies on Russian gas via Ukrainian pipelines for 15% of its gas - with decreasing production of Norwegian and Britain gas (increasing offshore drilling prices) - this number only looks to increase - Europe is on a steady, but fragile recovery after the credit crisis. One thing is for certain - to continue this growth energy is needed - next point 2. Americas role in coming decades - between the period of 2008 - 2013 US has increased crude oil production by 50%. They have surpassed Russia's production and are set to pass Saudi Arabia as yearly as next year. The US is set to not only become an energy exporter but a energy superpower. - what implications does this have? - as US production...
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...The Energy Sector: A Quick Tour for the Investor November 2013 Investment Support and Promotion Agency of Turkey ©2013 Deloitte Türkiye. Member of Deloitte Touche Tohmatsu Limited Disclaimer Republic of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT) submits the information provided by third parties in good faith. ISPAT has no obligation to check and examine this information and takes no responsibility for any misstatement or false declaration. ISPAT does not guarantee the accuracy, currency, reliability, correctness or legality of any information provided by third parties. ISPAT accepts no responsibility for the content of any information, news or article in the document and cannot be considered as approving any opinion declared by third parties. ISPAT explicitly states that; it is not liable for any loss, negligence, tort or other damages caused by actions and agreements based on the information provided by third parties. Deloitte accepts no liability to any party who is shown or gains access to this document. The opinions expressed in this report are based on Deloitte Consulting’s judgment and analysis of key factors. However, the actual operation and results of the analyzed sector may differ from those projected herein. Deloitte does not warrant that actual results will be the same as the projected results. Neither Deloitte nor any individuals signing or associated with this report shall be required by reason of this report to...
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...The renewable energy sector in Bulgaria One of the conditions for Bulgaria to join the European Union was that by 2010, the country should be able to produce at least 10 per cent of its energy through renewable sources, wind, biomass, hydro, geothermic or solar energy, while by 2020 it has to reach 16 per cent. In this paper we will look at some of the conditions and companies which contribute to reach this percentage. 1. First of all we will point out some of the prerequisites for successful development. It seems out that Bulgaria is really suitable country for the development of renewable energy. First of all, we have lower cost of labor compared to other countries. What is more, Bulgaria has very appropriate geographical location in combination with comparatively low cost of land to buy up or in concession. One of the biggest advantages of our country, which is attractive for investors, is the tax of only 10%. On the other hand, there were some disadvantages which had hindered the development of renewable energy in Bulgaria. One of it was the cost of electricity which has been far lower than many other parts of Europe and this has been a high barrier to entry for many consumers as there was no reason for them to make an investment in the solar installation.This has now changed because the utility prices in this country are now on a par with the rest of Europe and the Government has introduced incentives to encourage solar use. According to reports on biodiesel consumption...
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...ENERGY: Indian Demand- Supply Gap © Zinnov LLC. All Rights Reserved. 138 South Queenscliff Circle, The Woodlands, Texas -77382 Fax 1 419 844 2583 • Phone (US) 1 832 326 3854 • (INDIA) + 91 80 227 3130 Email: pari@zinnov.com W H I T E P A P E R W H I T E P A P E R 2 ENERGY: Indian Demand- Supply Gap Table of Contents ENERGY: Indian Demand- Supply Gap ...................................... 1 1.0 Overview ......................................................................... 3 1.1 Drivers and Inhibitors in Energy Sector..................................... 3 1.2 Major Industry Players............................................................ 4 2.0 Demand Supply Scenario .................................................... 4 2.1 Demand................................................................................ 4 2.2 Supply .................................................................................. 5 3.0 Primary Energy Requirements of India ............................... 6 4.0 Regulatory Framework ....................................................... 9 5.0 Conclusion ........................................................................ 10 Disclaimer: ............................................................................. 11 W H I T E P A P E R Overview ENERGY: Indian Demand- Supply Gap 1.0 Overview Energy sector in India is one of the most challenging sectors for global players given the presence of large profit making...
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...vardhan429@gmail.com ABSTRACT:- Human history can be told in terms of the history of energy. The discovery of fire, the domestication of animals, the discovery of fossil fuels, the electrification of cities, the oil wars in the Middle East, and advances in nuclear physics are all pivotal points in human history. Energy is a multifaceted concept; it is central to science and education, it plays pivotal role in economic growth, and it has a dominant position in international affairs. Conventional energy sources are major sources of environmental stress at global as well as local levels. Emissions from fossil fuels drive a range of global and regional environmental changes, including global climate change, acid deposition and urban smog. Coal mining disturbs vast areas of natural habitat, hydropower development can have significant environmental and social costs, and the exploration for and extraction of oil and natural gas can have significant impacts, particularly in sensitive ecosystems. In today’s world the main problem that is being faced by every country is inadequate generation of energy generation and this is mainly happening due to the ever increasing population and needs of the human beings so we need new type of energy resources to meet our ever growing needs such resources can be termed as renewable resources which last forever and these should also be eco-friendly Such energy resources are photo-voltaic, hydrogen, water, nuclear. In this paper I’m going to discuss...
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...Constructing Change: Energy Efficiency and India’s Buildings Sector “The urban sprawl is creating unique challenges and opportunities related to natural ecosystems. As a result, policy makers need to think innovatively about a range of issues from land-resource planning to broader ecological and energy implications. The resulting challenges include reducing pollution, increasing biodiversity, managing peak energy demand and cost, heat-stress health implications, and ensuring an adequate supply of water and nutrients.” Radhika Khosla February 21, 2012 In 2008, for the first time ever, the urban population of the world outnumbered that of the rural. This visible trend has escalated over the last couple of decades; projections suggest that by the end of the twenty-first century, 80 percent of the world’s population will live in cities (which occupy 0.05 percent of the Earth’s surface). Rapid urbanization is creating vast opportunities through an unprecedented demand for the construction of buildings, which already account for more than 30 percent of India’s total electricity consumption. In line with expanding development, the country’s buildings sector is expected to increase five-fold from 2005 to 2050. India is at a unique crossroads where two-thirds of the commercial and high-rise residential structures that will exist in 2030 are yet to be built. Implementing energy efficiency in buildings that are being constructed in the next ten years thus presents a singular...
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...IAE Université Jean Moulin Lyon 3 General Management Program – 2012/2013 Business Economics BENIN – COUNTRY STUDY FOR INVESTMENT IN SOLAR ENERGY SECTOR Compiled by: Thi Hien Anh Nguyen Thi Hien Anh NGUYEN 2012 PREAMBLE This report is prepared as a preliminary research based on hypothetic scenario of an investment project of EUR10 million in solar energy sector in Benin. The report hence firstly focuses on the analysis of Benin’s macro-environment, including the political, socio-demographical, economic, legal and ecological environments which might impinge on the project. The report then goes further in analysing the current situation of the energy sector in Benin and the prospects offered for the solar energy sector in Benin. I/ BENIN – COUNTRY CONTEXT AND PROSPECTS 1. Country overview Benin (French: Bénin, formerly Dahomey), officially the Republic of Benin (French: République du Bénin), is a country in West Africa. Situated in the Gulf of Guinea, it is bordered by Togo to the west, by Nigeria to the east and by Burkina Faso and Niger to the north. A majority of the population live on its small southern coastline on the Bight of Benin. The capital of Benin is Porto-Novo, but the seat of government is in Cotonou, the country's largest city. Benin covers an area of approximately 110,000 square kilometers (42,000 sq mi), with a population of approximately 9.1 million. Benin is a tropical, sub-Saharan nation, highly dependent on agriculture, with substantial employment...
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...country s energy sector is more than one hundred years old, having been initiated in America. In later years, Europe also established regulatory agencies for the energy sector having seen the need for dedicated bodies to regulate what is often referred to as the engine of any economy - the energy sector. It has been argued that the steady development of the energy sector in the developing world is partly attributable to the presence of regulatory agencies, specifically focused on that sector. It is therefore not surprising that the developing world has decided to follow suit in recent years. Thus, at present, regulation is a worldwide phenomenon common in both the developed and developing countries. In fact, some countries without regulatory agencies in place feel left behind and are in a hurry to learn from countries with regulators in place. Over the years, the ever-increasing involvement of the private sector has reinforced the need for autonomous agencies to regulate the sector. Regulation has largely entailed balancing the needs of both consumers and utilities. Thus, through regulation, utilities are able to operate in an environment where they can get a reasonable rate of return on their investment, while providing a quality service to consumers. With the advent of regulation, there now exist generally distinct and clear roles for different players in the sector Government formulates policy, utilities provide the services while autonomous agencies regulate the sector. This...
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...SCMHRD The Future of the Power Sector An Analysis Tushar Alva Roll No-2009A06 Executive Summary The electricity sector in India is predominantly controlled by Government of India's public sector undertakings (PSUs) but the private sector is also catching up fast. India is world's 6th largest energy consumer, accounting for 3.4% of global energy consumption. Due to India's economic rise, the demand for energy has grown at an average of 3.6% per annum over the past 30 years. In March 2009, the installed power generation capacity of India stood at 147,000 MW while the per capita power consumption stood at 612 kWH. The country's annual power production increased from about 190 billion kWH in 1986 to more than 680 billion kWH in 2006. India faces a serious shortfall in power generation. During the tenth plan, only 23,000 MW of capacity was added against the original target of 41,000 MW. During the 11th plan, a target of 78,000 MW has been set. Anil Kakodkar, Chairman, Atomic Energy Commission, India had estimated that the per capita electricity generation would reach about 5300 kWh per year in the year 2052 and total about 8000 TWh. The Government of India has an ambitious mission of „POWER FOR ALL‟ BY 2012. This mission would require that the installed generation capacity should be at least 200,000 MW by 2012 from the present level of 144,564.97 MW. Power requirement will double by 2020 to 400,000MW. The ratio of energy generation and GDP growth should...
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...Management Working Group on Power for 12 Plan th Chapter 5 DEMAND SIDE MANAGEMENT ENERGY EFFICIENCY & ENERGY CONSERVATION 5.0 INTRODUCTION Improving the efficiency with which energy is used to provide economic services meets the dual objectives of promoting sustainable development and of making the economy competitive. Energy Efficiency & Conservation has also assumed enhanced importance with a view to conserve depleting energy resources. Over the past one decade energy efficiency in India has been increasing at a good trot, and energy intensity declined by about 20-25%. Yet there are places where energy efficiency opportunities continue to exist largely because of a range of market failures, information, risks and split incentives. This has led the Government of India through the Energy Conservation Act and the Bureau of Energy Efficiency to launch several programs. The Energy Conservation Act (2001) is the most important multi-sectoral legislation in India and is intended to promote efficient use of energy in India. The Act specifies energy consumption standards for equipment and appliances, establishes and prescribes energy consumption norms and standards for designated consumers, prescribes energy conservation building code for efficient use of energy in commercial buildings, and establishes a compliance mechanism for energy consumption norms and standards .Large scale energy savings can be realized through strengthening of the existing policies, schemes as well...
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...Introduction 4 2. Demand of power 4 2.1 Energy demand with respect to sector has been continuously changing in India. 5 2.1.1 Agricultural sector 5 2.1.2 Industrial sector 5 2.1.3 Domestic Sector 5 3 Supply of power 5 4. Indian Power sector Growth – Recent and Future 5 5. Transmission and Distribution – 6 5.1 National Power Grid 7 5.2 Losses in T & D 7 5.3 Measures that can be taken to reduce losses are: 8 5.3.1 For Technical losses: 8 5.3.2 For Commercial losses: 8 6. India’s energy mix – Future investment required 8 7. Environmental issues 9 8. Sources of power 9 8.1 Coal 9 8.2 Natural Gas 10 8.3 Hydro power 10 8.4 Nuclear sources of power 10 8.5 Renewable sources of power 11 8.5.1 Solar power 11 8.5.2 Wind power 11 8.5.3 Biomass power 11 9. Regulatory changes 12 10. Disinvestment & consolidation 12 11. Challenges: 13 Appendix: 14 Appendix I 14 Appendix II 14 Appendix III 15 Appendix IV 16 Appendix V 16 Appendix VI 16 Appendix VII 17 References: 18 Executive Summary Availability of power is one of the important ingredients for industrial growth. It is an important infrastructure facility without which any industrial activity cannot be thought of in modern times. In the report, the main parameter used is the increase in the demand of power in India. Assuming a growth of 8%, the projected energy demand will be about 3600 billion kWh, almost 5 times the current demand. Based on the demand growth and the energy mix proposed in the next five year...
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...Topic 5: Power in India Introduction For any country to achieve sustained economic growth, the most important is the growth of infrastructure sector and hence the development of power sector. Energy in general and electrical energy in particular is the basic need for any kind of socio-economic developmental activities. There is direct causal relationship between energy consumption and G.D.P. growth in India as shown in the figure - 1. Figure [ 1 ] Per Capita Electricity consumption vs. GDP (Source: Sajal Ghosh, 2000. Electricity consumption and economic growth in India.) Various studies have shown that reducing electricity consumption lowers the income also. Therefore, for a country to become superpower, first and the most important thing is to become energy sufficient like USA and other developed countries. Electricity: Demand and Supply in India India has achieved an increment of 5.6% in energy availability and 6% in peak demand met as per FY 2010-11 data but at the same time our country faced an energy deficit of 8.5% and a peak deficit of 9.8% in the same year. The expected values of these deficits are 10% and 13% respectively in FY 2011-12. Figure 2 Energy Requirement vs. Availability (Source: CEA Load Balance Report 2011-12) Figure [ 3 ] Peak Demand vs. Met Demand (Source: CEA Load Balance Report 2011-12) India is among the countries having very low average per capita consumption of electricity. Though it has grown steadily at 1.3% CAGR yearly...
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...The aim of this report is to empirically analyze the relationship between interest rate, inflation, loan disbursed to textile sector, energy crises and yarn prices with textile sector growth in Pakistan during 2001 to 2011.Dependent variable is Textile sector growth Independent variables are Interest rate,, Inflation, Energy crisis, Price of cotton yarn and Loan disburses to textile sector. The aim of this report is to empirically analyze the relationship between interest rate, inflation, loan disbursed to textile sector, energy crises and yarn prices with textile sector growth in Pakistan during 2001 to 2011.Dependent variable is Textile sector growth Independent variables are Interest rate,, Inflation, Energy crisis, Price of cotton yarn and Loan disburses to textile sector. “Impact of Energy Crisis, Interest Rates and Inflation on Textile Sector of Pakistan” Term Report, Fall 2015 “Impact of Energy Crisis, Interest Rates and Inflation on Textile Sector of Pakistan” Term Report, Fall 2015 Submitted by: Zehra Hasan Zaidi, Sana Shamim,Hamza Nadeem, Abeer Salman Submitted by: Zehra Hasan Zaidi, Sana Shamim,Hamza Nadeem, Abeer Salman LETTER OF TRANSMITTAL 1st December 2015 The Course lecturer Analysis of Pakistani Industries Institute of Business Management Korangi Creek, Karachi. Dear Madam, SUBJECT: TERM REPORT We feel immense pleasure in presenting to your good self, the term report as part of our course requirement. We found this report to be truly challenging...
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...Background to the Study Energy is crucial to any activity. It is difficult to imagine any activity that will not require some form of energy to execute. Energy, presents itself in diverse forms for the functioning of various machinery. Energy sources all around the world are crucial for production; a relation can thus be drawn between productivity levels and energy consumption. Renewable energy supply form solar, wind, geothermal, bio energy, hydropower, ocean, hydrogen and fuel Cells as well as green power are vital to our survival as a human race. These sources of energy are important because, they are clean and pose little danger to our environment than energy from fossil fuel. Additionally renewable energy...
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