મેટ્રિક્સ
 
 

આઈએફએસએલ

બીએસઈ: 531998  |  ઍનઍસઈ : N.A  |  ISIN: INE414F01022  |  Finance - General

શોધો આઈએફએસએલ કનેક્શન
ચેરમેનનું ભાષણ વર્ષ : Mar '05
I have great pleasure and pride in addressing you in my maiden
 statement as Chairman of the IFSL. Pleasure, because we are all part of
 a Company which is in one of the most attractive industry segments.
 Pride, because in a relatively short time-span, IFSL has taken
 significant strides in implementing greeenfield renewable energy
 projects, which are environment friendly. I take this opportunity to
 outline the global and domestic perspective for the power industry and
 the role that we envisage for ourselves within it.
 
 OVGRVIGW
 
 The role of energy in economic and social development cannot be
 overemphasized Fossil fuels (coal, oil and natural gas) will continue
 to dominate the energy supply situation for the foreseeable future
 across the globe. Much of the increased demand will be led by
 developing countries who are reporting rapid economic growth and rising
 population. Therefore, a sharp increase in energy services is required
 to improve the standard of living of growing populations in such
 countries.  foresee that a significant portion of this increased supply
 will come from renewable sources, because they help both in the
 
 containment of environmental impact and ease the pressure on
 conventional energy sources.
 
 THE INDIAN SCENARIO
 
 Low per capita consumption presently half that of China (475 kWh per
 annum vs. 1,020 kWh per annum). This, in itself represents a huge
 demand driver. In addition, accelerated industrial growth point towards
 the requirement of almost twice the present generation capacity in our
 country.
 
 Fortunately for us, almost 89 per cent of our energy structure in power
 generation is from indigenous sources. Only 11 per
 
 of electric power generation is dependent on oil and natural gas which
 is mostly imported at enormous cost. 2-3 million tonnes of oil
 contribute one per cent of this, while the balance ten per cent is
 coming from high cost gas supplies.
 
 The consumption matrix of India shows dependence on coal as a primary
 source of energy. However, coal being a fossil fuel, is limited in
 supply. Moreover, oil and gas prove to be expensive energy sources
 given our import dependence. Also, these sources emit a huge volume of
 carbon dioxide which is detrimental to the ecological system in the
 long run.
 
 Therefore, in my opinion, sustainable energy sources such as hydro
 power and renewable energy (presently accounting for only five per cent
 of total energy supply) assume importance and offer potential for
 growth.
 
 The government has also recently become conscious of these impending
 realities.This cognizance is reflected in the recent policy initiatives
 such as the Electricity Act and fiscal
 
 incentives announced for investment in the energy sector. It is
 interesting to note that the Governments Plan allocation for 2005-06
 for the power sector stands at almost Rs.21,914 crore. This comprises
 Rs.3,000 crores of gross budgetary support and Rs. 18,914 crores of
 internal and external budgetary resources. Rs.1100 crores have been
 allocated for rural electrification alone. These figures imply
 aggressive investment in the power sector in India. However, it would
 entail increased private participation and a greater reliance on
 non-conventional energy sources.
 
 RENEWABLE ENERGY AS A VIABLE ALTERNATIVE
 
 The potential for renewable energy in India is estimated at a
 staggering 100,000 M W. The areas of solar, wind and biomass energy
 seem poised for aggressive growth given the greater environmental
 consciousness to reduce carbon emissions and impetus on conserving
 fossil fuel. However, only a fraction of the aggregate potential in
 renewables has
 
 been utilised so far. The governmental shift in focus was initiated in
 1992 by the Ministry of Non-conventional Energy Sources (MNES), when it
 announced a new strategy and action plan to replace subsidy-driven
 programmes with incentive * driven commercialisation.
 
 ENERGY FROM MUNICIPAL WASTE - A WIN-WIN PROPOSITION
 
 Urban wastes are a menace worldwide, but yet represent a potential
 source of untapped energy. Class-I cities generate an estimated 27
 million tonnes of solid waste annually and almost 4400 million cubic
 metres of sewage. The quantity of industrial waste is also very large.
 Converting this waste to energy or to other useful by-products (such as
 compost) will help reduce the volume of wastes to be handled (to almost
 90 per cent). It will also liberate precious land, reduce waste
 disposal cost and lower health risks. As such, waste to energy
 represents a win-win proposition. The estimated energy potential of
 municipal waste in the country is almost 1700 M W. This translates into
 potential revenues of over Rs. 5000 crores in the prevailing context
 representing an attractive opportunity for a company such as IFSL.
 
 IFSL - VISIONARY THOUGHT, PIONEERING INITIATIVES
 
 IFSL is a full service organisation providing end-to-end turnkey
 
 solutions in the field of generation of energy from non- conventional
 energy sources. IFSL aims to be the leading Indian non-conventional
 energy provider in three years. The avenues being targeted are
 municipal solid waste, rice husk for biomass power, hydro and wind
 energy. The immediate focus, however, is on the waste-to-energy
 segment.
 
 Besides, environment friendly energy production will enable the company
 to generate substantial revenue from the sale of carbon credits. Under
 the Clean Development Mechanism or Emission Trading, the cash flow from
 such sale is expected in the region of Rs 75 mn per annum till 2016.
 
 Our pioneering status allows us to extract first mover advantages and
 create a market for environment friendly energy production not only in
 the country but globally. The near term thrust will make IFSL a major
 player across South Asia and the Middle East. In the long term, IFSL
 will have a substantial presence in Africa, South America and Europe.
 
 IFSL has made considerable progress in combining its focus on
 world-class technology with cost effective operations and is confident
 that the sector will be able to replicate the Indian IT success story.
 Our management is powered with an ideal mix of highly qualified and
 successful professionals with a visionary approach and aggressive
 project management capabilities.
 
 CREATING DOMESTIC AND PAN-ASIAN CAPABILITIES
 
 IFSL has already made significant progress in the establishment of
 waste-to energy projects across India. These projects will be
 operational from the next financial year and will account for
 significant revenues in the future.
 
 The company, through its wholly owned subsidiary, has already signed an
 agreement with the Kalyan Dombivili Municipal Corporation for the
 treatment of 500 tonnes of waste daily to produce 8 M W electricity.
 The necessary agreements related to waste supply, land lease and power
 purchase agreements have already been signed with the KDMC. The project
 is also eligible for sale of carbon credits.  The project is expected
 to be operational in October 2006.
 
 IFSLs vision and foresight has been reinforced by its successful
 International foray. The company seeks to create and manage a presence
 in high-growth regions of Asia.
 
 The companys presence has already been established in Indonesia, with
 the bagging of a prestigious 1000 tonnes per day waste to energy
 project to be implemented on a turnkey basis valued at USD 48 million.
 On completion, this would yield 10 MW of electricity apart from 350
 tons per day of bio fertilizer. The project is being executed through
 an exclusive
 
 technology sharing arrangement with ENTEC Biogas Gmbh, a leading global
 technology company from Austria. IFSL is negotiating other similar
 projects in Indonesia as well as, Qatar and Teheran.
 
 CONCLUSION
 
 find that the advances towards sustainable energy use are taking place
 at a fast pace globally, especially after the implementation of the
 Kyoto Protocol from February, 2005.  We are committed to enhancing
 international cooperation for the use of renewable energy and the
 development and dissemination of innovative energy-related technology.
 Our commitment will be borne out by the various initiatives have
 outlined above, and will lead to the creation of superior stakeholder
 value.
 
                                                           Warm regards
                                                           SS Dua
                                                           Chairman
સ્તોત્ર: રેલીગેર ટેકનોવા


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