All posts published on GWI for the Week Ending 9th September, 2012:
The problems faced by the electricity companies in India are quite well known…….The root cause of the problem is the Indian Government which has been stuck in paralysis for the last 2-3 years…….. Problems of Power Industry in India…… Lack of fuel, distribution and transmission sector, coal industry has come under fire from the Auditor General, Foreign governments have imposed duties and taxes on coal exports, Gas power plants are stranded.
India’s Sahara Group has a huge presence in the media, real estate, financial and hospitality sector……. The business conglomerate which is led by Subroto Roy however remains shrouded in mystery about its funding……. The group has of late been on a buying spree taking over iconic hotels for hundreds of millions of dollars in New York and London.
India’s business houses are hardly the paragons of virtue as everyone knows. Many of the business houses are known to siphon money from the public companies to their private……… common schemes used by companies to defraud investors…..Assocham which is India’s premier industry association however does not want to improve the corporate governance of its members.
The Indian Wind Energy Industry is currently under a lot of stress as subsidies and incentives have been withdrawn towards the sector. This has led some of the wind industry companies to sharply reduce their projections of demand in 2012 to fall by around 66%…….. The TINA factor is set to boost the growth of renewable energy in India ……… A 14-15% ROI on wind energy investments
When you talk about solar energy, most of the world’s attention is directed towards Germany which has installed an incredible 7 GW of solar power……… massive solar boom in Australia has dramatically changed the power dynamics in the country……… The boom has been particularly intense in the state of Queensland where an expiry of a solar feed in tariff led to a huge pull in demand.
Industry in India is facing hard times with growth rates having plummeted in 2012 due to various factors the biggest of which is bad and corrupt governance…….. High Land Costs and problems in Land Acquisition, Higher interest rates, No Power, Bad Roads, Militant Labour
The retrenchment in the Investment Banking Business seems to be never ending with a DB report predicting further job losses in the sector……. Jobs in Investment banks are being ruthlessly cut since the beginning of 2012, as the revenues and profits of these banks disappear……. Fierce competition in the industry is set to continue over the next 2 years as the revenue pool is set to shrink further……..
India has sharply increased its target for Renewable Energy in the next 5 years to 30 GW from the earlier 17 GW…… Though the Government has increased the green power target there are huge hurdles to achieving the target…… India plans to meet 50% of the renewable energy increase from wind energy.
Australian Solar Power has seen a massive boom of rooftop solar power plants as various states in Australia have offered generous solar rebates……. The fall in solar module price from $2 watt a year ago to around 65c/watt…. Victoria has now cut the solar feed in tariff drastically to just 8c/kwh from 25c/kwh ……… Solar Rebates in Victoria
The story of princelings in China is quite well known with the sons and daughters of powerful members of the Chinese Communist Party…….. In China “guanxi” and “jugaad” in India are essential for a citizen to rise above stark poverty……… The fall of Bo Xilai in China has shown how millions and billions of dollars have been illegally stashed in foreign banks accounts and real estate by corrupt Party officials
There are hardly any rooftop solar panels on homes in India due to lack of knowledge, government support and distribution……. The Indian Government is now set to bring out a policy to promote the leasing out of rooftops for buildings of solar arrays…….. utilizing empty rooftops on buildings makes more sense as it does not require scarce land acquisition and also reduces transmission costs for utilities.
Sharp Industries is in a very bad shape losing billions of dollars last year as its TV and solar panel business floundered …….. Sharp had stuck a deal with Hon Hai, the world’s largest OEM electronics manufacturer and owner of Foxconn ….The Taiwanese company not only wants a financial stake ………