Words of Wisdom from a Senior GoI Bureaucrat

Today I attended a talk by a senior adviser to the Ministry of Power, Government of India.
The talk confirmed some of the initial hypothesis I had about Indian energy sector.

As per him, below are some of policy imperatives required to improve the energy sector in India:

1. Remove entry barriers & raise competition. Level the playing field in exploration, extraction, conversion, transmission & distribution of energy.
2. Institute reforms in pricing, taxing & subsidizing different forms of energy to promote optimal fuel choices and allocation of resources.
3. Ensuring lifeline level of energy access
4. Strengthen or introduce independent legislation
5. Augment & diversify energy options, sources and energy infrastructure.

The learned speaker also talked about the conflict between the interests of the politicians of this country and its people. It was depressing to hear that 2/3 rds of India does not have access to safe and reliable energy even after 60 years of independence. And the sad part is that if things remain the way they are, the situation may be the same for the next 60 years also.

Warren Buffet's Big Battery Play

While it may take a few years to build large storage systems for grid connected power systems in India, there is a growing market for efficient batteries in the transportation sector. Given that India has an electric car maker in Reva and multiple electric 2 wheeler manufacturers, this could be a market to explore.

Betterplace - India. com?



http://www.greenbiz.com/blog/2009/05/26/warren-buffets-big-battery-play

"We've never really had storage capability on utility systems," Sokol told me recently, by phone. "Given the progress BYD has made on the technology of batteries for electric vehicles, the question is, how do we ramp that technology up so that we can use it for multiple purposes in the utility world?

"Probably the most obvious is the ability to store intermittent renewable resources, such as wind or solar," Sokol said.

Put simply, cheap battery storage at scale would address one of the biggest drawbacks to wind and solar energy, which is that, unlike coal or nuclear power, they are unpredictable -- you can only make electricity when the wind is blowing or the sun is shining.

Hola

A wise man told me that you need to learn a new skill every 2 years, to be happy in life.
Following his advice, I started learning about Clean Energy in 2009.
I have also never written a blog before, so I decided two is better than one.

I will try to share some of the stuff that I learn on Clean Energy Investing in India.
Let us see where this takes us.

Avancez !