Energy Business News

Solar power charging stations to be set up
The concerned institutions such as the Environment Public Authority and the Ministry of Electricity and Water in cooperation with a private company, are currently working on setting specific mechanisms for these stations, which will be established this year as a pilot project in preparation for generalizing this experiment after ensuring its success as well as according to the spread of this type of cars in the local market. The sources pointed out that the pilot station for charging electric cars shall be operated with solar energy and energy storage and will evaluate the project within a specified period of time to get conclusions.   Source :
First-of-its-kind tool to assess potential of rooftop solar in Bengaluru
Center for Study of Science, Technology and Policy (CSTEP), a non-profit think tank, is building a tool that can help identify most suitable rooftops to install solar rooftop photovoltaic (RTPV) plants in Bengaluru. CSTEP will help Bengaluru Electricity Supply Company (BESCOM) as a technology partner by using the aerial Light Detection & Ranging (LiDAR) technology to develop high-resolution three-dimensional maps of the city. “This first-of-its-kind tool can accurately assess the potential of rooftop solar in Bengaluru and the associated business case for all consumer categories,” CSTEP said. BESCOM aims to achieve a target of one gigawatt of solar RTPV capacity by 2021-22. The research organisation said that the tool would be launched in 2019 and will be made freely accessible by all BESCOM consumers to help them make investment decisions. “These efforts are aimed at a larger objective of enabling adoption of an integrated power-sector planning framework,” CSTEP said. The think-tank is also engaging with the Bihar government to understand the scalability of such an approach for strategic RTPV development.   Source:
Establishment of the first factory in Kuwait for photovoltaic panels with the support of the National Fund for Small Projects
In light of the general trend towards renewable energies and in response to the vision of His Highness the Amir Sheikh Sabah Al-Ahmad to produce 15% of the energy consumed in the country from renewable energies, several projects to produce this energy have come to light, perhaps the most important of which is the pilot projects of renewable energy Producing more than 3500 MW by 2030. In addition, there are other projects in other directions that are in the field of environmental sustainability and sustainable development and the search for alternatives to reduce the use of fossil fuels such as the import of machines and mechanisms working on solar energy and other projects, the most prominent of which is the first and only plant in Kuwait, Solarin photovoltaic panels supported by the National Fund for Small Enterprises. Kuwait has the potential and the natural resource is the sun, so the exploitation of this matter properly and with appropriate investments will make it a leading country in the field of renewable energies, whether manufacturing or production. First step is to localize these industries by persuading the market to adopt renewable energies both in supply and demand, pointing out that the factory was able to spread in the local market through a local product of high quality and vigorously and the efforts of Kuwaiti youth. The project to is the first and only in Kuwait to manufacture PV panels in 2017, where the began work immediately to start production in early 2018 that manufactures high quality products for the Kuwaiti market, the annual production volume was 5 MW, Producing 3 times that figure. The plant covers two types of domestic demand: the demand for large projects, government agencies and market demand.  Middle Eastern markets such as Saudi Arabia, Jordan and Iraq could be active markets for the Kuwaiti products in the event of expansion of these projects. There are no specialized industries for renewable energy in Kuwait.   Source:
Octa Energy Recharging for the Future or How Ukrainians Create an Ecosystem
The creators of Octa Energy consider that their competitive advantage is that they do not just custom charging stations, but create an ecosystem of their products. At the same time, all production is located in Ukraine, component materials - by 40% Ukrainian.  "This story began for me in the train Kiev-Odessa. It was there that I met the person who told me about the Octa Energy project and introduced it to its founders," one of the three owners, Alexander, wrote about the company creating charging stations for electric vehicles. Lunev. Alexander Omelkin and Andrei Smagalyuk offered to their new acquaintance, a radio engineer, who moved in 2014 from the Donbass to Kiev. This happened in August 2015. A little earlier, the idea of ​​creating charging stations for electric vehicles was born. Why this particular business? "I met a man who was involved in the distribution of electric cars, and he spoke about the problem of lack of charging stations. He asked me to make some kind of building where you could build sockets. I thought it would be nice to add something from electronics there, infected with this idea, Sasha (Alexandra Omelkina. - Ed.), and we began to develop the first charging station, ”Smagalyuk recalls.“ The understanding that it’s worth doing a separate business came at a time when we created a prototype, showed customers and it became clear it's clear that something can come of it. " Entrepreneurs collect charging stations in their small office. Practically all Ukrainian components, in particular, the boards are made at the facilities of Ukroboronprom, the outer case is also assembled in Ukraine. But the electronics have to be imported, since such components are not produced in Ukraine. The company realizes that on a global scale their charging stations are not an innovation, but in Ukraine such products as electric vehicles are still rare.   The creators of Octa Energy consider that their competitive advantage is that they do not just custom charging stations, but create an ecosystem of their products. “In fact, this is a single platform on which you can build charging stations - from the budget series to a complex business line. If we wanted to do something quickly and sell, we would not have the opportunity to produce the products that we have now,” - Alexander Omelkin explains. According to entrepreneurs, if many people buy ready-made products from foreign manufacturers, then integrate them into the Ukrainian market and sell them, then they all develop from scratch. Investment and monetization Initially, startup funding came from the own funds of the founders. “And now, if you need some serious investments, then we invest our money,” notes Alexander Omelkin. Both he and Andrei Smagalyuk continue in parallel with businesses that help them support the project. At the same time, Octa Energy has already received the first external injections - $ 35 thousand from the business incubator. According to the calculations of entrepreneurs, they have already invested about $ 300 thousand in their project. This is not only money, but also equipment, tools, materials, and labor. While the project is at the initial stage: sold several hundred devices. At first, the company focused its sales on the final consumer, but then went to work with dealers and is now building a dealer network throughout Ukraine. Production is 100% in Ukraine, Ukrainian components make up 40%. Patented own development. It is possible to scale up the production and development of a network of own charging stations The project team employs five people. Devices are manufactured in small batches, however, according to entrepreneurs, the product is ready for scaling. "Now we have a product line that we produce in small lots, but if we want, we can produce our products in large quantities. They have working documentation and corresponding licenses," Omelkin notes. Entrepreneurs do not stop at what they have achieved by developing new product lines, sometimes by trial and error. "We have several products that did not go. For example, charging stations in the form of a column. They turned out to be quite beautiful, but the market was not interested. Maybe this is due to the fact that we offered them at the end of 2015, when the market was not yet formed, "- says Alexander Omelkin. The company plans to release a new line of charging stations by the end of the year, which will have minimal functionality, while it can be used both at home and in the office. There are some ideas for expansion in related industries. "For example, a project with solar panels. There is a solar power station that generates electricity, its surplus can be used to charge electric vehicles. This can be done as two separate products, as a single product, as a gas station with solar panels. This is a project where no external sources of electricity ", - share plans in the company. In order to effectively work and scale the business, the company intends to expand its team, attracting employees in the field of software development, as well as marketing and management. Of course, to scale a business, investments are needed. The founders of the business are ready to attract partners to implement their ideas and even share their shares in the company. And their strategic goal is access to foreign markets, primarily American and Western European. These are plans for 2019 already. And this year the team will refine its product and certify it for international markets. There have already been offers of cooperation from India and Canada.   Source:
Energy tops government’s FDI priority for investment summit
Energy projects top the government priority for foreign direct investment (FDI) in terms of investment amount, according to the Investment Board Nepal (IBN). Transport and aviation sectors come in the second and third places respectively, according to project lists and costs made public by the board for the upcoming investment summit. Eighteen projects including West Seti and Tamor Reservoir, worth US $11.08 billion or 42 percent of the total targeted FDI inflow, will be showcased in the summit scheduled on March 29 and 30. Sources said energy is given the top priority to prevent energy crisis in future similar to that the country saw for over a decade till 2016. The government has also embraced a policy of building 15,000 MW of electricity in the next ten years for energy security. With the opening of Indian market for Nepal’s energy through recent policy guidelines by the Government of India, Nepal is also more optimistic toward generating more hydropower. Minister for Energy Barshaman Pun has also recently asked independent power producers (IPPs) to build power plants, assuring them of market guarantee. The private sector wants to bring FDI in 11 such projects. Likewise, total 6 transport projects including Kathmandu Ring Road of Bus Rapid Transit worth US $9.7 billion will be tabled at the two-day event. This year, the country is hosting the investment summit with hopes to attract more foreign investments. Nepal is one of those countries where FDI is lowest in proportion to the GDP. Aviation is the third priority for this summit, with a target of US $ 3.25 million, or 12.3 percent, of FDI. The government is laying red carpet for foreign investors in Nepal and showcasing a total of 63 projects worth US $26.38 billion. The other projects in the government list are related to tourism, which includes cable car, hospital tourism products, and hotels at the provincial level. Industrial infrastructure is another important sector in the government’s list, aiming to reduce imports. As part of the country’s efforts to build conducive environment for investment, bills related to project development in PPP model as well as foreign direct investment and technology transfer are in the making in the parliament.  IBN’s CEO Maha Prasad Adhikari said the government was committed to get those bills endorsed before the date of investment summit. The country had also organized a similar summit two years ago and received commitment worth US $13.51 billion, but most of committed projects are yet to start and investments yet to come. Foreign direct investment in Nepal averaged about US $33.74 million from 2001 until 2017, reaching an all-time high of US $13.50 million in 2017, according to Nepal Rastra Bank statistics. Nepal received only 0.01 percent of total FDI in the world, while the South Asia region received 3.1 percent in 2016, according to another study of Nepal Rastra Bank.     Source: