Glimpses of the Certificate Program in Industrial Heating – September 23 & 24

Aspiration Energy along with IIT Madras, conducted a two day certificate program in Industrial heating on September 23 & 24, 2016 at IC & SR Building, IIT Madras.

The program was attended by representatives from many industries, consultants in renewable energy and individuals.


Certificate Program in Industrial Heating,September 23 & 24,2016 @ IIT Madras


Aspiration Energy and Indian Institute of Technology, Madras invite you to attend the “Certificate program in solar heating & heat pumps for Industrial processes”
on September 23 & 24 (Friday & Saturday) at ICSR Building, Indian Institute of Technology, Madras.

The heating process in Industries are the least monitored because energy professionals consider them as necessary evils and do not see an opportunity to increase efficiency and reduce cost.

If you have a manufacturing process with temperature between 50 deg – 150 deg, this certificate program should be attended.

The advantages of attending this program :

  • Low Total Cost of Ownership
  • Save money
  • Low payback periods
  • Cut CO2 emissions

At the end of the Program, the participant will get a CEP (Certificate Education Program) issued by IIT, Madras.

The registration includes a nominal fee of Rs. 5000/ (incl. of taxes) per participant. Kindly register to reserve your place.

Only limited seats available! RSVP!

Looking forward to meet you!

Click here to register!

PS: Snapshots of the certificate program held in Hosur on August 19 & 20

Best Regards,
Deepa Rajagopal


Snapshots of Certificate Program in Industrial Heating organised by AEPL along with IIT Madras,@ Hosur on August 19&20,2016.

The two day program covered, Basics of Solar Thermal technologies, Heat Pump Technologies, Solar Thermal Vs Solar PV, Financial models and various financing options available, Detailed design of Solar Thermal, Heat Pump and storage.

Majority of the participants were people from manufacturing industries. The list also included students from educational institutions and vendors too.

The event happened at Hosur Industries Association Conference Hall, Hosur.


AEPL Canteen

Aspiration Energy, is a renewable energy services company, focused on Industrial Heating Applications (70-120°C) offering Solar Thermal and Industrial Heat pump solutions.

Aspiration Energy has built robust solar heating systems that are even better than what is available in the market today.

Aspiration Energy’s Solar thermal hot water solution assures: constant delivery temperature throughout the day irrespective of the withdrawal rate, thermal energy measurement for accurate assessment of energy saving, unique tank design and circuit design where water is delivered to tank only after attaining the specified temperature up to 85°C.

>> Fast Forward to the Solar future>>

Aspiration Energy Private Limited || 044-42185301

Technical Meet on Industrial Thermal Technologies, Organized by FICCI

WhatsApp Image 2016-08-04 at 8.53.00 AM

(Recent Advancements in Combustion Technology, Industrial Fuel Switching, Industrial Waste Heat Recovery – 1st & 2nd August 2016 Chennai)

Thermal systems play a vital role in Industrial processes. Thermal energy losses in the processes industry is a significant issue due to heat intensive processes involved. Studies have estimated that as much as 20 to 50% of industrial energy consumption is ultimately discharged as waste heat. A comprehensive analysis of combustion system, viability & availability of fuel switching options and identification of waste heat recovery opportunities are imperative for our process industries to become more efficient. The global reduction in oil prices has created a possibility of fuel switching from solid fuel to oil or other fuels. In a given / existing combustion system, certain hardware and operational modifications are required. It is learnt from the recent Perform Achieve & Trade scheme of BEE, that thermal system has highest potentials for improvement to reduce overall plant specific energy consumption.

WhatsApp Image 2016-08-04 at 8.53.01 AM

“Energy Efficient Technologies for Process Heating” – Presentation by Satyanarayanan Seshadri, CTO,Aspiration Energy

Keeping in view the requirement of Process Industries, FICCI organized a Technical Meet on “Recent Advancement in Industrial Thermal Technologies on during 1-2 August 2016 at Chennai.

This technical meet addressed nationally & internationally available technologies, suitability & feasibility of various WHR systems, fuel switching aspects, efficient combustion technologies, O&M aspects, successful case studies, national & international technology providers etc. Technology providers, experts, academicians, consultants and end users shared their valuable experiences and knowledge during this technical meet.

The broad objective of this technical meet is to:

  • Learn about new technologies and best practices for Efficient Combustion, Fuel Switching,
  • Learn about challenges, barriers, limitation, solutions in the adoption of these technologies
  • Identify potential areas of energy loss and improvement opportunities for reduction in operating cost
  • Develop confidence and increase the capability of plant personnel to equip with best practices in Thermal Engineering
  • Help industries in terms of getting information regarding technology providers, consultants, Energy Efficient equipment etc

Bhoo says – Few Questions; few answers


Q: How it became possible for Rajasthan to achieve the lowest tariff ever in Solar when they touched the Rs.4.34/unit mark?

A: The size of the project and ground mount is a huge factor in 2 parameters:

a) Reduction of capital cost due to economies of scale.  Module suppliers dramatically lower prices when the volumes are high for a single project.

b) Very HIGH availability of longer tenure low cost capital.  Some of the capital providers are from countries where there is negative rate of interest and some of them are even willing to accept payments back in rupees completely taking the currency risk on themselves.

Such capital costs are not possible for decentralized small scale plants.  Particularly when installed on rooftops, the infrastructure becomes extremely expensive as the engineering design itself is complex.

Small size of finance less than say $25M (150 crores and above) is very expensive at 12%+ interest rates with very high difficulty in getting beyond 7 years, with very few options available at 10 years.  When someone quotes close to Rs. 6.50 or so for such decentralized plants, in reality, very high risk is taken – with the provider absorbing the risk by paying only the bank principal and interest for the first 10 years, and recovering their investment only from 11th to 15th year.  The providers who are quoting for decentralized tariffs will not make any money from the projects for the first 10 years.

Q: Rajasthan has more sunshine than other parts of India.  Can that be the major cause of this low tariff?

A: Rajasthan has a very high sunshine – but that is less of a factor than the above 2 factors.

Q:  The target set by our Government, who will get benefited, large players or small players?

A: Even in the MW scale bids, right at the moment – Our PM Mr. Modi has intelligently given a HUGE target of 100,000 MW, and hence people want to outbid each other even at a loss to make themselves present with the hope that they can make their money in the future projects – once the crowd is pushed out, and only a few good players remain – when the tariffs will stabilize but costs can come down further by value engineering.  That is the strategy by both large scale players and small scale players.

Q: What for a fact makes this feasible, are there any risks in commissioning after winning the bids?

One important factor is also the creditworthiness of the off taker – which is a factor in case of bids – in many cases, the Government is willing to give bank guarantees against payment.  That has also increased the creditworthiness and hence availability of debt at a lower cost.

All the projects that are announced with big headlines do not end with commissioning and operations.  There is a huge % of projects that are announced and hit the headlines but are not built or commissioned or operated.  That is a problem when we operate on a fringe, with thin margins.  Any small risk makes a huge dent in cash flows and the projects are not solvent.

Q:  You say most of the companies operate on fringe margins, but how they are able to bring in more and more money to invest on projects that does not give them good profit margin?

I feel there is a hidden side – may be a conspiracy theory, or may be true – of the whole thing is money-laundering – that is also bringing the costs down.  We hear that many black-money holders put their black money in the projects.  Say 7 crores per MW is the cost . 5 crores per MW is shown in white and 2 crores is paid in black.  Now the 5 crores per MW white earns a legal, tax-free income that cleans their black money – giving legal tax free returns for the black money invested.  I suspect this is also at play.






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