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October 23, 2013

MY Eco Energy forays into the bio-fuel industry...

 

My Eco Energy

Pune based, My Eco Energy has announced its foray into the bio-fuel industry which is involved in the manufacturing of waste to bio-diesel, a non-petroleum based fuel.

Bio-diesel is made from from waste materials including vegetable oils and animal fat available for consumer and commercial use.

As said by the  company, "Looking at the current scenario of the dependency on non-renewable fuel systems, there is a growing demand for a non-petroleum based fuel. It is this demand that Bio-Diesel by My Eco Energy addresses."

The company offers the consumers a completely natural, high-performing and low-environment depleting fuel option for their Diesel fuelled vehicles. Bio-diesel could be efficiently utilized by transport companies as well as across machinery equipment like electricity generators, industrial boilers & furnaces.

The company will initially cater primarily to consumers in Maharashtra and neighboring states through 20 distributorships. Over time, it plans to expand its network to over 250 dealer owned retail pumps in the state over the next year.

The company said that the fuel could either be used alone or blended with conventional petro-diesel in unmodified diesel-engine vehicles.

Produced from various feed stocks including waste vegetable oils and non-edible oils like used cooking oil and acid oils and tallow, the company said that this was an environmentally safe, low polluting fuel suitable for most diesel engines.

 


More literature on this...

http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/my-eco-energy-enters-bio-diesel-market-to-offer-high-performing-fuel-for-vehicles-and-various-machineries/articleshow/24599493.cms


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Essar withdraws the application for grant of distribution license in gurgaon...

 

Power Distribution

Essar Projects, the group company of Essar, has withdrawn its application from Haryana Electricity Regulatory Commission for grant of power distribution license in Gurgaon's Municipal Corporation area.

Essar Projects had earlier sought license to distribute power in municipal area of Gurgaon in Haryana as the second energy supplier in the district and had filed the application as per the provision laid under section 14 read with section 15 of Electricity Act, in the month of March this year.

If the license had been granted to Essar Projects, it would have been the second distribution license holder after state-owned Dakshin Haryana Bijli Vitran Nigam (DHBVN) for supplying power to energy consumers within municipal limits of Gurgaon.

Gurgaon circle is a very potential area in terms of revenue generation and consumer load. DHBVN generates almost 50 per cent of its revenue from Gurgaon circle only out of its total five circles. Gurgoan has power consumer base of 3.60 lakh with average power load of 700-800 MW.

Pegging the capital outlay on this project at Rs 1,519 crore, the company in its application had said that it would set up its own distribution network for supplying power to the consumers.

The company had kept the cost of power from own generation and purchase at Rs 5.19 per unit with hike of 3-4 per cent per annum.

The Electricity Act, 2003 provides for second power distribution license provided, the company has its own power distribution related infrastructure.

 


More literature on this...

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/essar-withdraws-application-for-distribution-licence-in-gurgaon/articleshow/24547414.cmsc


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