1. Thermax Sustainable Energy Solutions Limited mCARBON
Existing Barriers Programmes of Activities and Improvements
Rajesh Madiwale
12th Mar 2011

2. Thermax Evolution: A Snapshot
Established in 1966 as Wanson (India)
Thermax Private Limited formed in 1980 and Wanson (India) merged with Thermax
Thermax became a public limited company in 1996
Featured in the Forbes Asia list of “Best under a Billion” companies in 2008 2

3. Thermax Group Thermax Limited Subsidiaries Joint Ventures 3
Thermax Sustainable Energy Solutions Ltd.
Thermax Onsite Energy Solutions Ltd.
Thermax Engineering Construction Co. Ltd.
Thermax Instrumentation Ltd.
Thermax International Ltd. (Mauritius)
Thermax Europe Ltd. (U.K.)
Thermax Hong Kong Ltd (Hong Kong)
Thermax do Brasil-Energiae Equipamentos Ltd (Brazil)
Thermax Inc. (U.S.A.)
Thermax (Zhejiang) Cooling & Heating Engineering Co. Ltd. (China)
Danstoker A/S.
Omnical Kessel & Apparatebau Gmbh
Subsidiaries
Joint Ventures
Thermax Limited
Thermax Babcock & Wilcox
Thermax SPX Energy Technologies Ltd. 3

4. Our Global Network 4 Thermax Russia Thermax Europe Ltd. Luton, UK
Thermax Inc. Detroit, USA
Thermax Ltd. Jebel Ali, UAE
Thermax Zhejiang Ltd
Thermax Ltd. Nairobi, Kenya
Thermax Ltd. Kuala Lumpur, Malaysia
Thermax doBrazil Sau Paulo, Brazil 4

5. Our Core Business THERMAX 5 Boilers & Heaters Cooling & Heating
Power Generation
Chemicals & Water
Air Pollution Control
Renewable
Cooling
Exhaust & Multi-energy fired chillers
Steam fired chillers
Hot water fired chillers
Direct fired chillers
Chemicals
Ion exchange resins
Cooling water chemicals
Fireside chemicals
Polyelectrolyte
Water and wastewater
Wastewater & Effluent water treatment systems
Water recycling
Waste management
Enviro
ESP & Bag filters
Scrubbers
Air purification
Retrofit & Revamp
Solar
Heating
Cooling
Boiler & Heater
Package boilers
Large capacity
power boilers
Thermal oil / water heaters
Energy recovery
systems
Turnkey Power Plants
Solid fuel based
Gas based combined cycle
Waste heat recovery based
RE based incl. Biomass, Bagasse, solar, etc.
O&M of power plants
Heating
Steam/Hot water power plants
Packaged solid/oil/gas fired boilers
Fired thermic fluid heaters
Exhaust waste heat recovery boilers 5

6. Reliable support for Industry
Our business-to-business solutions help a broad group of industries to be energy efficient and eco-friendly
Oil & Gas
Steel
Automobile
Food
Cement
Chemicals
Refineries &
Petrochemical
Power
Generation
Textile
Hotels & Commercial
complexes
Pharma
Paper & Pulp 6

7. Recognition for Thermax
Featured four times in the Forbes’ list of Asia’s ‘Best under a Billion Companies’ (2005-’08)
Listed among the top 100 of India’s most valuable 500 companies (Business Today ’07)
Business Standard ‘CEO of the Year’ ( ) award for Chairperson 7

8. PROPOSAL
TSESL proposes to use Programmatic CDM to promote use of Clean energy equipments
Company can create value for a large segment of small customers and accelerate the use of Renewable energy based Equipments as against conventional fossil fuel equipment.
TSESL the coordinating and managing entity for the PoA
TSESL has developed a unique online monitoring system to monitor all the performance parameters of the equipments under the PoA

9. PoA for Biomass based heat generation systems in India
Programmatic Proposal for small users
Small and medium users untouched by the benefits of CDM
Lack of knowledge ,manpower ,technology and cost of
transaction of CDM
Aggregating CDM benefits will help switch a large number of
users to green technology
“a no risk” program for benefit of this segment
IT at the forefront to address issues of risk for all
stake holders

10. TSESL PROGRAMMATIC CDM STRATEGY
TSESL immediate proposal is to develop the following Programmatic CDM
TSESL hopes to accelerate and promote the use of Renewable energy
To create sustainable energy solutions with customers
for reducing GHG emissions through innovative
deployment of value added services across
the product life cycle.
EQUIPMENT
NUMBERS
No of CERs
/Annum
BIOMASS HEAT
150
1.1 Million

11. Programmatic CDM For Biomass Heat Equipments
CER
Remote monitoring of Projects by TSESL
PoAs Development % € € %
DOE Validation € %
TSESL
Programmatic
CDM
CME € €
CDM EB % € €
MONITORING % € €
DOE Verification €
CER
CER
CDM EB
UNFCCC Bonn
BUYER

12. Ist INDUSTRIAL CDM PoA REGISTERED BY UNFCCC

13. Strengths of Biomass heat generation systems PoA
High quality engineering and technical capabilities
Customer connect for entire life cycle of the project activity
100% Remote performance monitoring system for high level service support
mCarbon GHG monitoring web software for transparent MRV
Well established systems and procedures as per ISO 9000
All India network for distribution and service

14. Physical Model of Biomass Boiler Installation 6TPH

15. 100 % online mCarbon™ web monitoring software and web site

17. Typical size of each Heat generation Project Activity
Equipment output Steam or Heat
Average Capacity Tons per Hour - 6 TPH
No of hrs of operation hrs
Average Load %
Average expected CERs per annum CERs

18. Existing Barriers for PoAs implementation
Liability due to Erroneous inclusion clause
Validation and Verification of CPAs by one DOE
Expansion of PoAs after registration in LDC countries & countries covered under EB 55 Annex 12 loan scheme
Approval from HCA for each CPA under a PoA
Baseline fuel should be conservatively declared by UNFCCC for LDC countries

19. Liability due to Erroneous inclusion clause
The CPA is identified as erroneous inclusion up to first Issuance of CERs ie Within 6 mths after 1st issuance or 1 year from inclusion whichever is later then the DOE has to take the liability of the CPA.
A DOE, that has not performed validation, registration, inclusion or verification functions with regard to this PoA shall conduct the review referred to in paragraph 9, by assessing a random sample of 10% of all CPAs currently included and submitting a report to Board within eight weeks.
Proposal
CPA which have passed the 1 year from inclusion and 6 months after 1st issuance should be cleared from the sample check and not be reopened for sample revalidation.
Only those CPAs which are within 1 year and the 6 mths from issuance time line should be considered to be taken as a sample for check

20. Suggestions for improvement
Expansion of PoAs after registration in LDC countries & countries covered under EB 55 Annex 12 loan scheme
Proposal – The registered PoA should be allowed expansion in LDC countries by taking a sample case CPA and get the same approved by having an HCA approval for that host country and a DOE inclusion
A DOE shall request issuance for all CPAs included in the PoA during the specified monitoring period .The monitoring period must be consecutive.(EB 55 Annex 38 pg 8 clause 37 and 39)
Proposal -
DOE should be allowed to submit request for issuance for any CPAs verified and monitored during the specified monitoring period,should not be mandatory to monitor and verify all the CPAs in one lot
A separate DOE may be allowed to submit request for issuance within 3 months or a DOE may be allowed to request for issuance within 3 months for different CPAs
Should not be mandatory for consecutive periods

21. Suggestions for improvement
DOE performing the validation currently is not able to perform verification activity for the same PoA.
Proposal – DOE performing the Validation and inclusion of PoAs may be allowed to complete the verification process for completion of activity
Approval from HCA for each CPA under a PoA
Proposal -
HCA approval should not be mandatory for CPAs under a registered PoA as in a PoA the project could be included prior to actual start or commissioning of the Project.