SOLARGIZE - KSHITIJ 2011 - Industrial Design Problem By General Electric (GE)
Details of Event: Solargize
India has an estimated power requirement between 800,000 MW and 950,000MW by 2030. To help India meet its gigantic future energy requirements, the Prime Minister has expressed the need to develop public private partnerships in ways and means to meet the estimated Rs.60,000 billion ($1.2 trillion) investment required over next 25 years to provide electricity to consumers at affordable cost.
The limited supplies, uneven distribution, and rising costs of fossil fuels, such as oil and gas, create a need to change to more sustainable energy sources in the foreseeable future. Pointing out that India is short of energy resources like oil, gas and uranium and even coal is not as abundant as is generally believed, there is a high focus on tapping the abundant renewable sources like solar power. Hence over the coming decades one of India's greatest challenge will be to secure diversified sources of energy.
The project should aim at developing a business model to tap the potential market segment in India.
Incentives:
1) Prize money of INR 85,000 for the IDP
2) A chance to bag an internship in GE
IDP:
Develop a techno-commercial model by studying the concentrated solar power market with developments and forecasts for India and identify the potential locations in India suitable for harnessing solar power for the generation of electricity.
Key Challenges:
* Identify the potential locations in India suitable for harnessing solar power for the generation of electricity
* Provide the Summary of cost of electricity & Return on Investment
* Identify strategy & segment in Indian concentrated solar power generation market
* Business/commercial models must be demonstrated to show a business opportunity in the Indian market
* Identify technology gaps in the existing industrial products.
* Identify the effect of government incentives on the Solar power market
* Identify who would be potential customers in concentrated solar power generation market
* Identifying the competition landscape (all players) & their penetration in the Indian market
* What are the key advances in the mirror market supporting this technology & Study of supply base for components, EPC stakeholders, civil works & thermal storage?
Deadline for Submission : 26th December
More info at http://www.ktj.in/#Solargize
Keep yourself updated : www.ktj.in
Follow us : http://www.facebook.com/Kshitij.2011
Details of Event: Solargize
India has an estimated power requirement between 800,000 MW and 950,000MW by 2030. To help India meet its gigantic future energy requirements, the Prime Minister has expressed the need to develop public private partnerships in ways and means to meet the estimated Rs.60,000 billion ($1.2 trillion) investment required over next 25 years to provide electricity to consumers at affordable cost.
The limited supplies, uneven distribution, and rising costs of fossil fuels, such as oil and gas, create a need to change to more sustainable energy sources in the foreseeable future. Pointing out that India is short of energy resources like oil, gas and uranium and even coal is not as abundant as is generally believed, there is a high focus on tapping the abundant renewable sources like solar power. Hence over the coming decades one of India's greatest challenge will be to secure diversified sources of energy.
The project should aim at developing a business model to tap the potential market segment in India.
Incentives:
1) Prize money of INR 85,000 for the IDP
2) A chance to bag an internship in GE
IDP:
Develop a techno-commercial model by studying the concentrated solar power market with developments and forecasts for India and identify the potential locations in India suitable for harnessing solar power for the generation of electricity.
Key Challenges:
* Identify the potential locations in India suitable for harnessing solar power for the generation of electricity
* Provide the Summary of cost of electricity & Return on Investment
* Identify strategy & segment in Indian concentrated solar power generation market
* Business/commercial models must be demonstrated to show a business opportunity in the Indian market
* Identify technology gaps in the existing industrial products.
* Identify the effect of government incentives on the Solar power market
* Identify who would be potential customers in concentrated solar power generation market
* Identifying the competition landscape (all players) & their penetration in the Indian market
* What are the key advances in the mirror market supporting this technology & Study of supply base for components, EPC stakeholders, civil works & thermal storage?
Deadline for Submission : 26th December
More info at http://www.ktj.in/#Solargize
Keep yourself updated : www.ktj.in
Follow us : http://www.facebook.com/Kshitij.2011
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