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Interview: Vivek Taneja, Head of Business Development & Strategic Initiatives, Thermax Limited

Vivek talks to Coaltrans about critical issues facing ash treatment in India, solutions to these issues, and how he sees the Indian ash market developing over the next few years




You can hear more from Vivek at the 17th Coaltrans India in February in Goa, where he will be speaking about best practices for disposing and profiting from coal-combustion byproducts.

Coaltrans Conferences (CC): Hi Vivek, please can you explain a little about your background, your role at Thermax, and the role of the company more broadly?

Vivek Taneja (VT): I have over 22 years industry experience in Sales, Marketing Product Management and Business Development and incubating new business ideas in the field of Conventional as well as Non-Conventional Power business, Energy Efficiency and Waste to Wealth. I have been closely associated with the policies in power, renewable energy and energy efficiency in Industrial space and now I am involved with policy framework on waste to wealth.

Presently associated with M/s Thermax Ltd, I am responsible for concept sale of Industrial waste to be converted to a sellable asset for industry, thorough some new technologies.

I spearheaded “Project Zebra” – an entry strategy for Africa and led a cross functional team for entry strategy for select markets in South East Asia. I have been responsible for carving long term strategy for the Power (EPC) Division at Thermax.



CC: What do you see as the most critical issues facing ash treatment in India at the moment?

VT: Non consistent policy framework across different states to start with. Almost negligible implementation regime at ground level in most cases.

Rudimentary use of technologies which do not benefit from automation or economies of scale. This is mainly due to the fact that the generators do not want the onus of complete neutralisation and the likely end users do not want to take the onus of the usage patterns on long term basis.

The sector is highly disorganised with many small players who do not have long term outlook. No policy framework to promote upgradation of technology, nor for any environmentally beneficial options.

No integrated approach to the problems with siloed approach to most policy framework being crafted.


CC: What are the main solutions?

VT: Identification of and acceptance of the fact that Fly ash is the biggest lever the country has to bring the carbon intensity reduction of the GDP growth. A potential to save 30000 MW of power generation in next decade and a half and saving millions of cubic meters of water.

Once this realisation comes with policymakers and influencers – things will fall in place with time.

If there is an integrated approach to energy and environment issues faced by country then suitable policy framework will help speed
up this process.

CC: How do you see the Indian ash market developing over the next few years?

VT: Slow for next few years as the education levels on its use and thereby investments in the sector will take time to come by. The market is in transient stage and various technologies and business models are trying to establish themselves. Not many success cases on ground so far – at least for large scale usage. This prevents bankers and investors to jump in with investments, we are a highly reference based market.

Published 24 January 2018

This content is provided by Coaltrans Conferences for informational purposes only, and it reflects the market and industry conditions and presenter’s opinions and affiliations available at the time of the presentation.

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