FACT SHEET

Dates – September 11 – 13, 2008

Venue – Pragati Maidan Exhibition

Centre, New Delhi, India

Organisers – Ministry of Power, Govt. of India

Federation of Indian Chamber of

Commerce and Industry (FICCI)

Profile of the Event – Generation, Transmission,

Distribution, Renewable Systems

and Energy Efficiency

In view of the success of India Electricity-2007, FICCI and Ministry of Power are pleased to organise the third edition of the mega power sector event.

India Electricity-2008 will further attempt to work with investors and project developers for smooth implementation of power projects in India.

The Conference at India Electricity-2008, through a number of Plenary & Technical Sessions, will provide a greater and more interactive platform to Indian and international power sector entities to identify and analyze business opportunities in Indian Power Sector.

The current edition of Conference will also entail “State Focus Sessions”, engaging States leading on power reforms front to showcase their power sectors.

Gross area of over 12,000+ sq. mtrs., and with likely participation of more than 200 companies, India Electricity-2008 exhibition will allow an effective showcasing of technologies/ products and greater business networking.

The growth in Exhibition in terms of Space and Number of Participating Companies in this edition expected to be 60 % over India Electricity-2007.

India Electricity-2008 has already received interest and enquiries of participation from countries including South Africa, China, Italy, France, Germany, Korea, Norway, Belgium, UK, UAE, USA among others.

FACT SHEET

Dates – September 11 – 13, 2008

Venue – Pragati Maidan Exhibition

Centre, New Delhi, India

Organisers – Ministry of Power, Govt. of India

Federation of Indian Chamber of

Commerce and Industry (FICCI)

Profile of the Event – Generation, Transmission,

Distribution, Renewable Systems

and Energy Efficiency

In view of the success of India Electricity-2007, FICCI and Ministry of Power are pleased to organise the third edition of the mega power sector event.

India Electricity-2008 will further attempt to work with investors and project developers for smooth implementation of power projects in India.

The Conference at India Electricity-2008, through a number of Plenary & Technical Sessions, will provide a greater and more interactive platform to Indian and international power sector entities to identify and analyze business opportunities in Indian Power Sector.

The current edition of Conference will also entail “State Focus Sessions”, engaging States leading on power reforms front to showcase their power sectors.

Gross area of over 12,000+ sq. mtrs., and with likely participation of more than 200 companies, India Electricity-2008 exhibition will allow an effective showcasing of technologies/ products and greater business networking.

The growth in Exhibition in terms of Space and Number of Participating Companies in this edition expected to be 60 % over India Electricity-2007.

India Electricity-2008 has already received interest and enquiries of participation from countries including South Africa, China, Italy, France, Germany, Korea, Norway, Belgium, UK, UAE, USA among others.

Has automated trading been a prominent feature onthe ISE?

Yes it has, in fact automation has been an integral element in the operation of the market for a long time. All our option market-makers’ quotes are generated automatically based upon computer models. We are therefore very used to the concept of participants quoting not on the basis of opinion, but in a highly automated systematic manner.

Some futures exchanges have in the past struggled with the bandwidth challenges implicit in automated trading. For an options exchange these challenges must presumably be exponentially greater?

Well, we have more than twenty market-makers who are all “shouting electronically” across a substantial market. In the 850 stocks, indices and exchange traded funds on which we list options, there are more than 88,000 different options series. All the quotes for these are being automatically and continuously updated in terms of both price and size in real time. So we are taking in a lot of traffic and distilling it into the highest bid, lowest offer and best size and then disseminating these through all the quote vendors.

We think the expertise we have gained in dealing with this scale of traffic volume could be leveraged across other markets. Hence initiatives such as the ISE Stock Exchange we announced in April. The quote traffic volumes for a stock exchange will obviously be far lower than those we already handle on options.

 

How do you plan your bandwidth capacity?

When the exchange first opened, we sized the bandwidth capacity requirements to what we felt would be the initial load, but part of the design process was an emphasis on scalability. Therefore, although we underestimated the original requirements, this wasn’t a major problem as we could quickly scale capacity to suit. One rule that we have had since the outset that has stood us in good stead has been to have 100% headroom over peak load message traffic at any given time. As our market has increased in activity and quote traffic we have added capacity throughout to maintain that ratio.

 

Have you noticed significant automated arbitrage activity on the exchange?

We did see some arbitrage activity from the buy side early on. However, that is less prevalent now, as all our market-makers update their quotes very frequently and rapidly.

 

How do you gauge the level of automated trading activity (other than the arbitrage you mentioned above) on the ISE?

We can’t obviously tell whether the order was generated by a human or a machine, so don’t have hard numbers on this. Our general presumption is that small orders from individual investors are more likely to be manually initiated. Larger, more frequent, trading we assume is more likely to be systematic or automated.

 

In the press release announcing the ISE Stock Exchange there was a reference to the proposed MidPoint MatchTM being “especially suited for orders generated by algorithms”. What did you mean by that?

Each one of the messages we send out can contain up to 192 quote changes. So at present our option market-makers are updating or bulk quoting in many different issues simultaneously, and that is something that algorithmic traders favour.

The other element of this is that anybody who is trading with an algorithm or managing a portfolio to a benchmark would benefit from our MidPoint matching platform. This is because they will have the opportunity to trade a portion of their order through the midpoint without impacting the NBBO (National Best Bid and Offer). That minimises market impact and also fits seamlessly into any of the trading they are already doing, so they don’t need another front-end application. It is already automated so they will connect to us through the existing sell side connections we already have established.

 

What was the thinking behind the formation of the ISE Stock Exchange?

It was driven by three elements:

• The changes in the mechanism of trading.

• Technology changes.

• Regulation NMS, which will take effect in early 2007. Under this, quotes that are generated electronically are protected. We felt it was important for us to have that capability.

In addition, we felt that the ISE had some prior experience in this space that could be leveraged. Several years ago we introduced stock plus option combinations, so we already trade some stocks. Participants submit stock and option contingent orders; we trade the options here and pass the stock order to an electronic crossing network. Participants asked us if we could provide the stock element of that service internally here. We think the ISE Stock Exchange will satisfy those requests by facilitating this type of contingent order, which has grown significantly in popularity over the last year or so.

 

 

Were there any other areas of possible expansion you anticipated in the creation of the stock exchange?

The other area we have a great deal of interest in is index options and options on exchange traded funds. We would therefore clearly have an interest in trading some of the popular exchange traded funds as well as stocks.

Do you think the close synergy of options and stocks on the exchange will promote new trading techniques? (For example, opening a position through the options market if it is not possible to do this in the cash stock market and then unwinding the option position as the stock position is subsequently accumulated.)

In active options, I think brokers are already providing some of their more sophisticated customers with the tools to do this sort of trade today. We obviously hope that it will be easier to execute this sort of trade now that we are offering both markets.

 

How much of a role do you see automation playing in the ISE’s strategy going forward?

We are committed to automated trading because we think it is a more efficient tool or vehicle for obtaining the best price, the lowest impact on the market, and the best available size at an optimal cost.

One of our objectives is to differentiate ourselves from any other offering that is already in existence. For example, the last thing we need in the US is another exchange or marketplace where you can buy a couple of thousand shares in Microsoft. That isn’t really adding value, so what we have tried to do here is provide services and/or product offerings that do not exist today.

In brief, we developed a fully automated, anonymous, MidPoint Match product that allows for continuous price improvement at a competitive price. We hope that this will encourage new market participants and grow the overall business, just as occurred in the options market.

 

Do you intend to produce your own execution algorithms for users of the ISE Stock Exchange?

No, we view that as a service provided by vendors and brokers and not something for an exchange to offer. While electronic crossing exchanges such as Instinet provide this sort of service, they are also broker dealers and this is therefore more part and parcel of their day-to-day business than it would be for us.

 

Looking ahead, what other areas of possible expansion do you see for the ISE?

We bought a company called Longitude at the beginning of April. This has some rather intriguing technology that could be used in situations where a market-making system of trading may not be the optimal choice of market structure.

We are also currently examining other potential applications of this technology. Some of the possibilities include weather derivatives, real estate, and insurance. Rather than a single counterparty (such as a market maker) selling the option, a pool concept (such as in reinsurance) might be used.

 

Do you have any other new product aspirations, such as in exotic options?

Ultimately that will depend upon customer demand. At present we are not experiencing much demand for exotics, although the Longitude product already supports binary options. However, we have had a significant number of enquiries for currency options and credit derivatives, but we have not as yet found a mechanism to satisfy that demand.

The biggest thing that has been bothering me about my Solar Power system is the Hap-Hazard way that I had connected everything to my batteries, Mainly the fact that several things were connected to the batterys that were not Fused or protected in any way. The only thing that had fuses on it was the Output Wires going to the house where I am using the power at. It was all in this little black box that was built and pictured here in a much smaller system at my last house.

So last week I built a really nice Fused Power Distribution Panel for anything that connects to the batterys. In fact “this is the battery” and anything that I hook to the battery will make it’s connection here. It is wired entirely with 12 gauge wire. Each Individual input from the battery to it’s fuse is a separate 12ga wire. It is constructed in a chassis from an old Radio Shack burglar alarm system. In the picture below, it is installed and operational right next to My Ghurd Dump load and controller…

There are only 4 negative terminals on the strip. Each terminal has two 12 gauge wires going to the battery which is hard to see in the picture. There are 8 numbered Input/Outputs. They They are connected as follows…
 1 – (Future) maybe a voltage sensing circuit
 2 – (Future) Maybe an output for some lighting around my nearby pool
 3 – Output 1 is a 12ga wire to the house- 10amp fuse
 4 – Output 2 another 12ga wire to the house- 10amp fuse
 5 – Input From Solar Panel Diode Combiner- 10 amp fuse
 6 – (Future) Input from Wind Turbine generator
 7 – Ghurd Dump Load power connection- 15amp fuse
 8 – Dump Load Voltage sense line- 3 amp fuse

All of this stuff is involved with my growing Harbor Freight solar panel system soon to include a 200 watt wind generator and a Long Wire experimental system.

By: Colin Plastow
How to create a successful infrared thermography maintenance program.

In the manufacturing environment, managing maintenance costs while improving productivity is an ongoing challenge, with profitability lying in the balance. One way maintenance managers can eliminate downtime due to equipment malfunction is to implement a predictive maintenance program.

One of the key performance parameters in predictive maintenance is heat, which can be an early symptom of damage or malfunction. Thermal imagers are therefore the first line of defence in measuring and comparing heat signatures for each piece of equipment on the manufacturing floor. While they used to be expensive, difficult, and primarily used by large industrial facilities, today’s devices are much more compact, affordable and easy-to-use.

Building an infrared thermography maintenance program can help managers track equipment operating conditions over time and quickly identify unusual heat readings for further inspection. It also helps to reduce reactive maintenance fees and equipment repair costs, extend the lifespan of machine assets and maximize overall productivity though reduced downtime.

There are several key steps involved in a successful infrared thermography program. They are:

• Creating inspection routes

• Conducting inspections

• Making modifications to plant equipment to improve inspection quality

• Reporting results

• Analyzing data over the long term

• Applying other manufacturing process applications where thermography can be play an important role.

Creating inspection routes

Begin by using existing lists of equipment and eliminate items that aren’t well suited for infrared measurement. Focus on equipment that creates production bottlenecks. If possible, look at history to guide you to find out where failures have occurred in the past. A database or spreadsheet should be used to group the remaining equipment together, either by area or function, into roughl two- to three-hour inspection blocks.

Bear in mind that the first inspection cycle can take more time than will be needed on subsequent inspections as you locate equipment, update lists and deal with access issues. During your first pass, also consider taking digital photos of each piece of equipment and storing the images in the equipment database for later reference as needed. Some thermal imagers have a built-in visible light camera to make this even easier.

If thermography is new to the plant, the first few inspection cycles may yield a large number of finds. Subsequent inspections, however, should go more smoothly. After about three cycles, you can re-organize the routes so they are more efficient and add new routes and equipment into the inspection cycle as necessary.

The optimum inspection frequency will be determined by the needs of the equipment assets. As they age, are heavily loaded, or are poorly maintained, it may be necessary to perform more frequent inspections.

Conducting inspections

When conducting inspections, there are several key considerations:

• Work from a pre-inspection checklist • Make sure the thermal imager is ready for use (charge the batteries)

• Ensure that the system is within calibration by viewing a black body reference or conducting a simple ‘tear duct check’. Infrared thermography measures surface temperatures and the tear duct is the external part of the body that’s closest to internal temperature.

• Clear the memory of previously recorded data

• If you will be following a previously inspected route, some cameras will allow you to upload those past results so they can be compared to new findings

• Assemble any additional equipment that is required, such as a digital clamp meter for load reading, or a voice recorder if not built into the camera, and make sure it’s in good working order.

At the end of the inspection, download any data collected after each route as soon as possible to reduce the risk of accidental erasure. Also be sure to delete any unnecessary images and then process the rest individually, fine-tuning temperature measurements and making any adjustments to temperature level and span settings. Any supplemental data should be entered into the report page, along with the visual image of the equipment inspected.

Making modifications to plant equipment to improve inspection quality

The following suggestions for modifying plant equipment are designed to make thermal imaging inspections easier, safer, and more effective.

• High-emissivity ‘targets’ should be installed on such components as bus bars, tubular bus and any large metal electrical connectors to improve the reliability of radiometric temperature measurements.

• The clear plastic, ‘touch-safe’ covers that are increasingly prevalent inside electrical control cabinets are not transparent to infrared thermography. While it may be possible to modify these with hinges, if necessary, route small holes in them over the connectors and fuse clips.

• Modify equipment guards and covers on conveyance systems and motor couplings so that bearings and couplings can be inspected.

• Use thermal mirrors such as a sheet of aluminium, which can make it easier to see a thermal signature in areas that can’t be viewed directly.

Reporting results

Some thermal imagers come with software that supports simple but useful comparisons of asset conditions over time. An alarm temperature can be loaded onto an image before it is uploaded into the camera. During the current inspection, both that alarm setting and the previous image can be used to determine the extent of any changes that might have occurred.

Clearly identify the equipment inspected as well as the conditions found. Whenever possible, use the area measurement tool showing the maximum, minimum and average temperatures for the area, rather than the spot measurement tool. This will ensure that the true maximum temperature is being identified. It is also important to report the conditions found during the inspection with regard to equipment loading and environmental variables.

Once the infrared data is correlated with data from other technologies, the actual operating condition of all assets will be known and can be reported in an integrated form. Those assets that are in an alarm stage (red) or an unknown stage (yellow) can then be scheduled for either repair or further monitoring or managed in some other way — such as reducing load — to minimize the risk of failure. Assets in good condition (green) are ready and available to make your plant profitable. While every machine asset may not be green, at least you’ll know where the problem areas are and can anticipate their condition in the larger picture of plant operations.

Analyzing data over the long term

It is important to accumulate data in forms that allow for long-term analysis. This provides several benefits, such as:

• Visibility into trends that may not be obvious in a day-to-day analysis

• Visibility into problems that are continuing to occur, enabling you to justify dedicating resources in those areas or decreasing the frequency of inspection where applicable

• The ability to target maintenance investments and allocation of mainte-nance funds to get the best returns.

In addition to infrared thermography measurements, increased machine asset availability, production, quality, and the distribution of maintenance dollars and total maintenance costs over time should be tracked.

Applying other manufacturing process applications

Using thermography to look at other manufacturing process applications can have great value. Following are two unique applications:

• One thermographer found warm air from the production process blowing directly onto a heat exchanger. Interestingly, production had shut down repeatedly due to the failure of the exchanger to provide adequate cooling. Engineers had planned to add a larger exchanger to ’solve’ the problem, which would have been an unnecessary and costly investment.

• Another thermographer in an automotive assembly plant looked at thermal images of incoming tires that indicated they were cold. When the technician showed the image to the area manager, the two quickly connected this condition to a seasonal problem they’d had for years in which the tires failed to mount properly on the rims. The solution? Bring the tires inside long enough to warm up, a condition documented by another thermal image.

Facilities maintenance can also use thermography for roof moisture inspections; locating building air leakage; analyzing the distribution of conditioned air from HVAC; locating underground drains, pipes and lines; solving comfortrelated problems in the office workspace; and inspecting battery backups (UPS) for computers systems.

Of course, thermography can also be used to look at processes beyond simply measuring temperatures or seeing thermal images. Moisture, thickness, coatings, material type and parts presence will typically all have their own characteristic thermal signature, and thermography can be used to monitor those kinds of conditions as well.

Today’s thermal imagers are much more affordable and easier to use than previous models and are becoming more broadly applied in manufacturing, utilities and resource industries. By following some simple steps, facility managers can develop a successful infrared thermography maintenance program that will reduce maintenance costs while improving productivity.

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