The below is from the recent 2015 / 2016 Yes Bank Annual Report..... they seem to think all is going well in the big smoke
Dont even have to read between the lines.... its there in black and white!!!
SUSTAINABLE INVESTMENT BANKING
Sustainable Investment Banking (SIB), the Bank’s knowledgebased advisory and investment banking practice in the clean and renewable energy sector successfully closed five transactions, scaled up its existing mandates during the year and partnered with key national and global stakeholders to enhance YES BANK’s presence in this space. The successfully closed transactions by SIB in this reporting cycle include:
Acted as an exclusive advisor to Environmental Clean Technologies, Australia for partnership with NMDC and NLC for commercializing its clean coal technology in India (2016)
Commercializing Australian Clean Coal Technology in India
India has a large demand-supply mismatch in thermal coal & coking coal and power plants & iron making companies suffer from a general unavailability of superior quality coal. In this context, Australian company Environmental Clean Technologies (ECT) has developed two clean coal technologies
Coldry: Patented process for converting lignite/ sub-bituminous coal into energy rich thermal coal equivalent that has ~80% less moisture content and ~280% higher calorific value.
Matmor: Unique process for producing high-quality iron from inexpensive, abundant brown coal and iron oxide bearing material such as mill scale, nickel tailings and high or low grade iron ore
YES BANK has been engaging with ECT since 2014 to bring the Coldry technology into India and identify manufacturing partners and project partners for commercializing this technology.
During this reporting cycle SIB has made considerable progress in this assignment:
Assisted in formalizing relationship with manufacturing partner Thermax to indigenize design thus
reducing cost of Coldry plant by over 60% and
making it commercially viable in India
Successfully signed a tripartite ‘Agreement to Proceed’ with Neyveli Lignite Corporation (NLC) and National Mineral Development Corporation (NMDC) for
setting up the first integrated Coldry and Matmor plant
SIB is now working closely with ECT to execute definitive documents with various parties
for installing the first plant in India.
https://www.yesbank.in/pdf/annualreport_2015-16_link2_pdf
