YES Bank reference to coldry

Picked up from google 21 hrs ago -

http://www.rtcc.org/2015/04/08/indias-fourth-largest-private-bank-stakes-its-money-on-renewables/

While Yes Bank is a leading proponent of the renewable sector in India, it continues to invest in coal, the most polluting fossil fuel – and refuses to disclose how much.
Modi aims to bring electricity to more than 300 million Indians currently going without. Solar alone is not going to bridge that gap.
“From a business community perspective, given the whole energy demand for India, there is a huge demand for coal,” says Komarina.
“The use of coal is inevitable, but then how do you make it more sustainable?
Rajendra Pachauri, former chair of the UN’s top climate science body, praised Yes Bank for setting “a very high benchmark” in sustainability principles throughout its business.
One of the case studies in Yes Bank’s sustainability report regards “Coldry”, a technology brought in from Australia to make India’s lignite cleaner to burn.
It works by drying out the lignite, a brown variety of coal with high moisture content, before using it to generate power.
That results in coal with 280% higher calorific value, it claims, generating “substantially lower” greenhouse gas emissions than lignite in its natural form.
While it is far from the lowest carbon way of generating electricity, it makes a cheap source of fuel a bit less dirty.
- See more at: http://www.rtcc.org/2015/04/08/indi...its-money-on-renewables/#sthash.YpP9VP88.dpuf

cheers

M.oz