Over 3 decades, the company has helped customers to be competitive and earn community goodwill by :

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2 Company Overview Over 3 decades, the company has helped customers to be competitive and earn community goodwill by : Maximizing energy efficiency and slashing operating costs Minimizing waste Recovering precious resource from waste

3 Solutions Offered Waste Heat Recovery Performance Chemicals Captive Power Heating Water Treatment Cooling Sustainable solutions for business improvement.

4 Thermax Cooling Division Thermax pioneered absorption cooling technology in India The division offers absorption chillers that work on steam, hot water or are fired directly on fuels like natural gas, diesel etc. Today Thermax absorption chillers are globally popular with over 3000 chillers supporting industrial and commercial units internationally.

5 Contents About Thermax Thermax Solar Initiative Solar Applications Projects

6 Energy & Environment Convergence Sustainable Development Energy + Ecology + Economy

7 Energy Environment and Economy Economic progress requires convenient and affordable forms of energy Energy is cause of most damaging and intractable environmental problems Challenge is to meet energy/economy needs without disrupting environment Sustainable development = means and end are consistent.

8 Climate Change Evidence Average temperature of earth is rising Up 1.2 degree in last 100 years, 0.9 in last 30yrs 12 hottest years since 1860, all after 1980, 5 after 1990 Evidence is unrefutable: Evaporation & rainfall on the increase Glaciers are retreating Sea ice & snow cover are shrinking

9 Solar: Affordable Clean Energy Solution

10 Sustainable GREEN Technology An investment in a solar energy system delivers the following benefits: Solar is a fixed cost hedged against rising energy costs. Solar provides a compelling return on investment and payback as low as 3 years in some cases. Solar energy systems are highly reliable and have low maintenance costs. Solar is a clean, completely silent energy generation technology.

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12 Thermax + Solar = Advantage Customer Core Strengths Thermax banks on its major strengths the company's extensive and varied experience with industrial processes its expertise in application R&D, and its trained and dedicated manpower. Integration for Customer Benefit Thermax's core strengths in Heating and Cooling can offer single point optimized solution to meet total requirements with turnkey execution. Customer Partnerships As a B2B solution provider in the core areas of energy and environment, Thermax is committed to the development of sustainable alternatives for the industry to manage resources productively and without waste.

13 Solar Driven VAM

14 Key Messages HVAC Load Can Be Reduced from the Grid Solar HVAC Financially Attractive Integrates With Existing Infrastructure Green Benefits with No Downtime Risk Fall back is existing AC

15 The Opportunity More than 40% of World Energy Consumption Used for Bldg Operations (IEA 2007) Heating (Hot Water, Process Steam, Space Heating) Cooling (Air Conditioning, Cold Storage) Electricity Lighting (Artificial, Ambient) Biggest Electrical Consumers are Lighting & AC 50% of Electrical Usage for AC Can Reduce Conventional Electric AC load With Solar Thermal Driven System

16 Absorption Chiller Based on Boiling and Absorption of a Refrigerant Produces Chilled Water Process Driven by Heat; Little Electrical Usage Established Technology Widely Used

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18 Solar Air Conditioning CapEx HVAC Chiller Type Absorption Single Stage Absorption Double Stage Vapour Compression Chiller Capacity TR Chiller COP Energy Input Required TR Solar Field Type Vacuum Tube Concentrator Photovoltaic Chiller Inlet Temperature Deg C Peak Solar Field Efficiency 55% 60% 13% Area Size Required m2 Price per m2 -( area used) USD/ m2 Cost of Solar Energy (Source) Net of Subsidy ,000 USD

19 Solar VAM Water at 160 C Heater Water at 160 C Expansion tank Hot Water Double Effect VAM Water at 175 C Solar Collector Water at 12 C Water at 7 C Circulating pump(5m3/hr) Process Water at 160 C

20 Contents About Thermax Thermax Solar Initiative Solar Applications Projects

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33 Tesco Lotus, Thailand Capacity: 320 TR (1125 KW) Evacuated tube type collectors

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35 Subsidies in Various Countries Source: Renewable Energy Policy Network, Global Status Report 2007

36 Subsidies in Various Countries (Contd.) Source: Renewable Energy Policy Network, Global Status Report 2007

37 Summary Ideal High Temperature Rooftop Solar Thermal Collector Compelling Product for Solar HVAC Applications Current Incentives Make Solar HVAC Financially Attractive Way to Reduce Electrical HVAC Load

38 Thank You!

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