Industry Leaders Magazine October 2011 Issue

www.industryleadersmagazine.comOctober 2011 www.industryleadersmagazine.com


The TeamEditorialRichard Meryn, Associate Editor

Vrushti Mawani, News Editor

Aubrey Chang, Associate Editor

Christy Gren, Industry Specialist Reporter

Kevin PaulSr. Graphic Designer

Patrick Jam Advertising Coordinator

Zaina Ava Design Associate

Ashley Hudson Sr. Project Director

Rachel Allen, Project Director

Carrie Ann, Editor-in-Chief

Jani V. Art Director / Creative Head

Tom Parker, Project Director

Design

Project Management

Marketing

RR Baratiya

Finance ControllerLe Manh Cuong, Sr Software Coordinator

Julia Hunt, Magazine Production

John Hancock, Head - Web Department

Technology

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Christine Taylor, Project Director

Julia Zimmerman, Project Director

Jason Miller Sr. Project Director


Industry Leaders Magazine has been providing business news and information across various industry sectors from different parts of the world. We have been publishing stories about milestones reached by companies through phenomenal efforts and winning strategies.

The general notion is that the larger an organization is, the larger impact it has on the environment due to a high contribution to greenhouse gas emissions. So given that Google is one of the worlds largest corporate organizations, logic would say that the company in general must be harming the environment significantly, right ?

Wrong.

According to Googles announcement earlier in September, the search engine giant is actually not just carbon neutral, but in fact beyond carbon neutral.

How ? Read on to find out more.

Naomi Campbells new eco home in Turkey, designed after an Egyption symbol - the Eye of Horus - is absolutely un-missable.

All this and more...

Regards,

Carrie Ann

Editor-in-Chief.

Industry Leaders Magazine.

Editors Blogby Carrie-Ann

October 2011 www.industryleadersmagazine.com

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ContentsFeatures

Cover StoryGoogle: The Beyond Zero Carbon Search Engine...the carbon footprint of your life on Google is zero, said Urs Hoelzle, Senior Vice President of Googles Technical Infrastructure Department.

How is this possible ? Dont the growing number of cloud computing centres and data centres mean a huge energy challenge for the earth ?

Read on to know more...

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Bering Strait Tunnel, This Dream Project, which is being planned to link Russia with N.America, will become the worlds longest tunnel when built...

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UBS takes a $2 billion Hit due to Rogue Trading, as a result of which, the bank has said that their third-quarter results are likely to be unprofitable, and will likely be accompanied by job cuts...

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October 2011 www.industryleadersmagazine.com

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RegularsThe Latest in Business

Leadership Talks...The WOW ! QuotientBrightFarms

Mergers, Acquisitions, IPOs...

Larger than LifeExecutive Lifestyle Special

Industry Events & Tradeshows

Contents

Rays Expertswhat does it take to be one of the best solar companies advising and developing the largest network of solar power plants in India ? Find out here...

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Continental Coal LimitedA South African thermal coal producer, the portfolio of Continental Coal Limited includes producing and advanced coal projects located in South Africas major coal fields.

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122026

44116

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Larger Than Life

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October 2011

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70

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Forewordby Dr. Chris Haw, SAPVIA

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Contents

Spaceport America with the worlds first purpose-built commercial spaceport, designed with the needs of the commercial space business in mind, concepts like space tourism have become more real than ever before...

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Company profiLes

BarceloFounded in Palma de Majorca, Spain, over 75 years ago, the Barcelo Group is a global leader in the hospitality and tourism sectors...

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head-spaCe

Sometimes your best investments are the ones you do

not make

- Donald Trump

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BechtelOne of Americas leading construction companies, Bechtel is well-known for being a global leader in the fields of engineering, construction and project management...

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The latest in BusinessTalk about taking proactive-ness towards combating climatic change to volcanic levels !

A group of scientists from Universities across the U.K have undertaken a project that involves designing a fake volcano, as an experiment towards developing ways to combat climate change. With the aim of reducing atmospheric temperatures caused by climate change, and to complement conventional measures to reduce carbon emissions, the SPICE (Stratospheric Particle Injection for Climate Engineering) project will be a unique test of engineering technology that could become a precedent for future

Carrie AnnCombat Climate Change with Fake Volcano

large-scale geo-engineering projects.

Collaborating partners include researchers from the Universities of Bristol, Cambridge, Edinburgh and Oxford, along with Marshall Aerospace.

Explaining the scope of the SPICE project, Dr Matt Watson, from the University of Bristol, who is leading the project, said SPICE is the first UK project aimed at providing some much-needed, evidence-based, knowledge about geoengineering technologies. The project itself is not carrying out geoengineering, just investigating the feasibility of doing so.

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The Latest in Bu

siness

Blue-prints for an entirely new town in the United States are being drawn up, for what will become the countrys testing base for new technologies. The only difference in this town as compared to any other will be that no people will live here.

Dubbed as The Center for Testing, Evaluation and Innovation, the structure of this smart city will mimic that of real cities, and within this framework will test sustainable technologies and infrastructure to see if these would actually work in the real built environment. Except that here there would be no fear of disrupting real communities.

The Centre will take up around 20 square miles of virgin desert in New Mexico and aims to explore innovative technologies related to issues like smart grid security, stability, communication systems and transportation technologies.

The project will be executed by technology, communications and defense contractor Pegasus Global Holdings in conjunction with the State of New Mexicos Department of Economic Development.

Aubrey ChangAn Entirely New City in America, built for Technology Testing

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The latest in Business

Household incomes among Americans have fallen sharply, accompanied by a rise in the number of people living below the poverty line to 46.2 million, the highest in over 50 years, according to income and poverty figures released by the U.S Census Bureau earlier this month.

These figures add more distress to the already disappointing economic figures released by the U.S Department of Commerce and the Labour Department about the decline in consumer spending and high unemployment

Christy GrenPoverty Rate Crosses 15%, highest in 52 years: U.S Census Bureau

levels which are at their highest this year.

The poverty line is defined by the U.S Census Bureau as below an annual income of $22,314 for a family of four, $17,374 for a family of three, $14,218 for couples and $11,130 per year for one person.

The worst hit states are Louisiana and Mississippi, with 21.6% and 22.7% people living below the poverty line, while Connecticut with a below poverty line population of 8.3% is the best off among all the states.

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Carol Bartz, the ex-CEO at Yahoo Incorporated was asked to leave by the board on 6th September following her failed attempts to revitalize the online media company.

Bartz, who was shocked to hear about this decision over the phone from the chairman of the board, dropped a quick email to the employees after she heard the bad news, to stop them from feeling that she has abandoned them and hence them after she heard the bad news.

Yahoos next CEO? You have a rough road aheadJason Miller

Goodbye, Ms. Bartz wrote: I am very sad to tell you that I have just been fired over the phone by Yahoos chairman of the board. It has been my pleasure to work with all of you and I wish you only the best going forward.

Mr. Timothy Morse, companys CFO, has been appointed as the interim CEO. Five other senior executives at Yahoo have been appointed to form a senior executive council that would help Mr. Morse manage his role smoothly.

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The Latest in Bu

siness


Vrushti MawaniUrbanTiles Project Envisions Buildings As Zero-Energy Displays

and OLED (organic light emitting diodes) lighting panels on the other side to emit the harvested energy at night.

The city and its buildings are epic light objects that emit light energy as far as the outer space, explains Marzan about his project. That, while in daytime the city absorbs great sun energy not being used at all. The cycle of light and lighting in the urban space made a design intervention, that along with other urban values, stood [as] the basis of this project.

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The latest in Business

Zero-energy, flexible light displays that project the city of tomorrow as being an array of buildings with a constantly changing, customizable display arena, UrbanTiles is a concept created by Israeli industrial designer, Meidad Marzan, for his graduation project at the Bezalel Academy of Art and Design.

The concept involves the use of a matrix of dual-sided linking tiles that wraps around the exterior of a building. These reversible tiles would have organic photovoltaic cells on one side to collect energy during the day,


The $3 trillion deficit reduction plan to be put forth by U.S President Barack Obama on Monday will include generating half of this, i.e., $1.5 trillion, through new tax revenue according to senior administration officials.

In particular, $800bn of this $1.5 trillion will be generated by letting George Bushs tax cuts for wealthy Americans to expire, and by requiring millionaires to pay higher taxes. While this particular aspect of higher taxes for the rich towards cutting deficit is something Obama has been proposing for a

Tom ParkerObama Proposes $3 Tn Deficit Cut Plan. $1.5 in Tax Revenue

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The Latest in Bu

siness

long time, the president has dubbed this idea the Buffett rule since it is based on a suggestion put forth by billionaire Warren Buffett, an ally of the president.

Buffet has in recent times been very public about his opinion that the United States government needs to end the extraordinary tax breaks that Americas super-rich community is currently entitled to.


Leadership is a trait known to many, learnt by some and perfected by few. There are leaders and managers and supervisors and bosses, among others, who take up the responsibilities of getting things done through others, rather than by others. Many attempt, some learn and a few succeed. Leadership is a trait that is not passed on or inherited, it has to be earned, and on a daily basis.

World Leaders On

Leadership

10 Must-Have Leadership Traits


Patrick Alain

10 Must-Have Leadership Traits

Leadership Talks...Leadership Talks...

The concept of leadership has been the basis for much research and a good amount of literature has been published about the same, highlighting and describing the dos and donts, traits of good leaders, characteristics of the best leaders, things that make good leaders and the things that make leaders good. In a world where every third person is a self-proclaimed expert on business and leadership, it is important to learn from the very best.

1. I suppose leadership at one time meant muscles; but today it means getting along with people. M.K. Gandhi

There was a time when the strongest person from a group, clan or kingdom used to be their leader. In the present predominantly democratic society, a leader is selected by the people from the people and for the people. It is important for a leader to be concordant and approachable in order to facilitate an environment of growth and intellect. If an employee cannot approach the leader of the organization, he cannot put forth his demands, suggestions or ideas, thereby, hampering his creative genius and rendering him unsatisfied. A leader that can

get along with his followers, listen and appreciate to their ideas and take care of their needs is the leader of the future.

2. The leaders who work most effectively, it seems to me, never say I. Peter F. Drucker

The most effective leaders in the world seldom use the word I, they say we. The best leaders always think in terms of a team and believe in team work. It is the job of every leader to make the team function and the ones that understand that start thinking along the same lines and are effective. These leaders accept the challenges and work towards making their team efficient; the leader faces the song but gives credit to the team. This creates trust in the team and enables the leader to get the task done.

3. Innovation distinguishes between a leader and a follower. Steve JobsLeadership and innovation have an intrinsic relationship. As the focus of both leadership and innovation is to

www.industryleadersmagazine.comOctober 2011 www.industryleadersmagazine.com22

bring about a better future, the relationship is inevitable. Innovation also means going out of the normal route to reach desired goals. A leader who is innovative and produces better results is respected and looked upon. Without innovation, a leader is a mere manager of a given situation.

In a research conducted in 2008 (McKinsey research), it was found that more than 70% of the senior executives believed that innovation was going to be one of the three main drivers for growth in the following three years for their companies.

4. Dont manage - lead change before you have to. Jack Welch

Managing is not easy, but it is not the high-end of leading an organization. Managing a crisis is important, but if the leader has the foresight to see the situation coming, he can easily make decisions beforehand that can avert the crisis and lead to innovative development. Foresight has the power and potential of transforming the business industry and it is important that a leader possess foresight if the organizations is to grow. In absence of foresight, the

opportunity of getting to the finishing line first and establishing market supremacy is lost. For example, Rupert Murdochs foresight helped him to create market monopoly when it came to disseminating news and he went on to become one of the most successful entrepreneurs of the world and his company News Corporation, the second largest media conglomerate in the world.

5. I dont look to jump over 7-foot bars: I look around for 1-foot bars that I can step over. Warren Buffet

It is important for a leader to be realistic. Having momentum is necessary but not knowing when to stop can lead to a


Patrick AlainLeadership Talks...

Leadership Talks...

disaster. A leader should always know the limitations of the team he is leading and try to accomplish feats that are possible and within reach. Seven successful small feats are anytime better than one big feat, which may or may not be successful. World Com Inc., Enron Corp. and Bethlehem Steel are great examples of industry giants who failed to realize when to stop and ended up devastated and bankrupt.

6. Sometimes your best investments are the ones you do not make. Donald J. Trump

One of the main responsibilities of a good leader is to make intelligent choices and exercise restraint while making investments. The global market keeps offering luring opportunities for investments and a leader should know when to invest and when to say no. While investments can be highly profitable, they can also be expensive and unprofitable leading to crunch situations.

7. You dont learn to walk by following rules. You learn by doing and by falling over. Richard Branson

Learning from your mistakes is a general must-do for everyone, more so for the leaders. Everyone makes


Patrick Alain

Leadership Talks...

mistakes but the ones who learn from their mistakes move past them and become better with every fall. One who learns from an earlier mistake will never commit it again and reduce the chances of failure in the future.

8. I have learned silence from the talkative, tolerance from the intolerant, and kindness from the unkind; yet strangely, I am ungrateful to these teachers Kahlil Gibran

Learning doesnt have to be limited to ones own mistakes and good examples set by others, one can also learn from the mistakes committed by others and bad examples set by them. In a competitive market, it is very important to keep a track of ones rivals, how they perform, what they do and the outcome of their actions. One doesnt necessarily have to follow their footsteps and do whatever turned out to be good for them, but when it comes to mistakes they make, one has to note them down on the things to avoid notice board.

9. As a leader, I am tough on myself and I raise the standard for everybody; however, I am very caring because I want people to excel at what they are doing so that they can aspire to be me in the future. Indra Nooyi

A leader should be a role-model for the followers. This can be possible only if the leader sets high standards that need hard-work to be matched. This not only makes the leader respectable among his followers but also motivates the followers to work harder towards achieving higher standards of work.

10. I start with the premise that the function of a leader is to produce more leaders, not more followers. Ralph Nader

One of the best characteristics of a modern leader is that he creates leaders from his followers. Creating leaders is not easy and it takes a long time to identify potential in the team member and nurturing it in a positive direction. Assigning tasks and duties to the team member and putting some of them in charge of particular tasks makes them self-reliant and develops their leadership qualities. So, by the time the top level leaders of an organization, such as, CEOs and Directors, retire, they leave behind a legacy and new leaders.

Sometimes your best investments are the ones

you do not make

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Leadership Talks...


The

Ultra-Local Hydroponic Terrace Greenhouses for Supermarkets

WOW! Quotient


WOW! Quotient

What sort of a shelf-life do you think vegetables usually available

in supermarkets have? Sometimes less than half of what they naturally

possess, says BrightFarms. And this is

exactly what BrightFarms has set out

to change.

Offering services that are sure to

become a favourite as much with

urban farming fanatics as with general

Richard Meryn

image courtesy BrightFarms

environment-conscious green buffs,

BrightFarms designs, finances, builds and operates hydroponic greenhouse

farms at supermarkets; the goal here being to eliminate time, distance and

cost from the food supply chain.

BrightFarms offer supermarkets the

option of growing their produce right

atop their stores. How much more

local could it get ?

BrightFarms

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28BrightFarms local food production facility on the roof of the

Manhattan School for Children

image courtesy University of Sheffield


BrightFarms

Through their business model, New York based BrightFarms, with their locally-produced, fresher, tastier food, offers to bring all the benefits of a Farmers Market to the Supermarket.

And while providing better food, BrightFarms also offers an alternative to generating high amounts of greenhouse gas emissions and air pollution, and avoid traffic congestion.

We design, finance, build and manage the operations of the BrightFarm to deliver

produce at equal or higher service levels than the retailer currently requires of its other

suppliers. There is no cost to the retailer to build the BrightFarm, only an obligation to

purchase the output.

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A Smarter Choice for Supermarkets

Why do some people prefer farmers markets to supermarkets despite the former offering less volumes of produce often for higher prices? Because, says BrightFarms, an increasing number of urban consumers want better, locally-produced food, not necessarily the cheapest available food.

Given that more consumers are opting for choosing from a larger variety of food, even if available in smaller volumes, especially if this means creating more job opportunities in the immediate localities, BrightFarms offers all this to supermarkets through their finance, development and management business.image courtesy mycopter.eu

BrightFarms local food production facility on the roof of the Manhattan School for Children

www.industryleadersmagazine.comSeptember 2011

To start with, BrightFarms promises higher profits for retailers. Their business module does not require retailers to invest any capital in the business; the only requirement is a contract to buy their produce.

And given that they more often than not offer their products at lower wholesale prices than comparable products shipped thousands of miles, coupled with associated supermarkets freeing themselves from inconsistencies due to rising fuel costs, the BrightFarms model is sure to find lots of takers within the retailing community.

An obvious advantage is the much smaller amount of shrink because of the significantly longer shelf-life of locally produced food, translating directly into higher profits.

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E n v i r o n m e n t a l SustainabilityIn addition to offering a scaled-up urban gardening alternative that promises numerous benefits to supermarkets and their customers, the Brightfarms concept has also been developed with environmental sustainability as one of their primary criteria.

According to B r i g h t F a r m s estimates, when food has to travel long distances they say that the average item of food in the United States travels at least 1500 miles the cost of gasoline used for transportation can amount to half the value of the food itself. Basing their business model on the Zero food miles concept, B r i g h t F a r m s farming within urban areas removes the need for lengthy transportation.T

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www.industryleadersmagazine.comOctober 2011

In addition to offering a scaled-up urban gardening alternative that promises numerous benefits to

supermarkets and their customers, the Brightfarms concept has also been developed with environmental

sustainability as one of their primary criteria.

BrightFarms

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t Also, in contrast to conventional agricultural practices, which produce a lot of greenhouse gas emissions from the use of fossil fuels for heating purposes in winter, BrightFarm greenhouses capture waste heat from the host building, which means that their system uses close to no additional fossil fuel for heating. Similarly, the greenhouses use low energy cooling systems where power for cooling is generated through installed solar panels.

BrightFarms also maximizes the use of increasingly scarce land and water resources by growing their produce in a land area that is 20 times smaller than would be required by conventional agricultural techniques, while the recirculating hydroponic techniques that BrightFarms operate with use up to 10 times less water than conventional field agriculture.

Wed be surprised if this urban farming concept doesnt take off!

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BrightFarms


Bering Strait TunnelNumber Crunchingly Good


Num

ber Crunchingly Good

In what is likely to be the realization of a much desired infrastructure dream project linking Russia and North America, the construction of the worlds longest tunnel, spanning the Bering Strait, was approved by the Russian Government in September 2011.

The 65 mile long tunnel, twice the length of the British Channel Tunnel that connects Britain and France, is being planned to be built in

three sections and will pass under the Big Diomede and Little Diomede islands in the Bering Strait.

The cost of building this Bering Strait Tunnel is being estimated at around $65 billion.

The project is envisaged as being part of the much larger 3,700 mile railroad

Aubrey Chang

Bering Strait Tunnel


project that is being built to connect Yakutsk in Russia to Canadas British Columbia and will offer a highway, high-speed rail tracks, a fiber optic network as well as pipelines for oil and gas.

Project HistoryThe idea of a direct rail route and bridge spanning across and linking North America with the EuroAsian region was first conceived more than a century ago in 1905 by Tsar Nicholas II. With technological limitations at the time however, constructing such a mammoth-scale project was not possible.

Neither Siberia nor Alaska currently has rail route links that connect the farthest points of their respective territories.

The project, recently approved by the Kremlin, has been revived after being shelved earlier

in 2007. The project, reportedly brought to the discussion table by Aleksandr Levinthal, a high-profile Russian politician at a conference that focused on the development of Russias northeastern rail infrastructure, will be in the form of a PPP private public partnership.

According to a statement made by Viktor Razbegin in an interview to Russia Today, an official from the Russian Ministry of Economic Development, The project is already underway The rail track to Yakutsk that we have been building for the past 15 years has always been seen as the first part of the road. It will be finished in just about a year.

Expressing some concern over political hurdles that yet need to be overcome, Razbegin added However, the most important is the political decision which hasnt been taken yet. There are multiple countries involved, and it will be hard.

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Number Crunchingly Good

While the project looks more real than ever before, it will be a long wait before the entire link starts function-ing across its different components. Estimates say that the tunnel alone will require 15 years to be built, while the entire network, including the railway system which

needs to be constructed on both sides of the Bering Strait is likely to be completed by 2045.


Num

ber Crunchingly GoodOFF Architectures proposal for the Bering Strait Tunnel project


Number Crunchingly Good

And yet, while the project looks more real than ever before, it will be a long wait before the entire link starts functioning across its different components. Estimates say that the tunnel alone will require 15 years to be built, while the entire network, including the railway system which needs to be constructed on both sides of the Bering Strait is likely to be completed by 2045.

Logistical Benefits

Given the strategic role a direct rail link between North America and Russia would play towards boosting trade and tourism, the Bering Strait tunnel is obviously expected to offer immense economical and political advantages.

The manner in which this project is being planned, the rail link will literally connect the Siberian interior with the US east coast, resulting in a railway network across 3/4 of the Northern Hemisphere. What this means is that tourists would be able to travel overland, from Europe to New York city, with the journey helping save travelling time while also opening up an entirely new experience across landscapes and climates.

Contributing significantly towards transporting raw materials from inland Siberia to the U.S and beyond, the tunnel will present the potential for freight rail to 40

Contributing significantly towards transporting raw materials from inland Siberia to the U.S and beyond, the tunnel will present the potential for freight rail to carry

up to 100 million tons annually.


Num

ber Crunchingly Good

carry up to 100 million tons annually.

In addition these direct infrastructural benefits, the Bering Strait tunnel is also likely to facilitate an impressive energy generation by helping develop a link between North America and Asia for renewable energy transmission. Proposed tidal energy plants could provide 10 gigawatts of energy and a string of wind power fields could churn a constant supply of clean energy.

Contributing significantly towards transporting raw materials from inland Siberia to the U.S and beyond, the tunnel will present the potential for freight rail to carry

up to 100 million tons annually.

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Ice Park: Part of OFF Architectures proposal for the Bering Strait Tunnel project


Plans $3.3 bn IPO in Hong Kong Stock

Exchange

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Sany Heavy


Sany Heavys co-founder Liang Wengen, listed as Chinas richest man, with an estimated wealth of $9.3 billion, currently holds a 58% stake in the Sany Group. The IPO will mean a drop in Wengens shareholding in the company to 51%.

Overseas Acquisitions Will Follow IPO

Sany Heavy, based in Changsha, the capital of Hunan province in southern China, announced by way of a media statement by Tang Xiuguo, president and co-founder of Sany Group, that the company will actively be looking at expanding sales in India, Brazil, Indonesia, the Middle East and Africa following the IPO.

Specifically, Tang indicated that Sany Heavy is likely to invest in Africa in

mergers, acquisitions, ipos

Often referred to as Chinas Caterpillar, Sany Heavy, the largest construction machinery manufacturing company of China, is all set to launch its expansion phase despite volatile market trends, by planning an IPO in the Hong Kong stock market later this month. Sany Heavy reportedly aims to raise around $3.3 billion from this offering.

The offering will include 1.34 billion shares of the company, valued at HK$16.13-HK$19.38 each, and will be handled by a consortium that includes the Bank of America Merrill Lynch, Citic Securities and Citigroup Inc. as joint global coordinators.

At a time when global stock market trading is witnessing a general low because of the unpredictability of world economies, Sany Heavys IPO in the Hong Kong stock market is likely to be Hong Kongs second-biggest stock offering this year, following Glencores $10 billion IPO that took place earlier this year in May through its dual listing in the Hong Kong and London stock exchanges.

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Sany Heavys co-founder Liang Wengen, listed as Chinas richest man, with an estimated wealth of $9.3 billion, currently holds a 58% stake in the

Sany Group. The IPO will mean a drop in Wengens shareholding in the company to 51%.


mergers, acquisitions, IPOs

exchange for resources from the continent.

China accounts for 40 pct of global construction machinery sales, and companies like Sany Heavy and rival XCMG Construction Machinery have benefitted as much from the global demand for such machinery, as they have from the construction boom China has been undergoing since the past decade.

While rival company XCMG Construction Machinery scrapped its plans of undertaking an initial public offering given the low levels that the Hang Seng has been witnessing recently, Sany Heavy will continue with its plans of making a public offering.

Conducting a share sale today can help us expand overseas in a faster, better and smoother way, Tang said.

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Sany is reportedly planning to use about half of the proceeds raised through the IPO towards building new plants and expanding capacity for excavators, crawlers and cranes.

Hinting at overseas acquisitions that might be in the pipeline, Tang said in the interview, We have some opportunities and we are in talks on some businesses, including mergers and acquisitions (and partnerships with) some specialized enterprises, including some family businesses, which have very good professional skills and a certain group of clients.

Established in 1989 as a small welding material factory by founders Liang Wengen, Tang Xiuguo, Mao Zhongwu and Yuan Jinhua, the Sany Group has now grown into a global corporation with five industrial parks in

China accounts for 40 pct of global construction machinery sales, and companies like Sany Heavy and rival XCMG Construction Machinery have benefitted as much from the global demand for such machinery, as they have from the construction boom China has

been undergoing since the past decade.


mergers, acquisitions, ipos

China, four R&D and manufacturing bases in America, Germany, India and Brazil, and 24 sales companies around the world. The group, with a current market value estimated at $18 billion, employs over 60,000 people in more than 120 countries.

Other IPOs to Follow?Market analysts are of the opinion that the Sany Heavy IPO is likely to pave the way for other large deals in the near future.

According to a recent Reuters report, Sinohydro, a Chinese state-owned hydropower engineering and construction company, also estimated as being the worlds largest hydroelectric company, has announced plans to launch a $2.7 billion initial public offering this week.

Sany rival XCMG Construction Machinery Co., while having postponed the launch of its around US$2 billion IPO to later this month, still plans to list in Hong Kong on Oct. 12.

Liang Wengen, Sany Heavy

co-founder, is Chinas richest

man


the carbon footprint of your life on Google is zero, said Urs

Hoelzle, Senior Vice President of

Googles Technical Infrastructure

Department.

Despite the fact that Googles

data centers around the world,

which run the services for Gmail,

YouTube and Google Search,

continuously draw almost 260

million watts (which, according to

The New York Times, is roughly

equivalent to a quarter of the

output of a nuclear power plant),

Google announced on their official blog site yesterday that theyve

been a completely carbon neutral

company.

How is this possible ? Dont the growing number of cloud

computing centres and data

centres mean a huge energy

challenge for the earth ?

49

Vrushti Mawani

cover story


A Beyond-Zero Carbon FootprintHow ?

The Big Picture by Google explains being beyond-zero carbon by saying that Our efforts in efficiency, buying clean energy, and purchasing offsets bring our carbon footprint down to zero. Were going beyond carbon neutral by investing hundreds of millions of dollars in renewable energy projects that create far more renewable energy for the world than we consume as a company.

Google has increasingly been investing in smart energy, green initiatives, with the more recent ones in this area being its $168 million investment in the Ivanpah solar power tower plant followed by $280 million investment towards creating the largest residential solar financing fund in the United States in conjunction with SolarCity.

Alongwith having invested in utility-scale projects, built to contribute significant amounts of renewable energy to todays electricity grid, Google has also invested in early-stage companies such as Makani Power and Potter Drilling, which are working towards developing innovative new technologies to in the wind and geothermal energy sectors respectively.50

Google invested $168 million earlier this year, in worlds largest solar power tower, Ivanpah

The Beyond Zero-Carbon Search Engine Google


cover story


According to figures put forth by Google, the search engine giant had, uptill the end of August, invested more than $780 million in the renewable energy sector towards projects that are capable of generating 1.7 GW of power and electricity, which Google estimates as being equivalent to the amount of energy used by 350,000 homes.

The company has also made public the fact that it has put in place a number of special arrangements to buy electricity from wind farms, as a result of which an estimated 25 percent of Googles 2010 energy needs were reportedly supplied by renewable fuels. The company estimates that this figure will reach 30 percent in 2011.

Google has set up a $280million solar fund with SolarCity

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We started the process of getting to zero by making sure our operations use as little energy as possible. For the last decade, energy use has been

an obsession. Weve designed and

built some of the mostefficient servers and data centers in the worldusing half the electricity of a typical data center. Our newest facility

in Hamina, Finland, opening this weekend, uses a unique seawater

cooling system that requires very little

electricity.

cover story

Googles latest investment towards furthering the renewable energy sector is another fund that was set up by the search engine giant in collaboration with Clean Power Finance.

Rick Needham, Director of Green Business Operations for Google, announced this new initiative on the 27th of September 2011.

Involving an investment of $75 million by Google, this project takes Googles total investment towards supporting the growth of the clean energy sector to $850 million, and is likely to help up to 3,000 homeowners go solar.

Says Needham about Googles green initiatives: We started the process of getting to zero by making sure our operations use as little energy as possible. For the last decade, energy use has been an obsession.


Image courtesy lovebeginswithl.com

54Googles data centre in Hamina, Finland

Weve designed and built some of the mostefficient servers and data centers in the worldusing half the electricity of a typical data center. Our newest facility in Hamina, Finland, opening this weekend, uses a unique seawater cooling system that requires very little electricity.

The Race to Whos Greener

And because of Googles numerous initiatives towards being greener, including the fact that Googles data centers use half the electricity of a typical data center, it is much smarter to choose Google search and mail services than those hosted by any other server says Google.

In a document released by Google, titled Googles Green Computing: Efficiency at Scale, the company substantiates this claim by saying that, For a small office of 50 people, choosing Gmail over a locally hosted server can mean an annual per-user power savings of up to 170 kWh and a carbon footprint reduction of up to 100 kg of CO2

For a more comprehensive understanding of which Google services take up how much energy, figures put forth by the company suggest that about 12.5 million watts of

Googles 260-million-watt total is accounted for by the companys primary service, i.e., searches, while YouTube accounts for a very small amount.



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For a small office of 50 people, choosing Gmail over a locally hosted server can mean an annual per-

user power savings of up to 170 kWh and a carbon footprint reduction of up to 100 kg of CO2.

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Switzerlands largest bank, UBS AG, declared having been hit by $2 billion in losses because of an unauthorized trading carried out by a rogue trader, as a result of which, the bank has said that their third-quarter results are likely to be unprofitable.

Still in the process of recovering from massive losses the bank suffered because of bad credit 58

bets three years ago, this announcement by UBS is yet another shock to investors and employees, raising questions and concerns regarding the safety provided by this banking leaders risk systems.

Market analysts have put forth a number of speculations regarding the effect of this net loss that will most-likely reflect in UBSs third-quarter results in terms of job cuts and significantly smaller bonuses for employees, in addition, of course, to anxiety among investors.

UBS takes a $2 billion Hit due to

Rogue Trader


Jason Miller

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UBS takes a $2 billion Hit due to

Rogue TraderThe effects of this news was evident in the fact that UBS shares in Switzerland dropped by almost 11%, on a day which saw most other stocks rise, and by 10% in the New York Stock Exchange, despite the bank officials efforts towards pacifying and reassuring investors.

2007-2009 Financial Crisis and Post thatThe recession and related global financial crisis that took place over the 2007 2010 period impacted UBS massively, with the bank announcing 11,000 job cuts and writing off approximately $50bn of mortgage related assets, while also having to shut some trading units.

Following these lows, UBS adopted some aggressive strategies towards restoring its investment banking related revenue, cutting down on outflows at its private bank by investing heavily in


Making News

The recession and related global financial

crisis that took place over the 2007 2010 period impacted UBS

massively, with the bank announcing

11,000 job cuts and writing off

approximately $50bn of mortgage related

assets, while also having to shut some

trading units.

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the businesses and tackling a U.S. tax probe that had prompted clients to leave.

As a result of the initiatives related to investment banking, UBS had seen some sort of a turnaround. However, the targets set by UBS after this resurgence were not met by the company because of new global and Swiss regulations.

The outlook for UBS was further slowed down by a slowdown in client activity this year that resulted from volatile markets, alongwith a number of bankers walking away because of a reduction in the bonus packages.

This latest news of UBS losing $2 billion because of rogue trading is being regarded by many as signaling a return of bad times for UBS.

UBS takes a $2 billion Hit due to Rogue Trader


Mr. Adoboli is reportedly a trader in London uses UBSs money to bet on financial i n s t r u m e n t s related to exchange-traded funds, which allow clients to trade securities that track the performance of broad indexes.

Mr. Adoboli has, for five years, worked on a desk that trades large baskets of securities or allows clients to bet on them through options or

other instruments. According to the Wall Street Journal, Mr. Adobolis desk specialized in so-called Delta One products that allow banks and investors to track underlying assets or indexes.

UBS takes a $2 billion Hit due to Rogue Trader

Mike Edwards, President, Borders Group

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The Suspect: Kweku Adoboli31-year old Kweku Adoboli, a London UBS employee, is prime suspect in the roughly $2 billion loss suffered by the bank. Mr. Adoboli was arrested by London police earlier in September 2011, after the bank notified law authorities of the losses.


The dawn of

South Africas Renewable Energy Industry

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- by Dr. Chris Haw

Heavily reliant on its abundant coal supply and dominated by Eskom for the past 35 years, the South African electricity supply industry seems set for a shake up. The South African Government has started to shift its focus towards diversifying its energy mix, creating a secure supply of electricity and stimulating the development of a renewable energy industry in order to supplement the countrys rapidly growing energy demands.

The Finite Power of CoalSouth Africas abundance of coal deposits,coupled with the perceived cost efficiencies of coal generated electricity and a nationalised monopoly on the generation market, have, until recently, allowed the South African government to offer its consumers significantly low subsidised rates for electricity generated by the energy source. Unsurprisingly, until now, coal has been the preferred means of electricity

generation in the country and is currently South Africas primary source of base load power, accounting for approximately 90 percent of the countrys total generation capacity.

However, poor planning and a rapidly growing economy has left the country in an electricity supply crisis for the past three years, resulting in the government resorting to load shedding initiatives which have dealt a massive blow to the countrys GDP.

This, along with a progressive shift in the global mind set to focus on ensuring sustainable energy generation, the Governments commitment toreducecarbon emissions and manage the risk of carbon fines, as well as the acknowledgement that the countrys low grade coal is now longer sufficient for efficient power generation, has forced the South African government to seek alternative means of electricity production.

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The Infinite Power of Renewable Energy With global trends in environmental awareness placing much pressure on economies to put in place long-term policies on emission reductions, and with the mounting uncertainty of Eskoms ability to support the countrys growing energy demands, the South African government finally released its 20 year Integrated Resource Plan (IRP) for 2010 to 2030. The IRP2010 places considerable emphasis on the development of renewable and nuclear technologies as the future

source of sustainable power generation in the country and, if all goes according to plan, coal should only contribute 43 percent to the total electricity generation mix by 2030.

The Renewable Energy Mix and the Role of the Industry AssociationThe following table below shows the allocations for the various sources of electricity generation as per the IRP draft of October 2010:

As one can see from the table, the first draft of the IRP excludes photovoltaic (PV) technology from its allocations a major oversight by the energy policy makers as PV is a clean, simple and well established technology in

international markets that converts solar radiation directly into electricity, and which is becoming an increasingly affordable technology. In response to this omission, the South African Photovoltaic Industry 66


Association (SAPVIA) was born in October 2010 and, after much lobbying and many discussions with the key decision makers, the association successfully contributed to the 8400MW allocation PV now enjoys in the

policy adjusted IRP released in May of this year.

The current allocations are listed in the table below:

SAPVIA, originally only consisting of seven founding members, has grown rapidly in the short space of its existence and now represents 36 companies with at least several more in the process of registering for memberships.

Says Dr. Chris Haw, SAPVIAs Chairperson: Our members comprise mainly developers, manufacturers and service providers operating within South Africas PV industry and our membership base continues to grow at an impressive rate with membership enquiries coming in on a daily basis.

With South Africas renewable energy industry only in its infancy,Haw believes industry associations such as SAPVIA have a major role to play in helping establish the industry. He explains: By providing a conduit through which industry and government can communicate and by keeping each other informed of important developments, we can work together to ensure a successful and sustainable implementation of renewable energy into the countrys supply mix.

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Other benefits SAPVIA members enjoy are networking opportunities; access to industry information and data; notifications of latest industry news and legislative changes that impact the market; access to research papers that would otherwise need to be paid for; participation in meetings and workshops with key stakeholders; as well as discounted rates for certain conferences.

Setting the Ball in MotionAfter much anticipation, the countrys Department of Energy released the eagerly awaited Request for Proposals (RFP)documentationfor its Renewable Energy

Independent Power Producer procurement Programme in August this year, finally setting the renewables bidding process in motion.Says Haw: Although still firmly in support of a renewable energy feed-in tariff programme over the price-based competitive bidding system which the government has opted for, SAPVIA is pleased the documents have been released and that vital steps are being taken to ensure the renewable energy projects get off the ground timeously. Having studied thedocuments and their stringent criteria, Haw continues,the association is impressed with the apparent great lengths the government has gone to ensure the procurement programme is a success.


Rays Experts


Indias Green Torch Bearers

Rays Experts is one of the best solar companies advising and developing the largest network of solar power plants in India. With extensive international experience and in-depth local expertise, Rays Experts is working towards developing as many solar power plants as possible towards developing a green and clean future.

Rays Experts, Established in 2008, are currently the biggest Solar Power Consultants in India based on the

number of projects completed and under execution by this company.

With a strong dedication towards the sustainable development of the Solar Mission in India, Rays Experts is led by professional consulting engineers with a rich experience in the fields of engineering and project implementation of various projects in India along with highly qualified finance experts to take care of the financing structures of their projects.

Rays Experts


Rays Experts


Business & Scope

With a firm belief that every successful project starts with a dream which is pursued not only with dexterity but with a passion to achieve something big, Rays Experts have, over the years, perfected this combination of capability and passion which has enabled them to help their clients realize their dreams.

Given their exceptional track record of performance, customer care and sustained growth, and the fact that they are currently handling about 15% of the total solar power projects being carried out across the country, Rays Experts has emerged as a pioneer in the Indian Power Sector.

Consulting over 55 clients with a portfolio of more than 650 MW solar plants, Rays Experts offers the capability of being able to deliver at every phase of solar projects: from the early stage of site selection to commissioning of solar power plant and thereafter taking care of the operation and maintenance of the plants.

Indias Green Torch BearersSolar Power Plant

Rays Experts


Rays Experts provides a complete package to their clients which involves friendliness, convenience, co-operation, expertise backed with a perfect financial model.

Commercial ServicesWith Commercial services offered by Rays Experts being inclusive of Pre-installation Services, Financial Closure, Project Commissioning, RE Certifications and Module Manufacturing, Rays Experts operate their business with the vision of building A greener, cleaner world with cheap and abundant energy for everyones need.

Indias Solar Mission aims to generate at least 1,100 megawatt of power by 2013

Rays Experts

Currently handling about 15% of the total solar power

projects being carried out across the country, Rays Experts has emerged as a

pioneer in the Indian Power Sector.


Indias Green Torch BearersRays Experts


Rays ExpertsThe drive towards a greener, more sustainable future has meant an increasing demand for solar modules globally. The combination of a policy shift toward renewable energy, combined with the strong and urgent need for job creation in India is causing the solar market to be at the forefront of the Indian

domestic agenda. These forces are arriving simultaneously with the broad availability and declining costs of key materials. Rays Experts estimate that the module demand over the next few years is likely to rise tremendously.

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Experts at Rays, their mission being to create value for our clients by serving complete package of our highly skilled multi-disciplinary engineering team

in the design, delivery and operation of high quality sustainable energy solutions worldwide, help clients

through this entire process; from selecting the appropriate technology to helping clients set up the

complete module manufacturing line.

However, there is currently very little capacity to produce these solar modules domestically. Currently, there is not enough domestic production to satisfy the expected demand so there is an enormous opportunity to produce modules in India. And given the ever-increasing demand for these modules in the Indian market, there has never been a better time to produce solar modules.

The production of solar modules offers new market entrants the best access to this exciting and rapidly growing renewable energy market. However, with the presence

Indias Green Torch Bearersof several technologies, it becomes very crucial to understand, the most bankable technology.

Experts at Rays, their mission being to create value for our clients by serving complete package of our highly skilled multi-disciplinary engineering team in the design, delivery and operation of high quality sustainable energy solutions worldwide, help clients through this entire process; from selecting the appropriate technology to helping clients set up the complete module manufacturing line.

Rays Experts


Continental CoalSouth Africas Leading Thermal Coal producer


South Africas Leading Thermal Coal producer

A South African thermal coal producer, the portfolio of Continental Coal Limited includes producing and advanced coal projects located in South Africas major coal fields.

With two currently operating mines, Vlakvarkfontein and Ferreira, producing 2Mtpa of thermal coal for the export and domestic markets, Continentals aim for 2011 is to develop two more

thermal coal mines. This leading coal producer is targeting a ROM production rate of 7Mtpa by the end of 2012.

The Company has concluded strategic off-take and funding agreements with EDF Trading for its export thermal coal production and recently signed a joint development agreement with KORES, Koreas state mining and exploration company.

Continental Coal


Continental CoalTeaming Up with EDF TradingA leader in the international wholesale energy markets, EDF Trading is a wholly-owned subsidiary of EDF S.A. It boasts the ability to source, supply, transport, store, blend and convert physical commodities across the wholesale energy markets given the combination of its own portfolio of assets, combined with those of the EDF Group businesses.

Continental Coal has signed a Heads of Agreement with EDF Trading under which EDF Trading would acquire the Groups production of export thermal coal from the Vlakvarkfontein, Vaalbank and Project X mines for a period of 20 years at a market API4 benchmark price FOB Richards Bay.

EDF Trading, under the terms of the Heads of Agreement also agreed to provide the Group with a US$20 million coal loan through an advance purchase of forecast thermal coal exports.

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South Africas Leading Thermal Coal producerContinental Coal


Continental CoalFuture Developments, Prospects and Business StrategiesTo further improve the groups profit and maximise shareholders wealth, Continental Coal has planned the following developments for implementation in the near future:

The Group will continue to expand its coal interests in South Africa. It has established its first operating coal mine, namely Vlakvarkfontein, and has at the date of this report entered into a binding heads of agreement to acquire 100% of the shares in unlisted South African mining and export coal producing group Mashala Resources; andThe Group will develop these investments to production through its South African subsidiary Continental Coal Ltd.

These investment opportunities, together with the current strategy of continuous improvement and an adherence to quality control in existing markets, are expected to assist in the achievement of the groups

medium-term goal of investing in highly prospective coal resources in South Africa, with early cash flow to fund its ongoing financial requirements and minimum equity dilution.

Company ValuesContinental Coal, being a leader in the global coal industry, is committed to zero harm to people and the environment.

Believing Health, Safety, Environment and Community as being the companys core corporate responsibilities, Continental Coal considers their employees, contractors, business partners, customers, suppliers, visitors and communities as being equal stakeholders in the operations.

The State and parastatal agencies also form part of Continental Coals stakeholder network.

The management system at Continental is dynamic and responsive and is consistent with industry best practice and legislation. 84



South Africas Leading Thermal Coal producerThe company is committed to documenting, implementing and maintaining its management systems to ensure clarity of purpose, and effective application of systems and procedures to enable it to: Identify, assess and manage risk; Adhere to applicable legislation and industry standards; Define HSEC objectives and targets and measure progress and compliance; Lead, develop and motivate staff to respect and adopt this commitment; Provide adequate resources to reach the HSEC goals; Support the fundamental rights of employees and communities to be safeguarded from unacceptable risk; Minimise the impact of the operations on the environment through pollution control, conservation and restoration of natural resources; Design and implement processes that result in timeous, cost effective and quality product delivery.

Continental Coal believes that the company will be successful when it meets its targets

toward the goal of zero harm and when it is a valued member of the community in which it operates.

Future ProspectsContinental Coal has a strong business plan in place to re-affirm its position as a leading coal producer in the region.

Being located in one of the worlds largest, most developed coal mining regions, Continental Coal boasts a high quality portfolio of advanced development/pre-production mines. The company is looking at furthering this portfolio by developing enhanced access to surface infrastructure including rail sidings, wash facilities, road, port, power and water.

With the goal of increasing production to over 10Mtpa of run of mine coal by end of 2015, Conventional Coal plans to commence thermal coal exports immediately and to further strengthen its financials with robust operating margins.

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Continental Coal


BechtelBuilding Communities, Building the World


BechtelDubbed as being the top U.S construction contractor for the past 13 years by Engineering News-Record (ENR), Bechtel is well-known for being a global leader in the fields of engineering, construction and project management.

With an immensely diverse portfolio that includes projects in the fields of energy, transportation, communications, mining, oil and gas, and government services, Bechtel is currently carrying our projects in locations all across the world - from Alaska to Australia.

Offering an exceptional combination of knowledge, skill, experience, and customer commitment, Bechtel presents the capability to handle any project regardless of the level of challenge involved or the remoteness of the location of the project. The variety of projects undertaken by Bechtel include airports and seaports, communications networks, defense and aerospace facilities, environmental cleanup projects, fossil and nuclear power plants, mines and smelters, oil and gas field development, pipelines, roads and rail systems and refineries and petrochemical facilities.

Building Communities, Building the World

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Headquartered in San Francisco, Bechtel works as much for governments as for commercial customers, and has executed projects that have helped grow local economies and improve the quality of life for communities and people around the world.Employing 52,700 employees across the globe, Bechtel recorded a revenue of $27.9 billion in 2010, and has booked new work valued at $21.3 billion.

History and ValuesHaving been in the forefront of engineering and construction for more than 110 years, Bechtel is one of the oldest and largest family-led corporations in the United States. Established in 1898, the companys phenomenal growth has been furthered by four generations of Bechtels through 23,000 projects in 140 nations and seven

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continents. Along the way, Bechtel established a reputation for undertaking megaprojects -projects too big, complex, or remote for others.

Some of these have become the companys signature projects, including Hoover Dam, the Channel Tunnel, and the San Francisco Bay Area Rapid Transit (BART) system.

With the vision of being the worlds premier engineering, construction, and project management company, Bechtels core values include a strong ethical conduct, excellence, fair return, mutual respect, safety and sustainability.

Established in 1898, the companys phenomenal growth has been furthered by four generations

of Bechtels through 23,000 projects in 140 nations and seven continents. Along the way,

Bechtel established a reputation for undertaking megaprojects -projects too big, complex, or

remote for others.

www.industryleadersmagazine.comOctober 2011 www.industryleadersmagazine.comMr. G.V.Kumar, Senior Vice President, Coromandel Engineering

Bechtel believes in anticipating the needs of customers and partners at every stage of every project they undertake, and delivering in accordance. At the same time, the company also believed in being responsible

for and being considered responsive by the communities in the areas they work in by integrating global and local perspectives, promoting a sound management of resources, and contributing to a better quality of life.


Landmark ProjectsHoover DamCurrently celebrating its 75th anniversary, Hoover Dam is the benchmark project where

According to Mr. Kumar, a key parameter in furthering the companys success is their approach in responding quickly and positively to the requirements of their customers in both

contracts as well as real estate. This, Mr. Kumar says, gives Coromandel a distinct edge over their competitors.

Mr. Kumar firmly believes in deliver customer-centric solutions. According to him, building trust and rapport with customers is vital for any business to succeed.

Mr. Kumar told us that he was very pleased with the companys performance over the past year.

Bechtels megaprojects are concerned.

Looming 726 feet (221 meters) above Black Canyon on the Arizona-Nevada state line, the Hoover Dam is 660 feet (201 meters) wide at the base and 1,244 feet (379 meters) across at the top. It weighs 6.6 million tons (6 million metric tons).

Behind the dam, Lake Mead is the United States largest reservoir, capable of holding more than 9 trillion gallons (thats 3.41 1013 liters) of water from the Colorado River. Water from the lake drives turbines inside the dam that generate electricity for Arizona, Nevada, and Southern California.

The Hoover Dam was built by Bechtel between 1931 and 1936, at a cost of $48.9 million at that time, and continues to be a one of the wonders of the modern industrial world.

Bechtel considers the Hoover Dam a symbol of the human spirit, a project that came around when the country needed it most. B

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Channel Tunnel

Before Bechtel built the 50 kilometer under-sea link between England and France, a strategic connection between these two countries was only a dream. The tunnel carries high-speed Eurostar passenger trains, Eurotunnel Shuttle roll-on/roll-off vehicle transportthe largest in the worldand international rail freight trains.

Connecting end-to-end with the LGV Nord and High Speed 1 high-speed railway lines, the Channel Tunnel was identified in 1996 by the American Society of Civil Engineers as one of the Seven Wonders of the Modern World.

A privately financed project, which ultimately cost $14.7 billion, the Channel Tunnel has

made possible 500 undersea train trips a day with speeds of 160 kilometers per hour. For travelers, the Channel Tunnel has been a boon, dramatically shortening travel time between London and Paris.

James Bay Hydro Complex

This mega-engineering project worth $13.8 billion, harnesses the power of three river basins and the upper catchment of two other rivers in an area of northwestern Quebec that is larger than the state of New York.

With a capacity to generate an amazing 10,300 megawatts of electricity, the complex has been instrumental in fueling the economic growth of the province.

Ivanpah Solar Power Facility

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The above outline only a few of Bechtels signature projects ; projects that have transformed the socio-economic landscape of the areas they have been executed in. Bechtel is currently undertaking hundreds of projects worldwide - from preliminary engineering to full-on construction of power plants, refineries, smelters, roads,

and airports. These include the Ivanpah solar electric generating system in Californias Mojave Desert, Jubail Industrial City in Saudi Arabia, the Chemical Weapons Elimination project in Colorado and Kentucky, etc.

The mega-engineering James Bay Hydro Complex by Bechtel, with its capacity og

generating an amazing 10,300 megawatts of electricity, has been instrumental in fuelling the economic growth of the part o Quebec where it

is located.

James Bay Hydro Complex

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Spaceport America


It is probably immensely difficult for most people to imagine that we are close enough to the space age to be in the process of constructing a commercial spaceport on Earth.

And yet, with Spaceport America, the worlds first purpose-built commercial spaceport, designed

with the needs of the commercial space business in mind, concepts like space tourism have become more real than ever before.

Under construction in the State of New Mexico, Spaceport America describes their vision as being to lead the world in enabling

Launching the Space AgeSpaceport America

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safe and economical access to space through collaborative innovation to enhance the quality of life for all mankind.

Likely to cost the New Mexico government around $200m, upon completion, Spaceport Americas commercial spaceport in New Mexico will offer services to companies such as Virgin Galactic which are working within the space tourism sector

Picture PerfectNew Mexicos weather and wide-open spaces have been ideal for the aerospace industry since Robert Goddard, the Father of Modern Rocketry, began conducting research in Roswell in the 1930s, followed by Wernher von Braun in the 1940s, and NASA in the 1980s.

Spaceport America capitalizes on the fact that a number of avant-garde entrepreneurs are developing both vertical and horizontal launch vehicles towards exploring commercial space travel opportunities.

The space-age terminal and hangar building which will form part of the spaceports facility have been designed by Foster and Partners 98

Spaceport AmericaLaunching the Space Age

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in a manner that enables these buildings to blend in with the desert scrubland here, while housing rocket-based spacecraft and all the safety hazards that need to be taken into account.

The location for the spaceport has been selected given its distance from any sizable populations. Additionally, given that New Mexico has about 350 days of sun each year, weather changes are not likely to affect launches. Also, the White Sands missile testing range being located next to the spaceport ensures the air space overhead is already a no-fly zone, and facilitates logistical ease for companies operating out of Spaceport America.expertise of 1200 people on board.

In the late fifties they began to rapidly grow the company and its tonnage transport. Spontaneous development of the tonnage became possible among others through the establishment of Antyczarterowego Fund in 1958. PM used the resources of this fund until 1963 and bought 22 units of Liberty, Empire and Park with a total carrying capacity of 250 thousand. DWT. These ships allowed the owner to significantly increase the operating range.



Mission & GoalsSpaceport America states its mission as being To develop and operate the worlds first purpose-built commercial spaceport to attract the future space industry, deliver prosperity through public and private cooperation, and inspire the next generation.

Among Spaceport Americas top priorities, providing state-of-the-art, cost effective, multi-modal, and flexible infrastructure to serve current and future customers, while showcasing environmental leadership figures right up top.

To develop and operate the worlds first purpose-built commercial spaceport to attract the future space

industry, deliver prosperity through public and private

cooperation, and inspire the next generation

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In terms of operations, Spaceport America aims to deliver safe, sustainable, world-class operations providing a differentiated customer experience and economic development, tourism, and education through partnerships with future space leaders towards fostering the commercial space industry in New Mexico.

Spaceport America also aspires to help increase awareness concerning the commercial space travel sector, by inspiring the next generation of business and technology leaders through applied educational opportunities

In creating a world first Spaceport America will stimulate domestic and international tourism in New Mexico, and will seek to maximize the collective economic and social benefits derived from the operation of Spaceport America for the citizens of New Mexico and across the country.

Partners

Spaceport America has forged partnerships with a number of strategic companies,


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including Virgin Galactic, the worlds first spaceline and Spaceport Americas anchor tenant, UP Aerospace, Inc. the first company to launch a commercial payload at Spaceport America and Lockheed Martin, one of Americas top aerospace companies.

While Virgin Galactic plans to create a five-star destination experience to accommodate customers, their families, and space enthusiasts at Spaceport America, where they will operate their Spaceship II and White Knight II spacecraft, UP Aerospace offers complete payload recovery and a wide range of tracking, telemetry, and avionics options.

Additionally, Spaceport Americas proximity to White Sands Missile Testing Range is a tremendous advantage towards serving

Spaceport Americas research, development and testing needs. Being the only place in the United States, other than the White House, with restricted airspace to infinity, the 3,200 square mile White Sands facility is the largest open-air/over-land missile range in the Western hemisphere.

Microgravity Enterprises, Inc., located in Albuquerque, New Mexico, and focused on developing affordable rocket flights for commercial and educational purposes, along with the X PRIZE Cup, an annual air and space expo designed to bring together all sections of the aerospace industry to demonstrate their capabilities for the general public are other strategic partners.

In creating a world first Spaceport America will stimulate domestic and international tourism in New

Mexico, and will seek to maximize the collective economic and social benefits derived from the operation of Spaceport

America for the citizens of New Mexico and across the country.



BarceloServing Excellence


Founded in Palma de Majorca, Spain, over 75 years ago, the Barcelo Group is a global leader in the hospitality and tourism sectors. Owned by the Barcel family and run by three generations of family members, the Barcel Group with its hotel and travel divisions operate more than 185

hotels in 15 countries and 505 travel agencies in 23 countries.

Given these figures, the group ranks as being the third hotel chain in Spain, the leading Spanish hotel chain in the USA and the UK, and the 24th largest hotel chain worldwide.In 2007, Barcelo, with its staff of


over 25,000 people, was awarded the Prince Felipe Business Excellence Award in the category of Business Competitiveness-Big

Business.

Philosophy & ValuesA family-run company with an 80-year history, the Barcel Group focuses its activities on the development of different tourism businesses, which are vertically integrated in one business structure.

Although its main interests are hotel management as well as retailer and receptive tour operator networks, Barcel Group is open to participation in other societies to favour its diversification in tourism-related areas.

As part of its corporate social responsibility and commitment to society and the environment, the Barcel Group subscribes to the Global Pact that is coordinated by the Culture Association of United Nations and the Code of Conduct against the Sexual Exploitation of Children. It also collaborates with social non-profit entities like Fundacin Integra and Fundosa for the employment integration of excluded groups within the Company.


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Serving Excellence


The Barcel Group believes its main objectives as being to become a reference brand and business within the national and international tourism sector; to get that all and each of its projects are cost-effective; to use its long experience in the sector of city and holiday hotel management; to meet its clients standards (guests, shareholders, employees, members and collaborators, suppliers and public administrations); to take advantage of business opportunities, opening new markets and being pioneers in the launch of new and innovative products and services; to contribute to the welfare and to the social, political and economic development of the countries where it is present.

One of the main objectives of Barcel Groups Ethical Code is the development of the tourism activity under the principles of environmental sustainability, as well as its commitment to the study of the projects viability considering the preservation of the surroundings and its effects on the area where they are carried out.

Serving Excellence


Growth Profile & DistributionAccording to the Barcelo Groups 2010 annual report, the Group saw a net profit of 10.1 million euros (around $13.7 million), as opposed to its 7.6 million euro net profit from the 2009 fiscal year.

Of the Groups 185 hotels, 72 are 5-star hotels, 98 are ranked with 4-stars and 6 with 3 stars. Offering a total of 47,000 rooms, the largest share of the Groups hotels (81) are located in Europe and the Mediterranean Basin, followed by USA (62 hotels) and Latin America and the Caribbean (33 hotels).

While the hospitality sector has been witnessing difficulties and a general slowdown globally, which has meant a halt in many of the projects, Barcel Hotels & Resorts ended 2010 with the addition of 5 new hotels: 2 in Cuba (Barcel Habana Ciudad and the second phase of Barcel Cayo Santa Mara Resort), 1 in Turkey (Barcel Ankara Antinel), 1 in Morocco (Barcel Marina Smir Thalasso Spa) and 1 in Spain (Barcel Corralejo Bay in Fuerteventura).

Focusing on quality and the medium-high segment of the hospitality industry, the Reactor Plan (2010-2012) initiated by Barcel


Hotels & Resorts in 2010 aims to continue and increase, if possible, the quality of the chains hotel supply.

With this objective in mind, despite the difficult economic scenario, the Group continued to carry out major renovations of strategic establishments such as Barcel Bvaro Palace Deluxe (in the Dominican Republic), which has ended its third year of renovation work with a total investment that already exceeds 250 million dollars, Barcel Santo Domingo (in the Dominican Republic), Barcel Illetas Albatros (in Majorca), which has become a hotel only for adults after the renovation, and Barcel Sants (in Barcelona), a very important hotel for Barcel Hotels & Resorts since it was the groups first city hotel (added in 1995) and which set the standard for the chains urban tourism.

The Co-Chairmen on the Reactor Plan

With respect to business tourism, the city hotels of Barcel Hotels & Resorts have started to experience a certain improvement but the market is still very cautious and 112


with very low prices, so its revival will take slightly longer.

In a transition year such as 2010, and after successfully completing the 2005-2010 Strategic Plan, which enabled our Group to double its portfolio and reposition it completely, from a chain of 3-star hotels to a hotel group with leisure and business establishments exclusively of 4 and 5 stars, t

Industry Leaders Magazine October 2011 Issue

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Transcript of Industry Leaders Magazine October 2011 Issue