KATMANDU, Nepal (AP) — Nepal signed an agreement Tuesday for an Indian company to build a $1 billion hydroelectric plant to boost supplies in the energy-starved Himalayan nation and export power to India.
The move comes as regional leaders, including Indian Prime Minister Narendra Modi, arrived in Nepal for a meeting of the South Asian Association for Regional Cooperation.
A chunk of either Coal India or Oil & Natural Gas Corp. will go on the market in early December, a finance ministry official told The Wall Street Journal, as India’s government moves to raise billions of dollars to reduce its deficit by courting private investors.
KATMANDU, Nepal (AP) — Nepal is signing an agreement Tuesday for an Indian company to build a $1 billion hydroelectricity plant to boost supplies in the energy-starved Himalayan nation and to export power to India.
The move comes as regional leaders, including Indian Prime Minister Narendra Modi, are arriving in Nepal for a summit of South Asian Association for Regional Cooperation.
The New York Times interviews Pramod Chaudhari, founder of Praj Industries, which has grown over the past three decades into a firm specializing in bioethanol as well as biochemical technologies and waste water.
India’s plans -- backed by Power Minister Piyush Goyal -- to double its use of domestic coal in a push to get more people access to electricity could threaten the global fight against climate change, The New York Times reports.
NEW DELHI (AP) — This week's China-U.S. climate agreement between the world's top two polluters puts pressure on India, No. 3 on the list, to become more energy efficient and should encourage investment in renewable energy.
But the pact is also a relief for India because it acknowledges the long-held view among developing economies that industrialized nations have been emitting heat-trapping gases for many more decades and so should shoulder more of the burden for tackling climate change. Emerging economies argue they should have fewer constraints to pollute as they grow.
Indian Power and Coal Minister Piyush Goyal said it's possible for India to completely wean itself off of thermal coal imports over the next three years as its state-run Coal India expands production, Reuters reports.
NEW DELHI (AP) — Indian authorities set fire Sunday to a stockpile of tiger skins, elephant tusks, rhino horns and other illegal animal parts in an effort to discourage wildlife smuggling in South Asia.
Animal poaching and smuggling have flourished in India, driven by black market demand from China, Vietnam and other Southeast Asian countries where many believe exotic animal parts have medicinal or aphrodisiacal properties. In most cases, there is no scientific evidence that they do.
DHAKA, Bangladesh (AP) — Power was back on across Bangladesh on Sunday, a day after the impoverished, energy-starved nation was plunged into a nationwide blackout when the transmission line from neighboring India failed, officials said.
The country's energy grid was fully restored, and any further problems that may arise would be for "local reasons," Junior Power Minister Nasrul Hamid told reporters.
NEW DELHI (AP) — After months of criticism for not moving aggressively enough on promises of an economic overhaul, India's new prime minister has announced a string of policies designed to kick-start Asia's third-largest economy.
Over the past week, Prime Minister Narendra Modi has unveiled an overhaul of India's archaic labor laws, freed diesel prices from state control and signed an executive order promising to open India's coal industry to private companies. He also appointed Arvind Subramanian, a respected Washington, DC-based economist, as the country's top economic adviser.
The GOP chorus denouncing the Environmental Protection Agency move to lower the ozone standard was joined by House Majority Leader Rep. Kevin McCarthy, R-Calif., senior figures on the House Energy and Commerce Committee, as well as Sen. John Thune, R-S.D., who is chairman of the Republican Senate caucus, The Hill reports.
Ahead of the OPEC meeting in Vienna, oil prices recovered Wednesday from earlier drops triggered by word of a greater-than-expected increase in U.S. crude inventories as well as a comment from Saudi Arabia's oil minister that there would be no need for a production cut. West Texas Intermediate crude for January delivery slipped just 3 cents to $74.06 a barrel on the Nymex, while in London Brent was 5 cents lower to $78.28, Bloomberg reports.
Freeport LNG has closed on financing deals – from Japanese sources -- for two of three planned liquefaction trains at its export facility, and should begin construction on its plant in Quintana, Texas this week, with operation projected to start in 2018, FuelFix reports.
Uranium prices are on track for an 18 percent increase in 2014, which would be the first annual gain for the energy commodity in four years and make it the best performing category in the sector, Bloomberg reports.
Nearly all of the claims dealt with through the settlement process after the 2010 BP Gulf of Mexico spill were handled correctly, according to a third party audit released Tuesday by claims administrator Patrick Juneau, The Times-Picayune reports.
The legal fight over the Environmental Protection Agency’s Waters of the U.S. rule could revolve around what’s meant by the words “adjacent” and “neighboring,” as well as how the regulation defines a flood plain, E&E reports.
After a shareholder lawsuit filed to stop the $2.86 billion merger announced in June between C&J Energy Services and the fracking business of Nabors Industries, a judge in Delaware Tuesday ordered a 30-day suspension to allow for competing offers, but C&J said it would appeal, FuelFix reports.
Oncor’s proposal to install battery storage across the grid in Texas is coming in for criticism from a state lawmaker – Republican State Sen. Troy Fraser said his support for the $5.2 billion project came before he realized an increase in transmission rates would be part of the package, The Dallas Morning News reports.
Speaking about the failure of Google’s renewable energy project RE<C, two engineers, writing in IEE Spectrum recently, said trying to fight climate change using only existing technologies like wind and solar energy won’t work, Fox News reports.