India

Nepal signs Indian power deal during Modi visit

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.

India to sell off energy stake

Source: 
The Wall Street Journal

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.

Nepal to sign India power deal during Modi's visit

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.

India’s Praj Industries focuses on bioethanol

Source: 
The New York Times

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.

Climate change risk from India’s coal plans

Source: 
The New York Times

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.

US-China climate pact seen boosting Indian efforts

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.

India may stop thermal coal imports soon as domestic company boosts output

Source: 
Reuters

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.

India destroys stockpile of illegal wildlife parts

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.

Bangladesh power back on after nationwide blackout

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.

India picks up pace on economic overhaul

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.

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