News

GAIL has decided to install commercial wind power projects cumulatively contributing 200 MW to the grid.

Silecs International has closed a new round of funding totalling US$16 million.

Hitachi serving as the project leader will coordinate the companies involved.

China Huashui Development and China International Water & Electric  will supply and install wind turbines at the proposed wind farm in Thatta Sindh, Pakistan.

Australian Resources Minister Martin Ferguson asked the nation's electricity providers to replace ageing networks.

Former UN Secretary Kofi Annan presided the event in Berlin.

North Delhi Power Limited has projected its energy sales for FY 2011-12 at 6,892.13 million units.

Minister of Environment and Forests Jairam Ramesh has allowed erection of the remaining five radial gate the 400 MW Maheshwar project.

India's Lanco Infratech is seeking $5.6bn in loans to fund power generation projects in India over the next 15 months.

Pakistan and Russia on Thursday signed four Memorandum of Understandings on energy cooperation, air space, promotion of investment and cooperation in agriculture sectors. The MoU on energy cooperation was signed by Advisor to Prime Minister on Petroleum and Natural Resources Dr. Asim Hussain and Russian Minister for Energy Sergei Shnatro. The MoU on agriculture cooperation was signed by Russian Acting Minister for Agriculture Kovolev while Pakistan Minister for Agriculture and Food was represented by Pakistan envoy in Moscow Mohammad Khalid Khattak while the MoU on promotion of investment between the two countries was signed on Wednesday between the two countries by Chairman Board of Investment Salim H Mandviwala and chairman Russian National Investment Agency. President Asif Ali Zardari and his Russian counterpart Dmitry Medvedev witnessed the signing ceremony. The MoU in energy fields would encourage development of Pakistan’s oil and gas fields, development of petroleum and natural gas storages in Pakistan, improvement of Pakistan’s natural gas infrastructure, project for using natural gas as a motor fuel. A Russian Company Stroytransgaz,  as said in the joint communiqu’, has expressed keen desire to build transnational gas pipeline projects of Pakistan from Turkmenistan, Iran or Qatar. Similarly, Gazprom Geoservice Petroleum Company has agreed to construct oil and gas storage facilities and would also help in the training of Pakistani oil and gas experts and the experts of leading Russian companies have already visited Pakistan. For promotion of agriculture in Pakistan, the main Russian automobile manufacturers are interested to invest in Pakistan and the MoU on  agriculture sector would promote the agriculture sector of Pakistan. For the promotion of investment in Pakistan, Lada is interested to manufacture cars of 1300 cc, Samara to manufacture cars of 800 cc, Nova group to manufacture 800 cc cars. There is also a proposal by Russian companies Chelyabinsk and Traktorexport for manufacture of Russian tractors in Pakistan. The Russian businessmen are keen to invest in Pakistan in telecommunication, banking, energy and infrastructure building and expansion of Pakistan Steel Mills Karachi.

Pakistan opened a 330 MW nuclear plant built with the help of China.

Bangladesh signed contracts with two companies to set up three base-load power plants and one peaking plant having total generation capacity of 1167 MW.

Sarawak Energy Berhad and Sarawak Hidro Sdn Berhad have agreed on the main terms of the power purchase agreement for electricity produced by Bakun hydro dam.

FICCI has called for a higher priority in allocation of coal to the power sector.

Japan approved a plan to help TEPCO compensate victims of the crisis at its tsunami-crippled nuclear plant. It will also save TEPCO from financial collapse.

Tokuyama will make further inroads into the lucrative solar industry by more than tripling polysilicon production from its Malaysian and Japanese facilities.