U.S. nuclear reactor maker Westinghouse does not expect to come out of Chapter 11 bankruptcy proceedings before the end of 2017 but hopes to complete restructuring in early 2018, its CEO said.
Coal import in August declined 24 per cent on a yearly basis as Indian buyers preferred not to buy any fresh fossil fuel and instead wait and watch ahead of an upcoming auction for the power sector.
The strong demand for oil products will continue and may stay above 5 per cent in the medium term, driven by demand for three key items – petrol, diesel and cooking gas, said a report.
The Japanese investment in India will continue to rise as the East Asian country is keen to expand offshore investments to generate opportunities for its construction and engineering firms, according to BMI Research.
Emerging markets including China and India could be the best bets for investorshoping to fight climate change and boost returns, according to a report Thursday.
Coal India is planning to diversify into new mining areas although it believes the fossil fuel to remain as the primary source of power generation for at least the next two decades, a company official has said.
India is willing to bear nearly 65 per cent cost of the 5,000-mw Pancheshwar multi-purpose project in Nepal that will make the latter powersurplus and control floods, an official said.
In a move to promote the use of electric vehicles, the government has extended by six months the phase I of the FAME India Scheme (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles), a programme that extends incentives to spur purchase and usage of electric vehicles.
Chief Minister Naveen Patnaik today issued a direction to officials to provide electricity to all villages in Odisha by June, 2018, official sources said.
Iraq’s Oil Marketing Company (SOMO) postponed its plan to switch its price benchmark for Basra crude in Asia to DME Oman futures from January 2018, according to a letter seen by Reuters.