The head of Iran’s Atomic Energy Agency (IAEA), Ali Akbar Salehi said Iran is ready to return to the pre-nuclear deal era.
Australian energy giant Santos has rejected a US$10.9 billion takeover bid by US private investment firm Harbour Energy as too low and high risk, terminating all discussions.
Deutsche Bank strategists downgraded European energy to “underweight” from “benchmark” on Tuesday, recommending investors sell the sector they see as over-valued, arguing it is likely to fall back after strong year-to-date gains in crude prices sent it surging.
Australia’s Santos said on Tuesday it terminated discussions with Harbour Energy and rejected the U.S.-based firm’s final takeover offer of $10.8 billion.
The much-awaited wind-solar hybrid policy has been announced by the government. The industry had been asking for a hybrid policy that would help earn a better return on their capital, and its prayers have finally been answered.
Infrastructure company KEC International sees Saarc as one of the drivers of growth, despite the setback in Afghanistan where some of its employees have been abducted, according to its managing director, Vimal Kejriwal.
Africa is sometimes better known for its vulnerability to climate change than its action on the problem – but a set of African cities intend to change that.
The World Bank today announced it has approved a Rs 2,040 crore (US $300 million) assistance to help scale up India’s energy efficiency program. This includes Rs 1,496 crore of loan and additional Rs 544 crore to be provided as guarantee for projects.
The International Energy Agency (IEA) has estimated that India will lead the world in terms of the power consumed for residential cooling. The agency estimates that India’s cooling-related energy demand will soar from 90 terawatt hour in 2016 to 1,350 terawatt hour (TWh) in 2050 — a 15-fold increase.
Sterlite Power today announced it has received a $47 million order from GS Group of South Korea for supply of a High-Performance Conductor.