In September, India’s new environmental minister, Prakash Javadekar, caught world leaders off-guard at the UN Climate Summit when he told The New York Times that his country’s carbon-dioxide emissions were expected to continue to rise for the next 30 years. Considering India’s energy needs today, and how it hopes to develop in the coming decades,… Keep reading →
Energy News Roundup: Venezuelan Debt Default? FERC Investigates Polar Vortex and India’s 15GW-Solar ProgramBy Jared Anderson
Analysts and investors are trying to figure out the point at which oil prices fall too low for Venezuela to continue servicing its debt. The country’s export revenues are 95% oil reliant. “But this week’s fall in the oil price has further fomented worries of a possible default, pushing up Venezuelan bond yields to more than 18… Keep reading →
On 24 September 2014, the Indian Supreme Court cancelled 214 out of the 218 existing coal-mining licenses. The only mining licences which were not cancelled were four coal blocks made to Government controlled undertakings linked to major state power projects, and which did not involve a joint venture with a private company.
The decision follows a report from federal auditors in 2012, which found that India had lost roughly US $33bn due to coalfield rights being sold off cheaply. The audit report was supported by an earlier judgment of the Indian Supreme Court on 25 August 2014 where the Court declared that all 218 coal mining licenses both to private and state companies were assigned illegally by the central government in a process that lacked transparency and was arbitrary and illegal.
Back in 2011, Shell took the final investment decision (FID) on its Prelude FLNG project and started having a floating liquefied natural gas (FLNG) terminal built in South Korea in order to produce and export LNG from the so-called Browse Basin, about 300 miles off the coast of Western Australia. This project is the first… Keep reading →
The leaders of Brazil, Russia, India, China and South Africa (known as the BRICS) recently met to launch a newly-created international fund called the New Development Bank (NDB). The BRICS represent roughly a fifth of the world economy and 40 percent of the global population. The NDB will have an initial capital pool of $50… Keep reading →
Hindu nationalist Narendra Modi of the Bharatiya Janata Party (BJP) was elected Prime Minister of India in May with a strong platform of less government, more governance. Modi’s campaign stood on the pillars of development, growth, and good governance. Now, Prime Minister Modi and recently-appointed Minister of State for New and Renewable Energy, Piyush Goyal,… Keep reading →
A key indicator of global energy production and consumption growth is mega-project construction. Where are the world’s largest power plants, mining operations, oil & gas developments, utility-scale renewable energy projects or desalination plants being built? These mega-projects require a company to oversee the engineering, procurement and construction (EPC) aspects of the capital intensive investments. It’s… Keep reading →
In a way, it’s new: A U.S.-based company is among those charged with dumping solar products (instead of doing the charging). But India’s move toward imposing duties on First Solar and more than 20 other solar companies that sell products in the country is really just the latest dose of uncertainty added to the solar… Keep reading →
The world’s largest democracy is holding its elections, and the result will have big implications for the future of Indian energy policy. By May 12, an expected 815 million voters – the equivalent to the combined populations of the U.S. and the European Union — will have gone to the polls to vote in India’s general election.… Keep reading →
Originally Posted on TheEnergyCollective.com On the coast of India’s Gulf of Kutch in Western Gujarat, near a small town called Mundra, an iconic fight against Tata Power’s Mundra coal plant is brewing. This fight has become the epicenter of a ‘rousing struggle’ against coal expansion – and a microcosm of India’s election politics. A small group of local fisherfolk are opposing… Keep reading →