News

Bangladesh will pursue full financial support from Russia, besides technical and technological assistance, to set up two nuclear power plants.

The government of Bangladesh has decided to go for construction of coal-based power plants from 2014 to phase out costly rental power projects.

Malaysia plans to call for bids by as early as the first quarter of next year for gas-fired power plants in Peninsular Malaysia.

Construction began for a major solar power plant in northwest Ningxia Hui Autonomous Region as part of China's efforts to accelerate the development of renewable energy.

NTPC lamented that coal shortage is hurting the performance of several of its plants, including Dadri and Vindhyachal, resulting in lesser electricity generation.

India may change bidding rules for new 4,000 Mw power projects to allow companies to adjust tariffs in case a change in regulations makes fuel imports costlier.

ONGC is exploring investment opportunities in the nuclear power generation sector in association with the Nuclear Power Corporation of India Limited.

GE Energy and Greenko Group formed a venture where US $115 million will be invested to set up wind power projects of 500 megawatt capacity in India.

Star Hydro Power has secured a $97m loan from the Asian Development Bank to finance the construction of a 144MW hydro power plant in Muzaffarabad, Pakistan.

The transaction would mark the latest energy sector deal between China and Canada.

BHEL has again secured a thermal power plant contract from Dainik Bhaskar Power Limited.

India's President Pratibha Patil empahsized that nuclear energy was an essential element of India’s national energy basket.

The World Bank has approved US$172 million credit for Bangladesh to support installation of an additional 630,000 solar home systems and other renewable energy mini-grid schemes.

ADB will invest $750 million for power transmission systems that will help India efficiently transfer electricity to regions where the need is greatest.

ADB is providing loans of up to $350 million for transmission system upgrades to help the Indian state of Himachal Pradesh take greater advantage of its vast hydropower resources.

South Korea's Hyundai Engineering and Daewoo International will sign an agreement with Ashuganj Power Station for the construction of a 225MW power plant in Bangladesh.