Staff Reporter

South Eastern Coalfields Limited has served a notice to its Aditya Birla Group's Birla Cellulosic unit for the cancellation of the letter of assurance and encashment of commitment guarantee for the said plant.

Masayoshi Son  said wind and geothermal power will likely be key components of his new power generation business, along with solar power.   The billionaire founder of Japanese telecom firm Softbank Corp , Son placed 1 billion yen of his own money to create the foundation in the wake of Japan's nuclear crisis, said Softbank will invest 10 to 20 billion yen or $129-$257 million in the new business that it aims to set up by the spring of 2012.

Banpu Pcl has offered to buy Mongolia-focused Australian coal explorer Hunnu Coal Ltd for A$423 million or US$443 million.

The mechanism to adjust Vietnam's electricity price will based on the monthly calculation and examination of the volatility of fundamental input parameters in comparison with parameters in use to determine the current electricity price.

International donors will meet in Dhaka on September 20 to discuss the Bangladesh government’s target to generate 500 MW renewable energy from solar system and other sources by 2015 in the country.

Munich Re (MUVGn.DE) and China's Ping An Insurance will jointly develop insurance products and services for Chinese renewable energy companies in their first co-operation, the two companies said on Thursday. "These solutions reduce the risks for investors, thus making large projects possible," the companies said in a statement. A Munich Re spokesman declined to comment on whether wider co-operation between the two companies was envisaged. "The focus here is our expertise in renewable energy," the spokesman said, adding Munich Re had developed its own insurance policies guaranteeing product performance for solar panels, and wind and geothermal facilities. The spokesman also declined to comment on the potential premium volume and timetable for the rollout, but said some projects and clients in China had been identified. China is a leading manufacturer of renewable energy technologies, accounting for about half of world production of solar panels last year. It invested nearly $50 billion in green energy projects and research in 2010. China aims to provide to provide 500 gigawatts through renewable energy by 2020, largely from wind and solar power. Munich Re is the world's biggest reinsurer, with premiums of about 46 billion euros ($64 billion) last year, while Ping An's property and casualty insurance operations make it China's No. 2 player in non-life insurance. Reuters.

Hudson Clean Energy Partners aims to raise its first yuan-denominated fund, the largest of its kind, to invest in China's rapidly expanding clean energy market.

SECL has served a notice to Aditya Birla's Birla Cellulosic unit for the cancellation of the letter of assurance and encashment of commitment guarantee for the latter's 25 MW captive power plant at Kharach, Gujarat.

The International Court of Arbitration is reviewing the additional required information over controversial Kishanganga Hydro Power Project, which both Pakistan and India submitted recently.

The Three Gorges Dam, the world's largest water control and hydropower project, started collecting water early Saturday in an effort to reach full-capacity by the end of October, said an official with the project.

Mitsui and Toshiba are jteaming up to build Japan’s largest PV system.

Kansai Electric Power has started commercial operation of its 10MW PV plant in Sakai City, Osaka.

Realforce Power has completed work on a 2.5MW PV array on the roof of a technology institute in Shandong province.

The winning bid involves supplying 26 wind turbines of 3.6 MW  each, according to a Bloomberg report.

The capacity of Pipeline “C” will rise to 25 billion cubic meters a year by December 2015.

Peoples and Venture Energy Resources and Union Consultant and Venture Energy Resources are foreunners to get two power plant projects of 52.50 MW each at Munshiganj and Comilla.