Staff Reporter

But the country appears incapable to meet the soaring demand as only 30% of the $40 billion investment capital needed for the development of a power sector less reliant to hydropower by 2015 is currently met.

The best power companies were recognised at this year's awards held in Malaysia.

Vietnam has become the attractive destination for foreign clean energy investors with shortage in energy and willingness to develop clean energy sources.

Orient Green Power Company Limited synchronized another 40.80 Mw capacity to the state grid of Tamil Nadu.  This Wind Farm is located at Kazugumalai in the Tirunelveli / Thuthukudi districts in Tamil Nadu.

India is on the verge of missing the capacity addition targets for 11th Plan, with a cumulative capacity addition of merely 8,101 MW during the third quarter of FY 2011-12. 

Oriental Peninsula Resources Group Inc. is set to add a power generation plant with a maximum capacity of 60 megawatts to  be fueled by local coal.

 ABB won a US$71 million contract to supply substations from the Steel Authority of India.

The implementation of the Indian-US civil nuclear deal will take at least two years finalisation of the business model between India's NPCIL and US vendors.

A joint venture that would set up a 500 Mw coal-based power plant in Sri Lanka has been incorportated by India's NTPC and the Ceylon Electricity Board.

Brazilian utility Furnas has signed an accord with China Three Gorges Corporation to develop renewable energy projects around the world.

Anil Ambani announced that his firm Reliance Power is poised to become the country’s largest private sector power generation and coal mining company in the next five years.

The Energy Studies Institute says the outlook for residential PV systems is less optimistic in Singapore since more than 80% of Singaporeans reside in high-rise buildings.

As little as 20 % of projects may be done due to lack of carbon credits. The country still faces the perennial problem of long process of achieving Emission Reduction Purchasing Agreement (ERPA), says Dang Thi Hong Hanh, deputy executive officer of Energy Environment Climate (EEC).

State construction firm Wijaya Karya will spend 1 trillion rupiah to develop three power plants, reports Reuters citing and Investor Dailoy story.

The Indonesian government will offer 17 infrastructure projects worth $9.98 billion under the public private partnership scheme to investor via open tender,reprots Reuters.