RBI to dip into dollar reserves for India energy assets buy - sources
The Reserve Bank of India (RBI) has agreed to earmark some dollar funds from foreign exchange reserves, reversing its earlier stance, to partly fund the government's strategic wealth fund that will buy energy assets overseas, two sources with direct knowledge of the matter said on Friday.
Nuclear power key topic in close Japan leader race
A former top diplomat vying to become the next prime minister proposed Saturday that Japan stop building new nuclear power plants after the Fukushima disaster and phase out atomic energy over 40 years.
Ukraine to Halve Russian Gas Purchases
The country is planning to expand its gas production at the Black Sea shelf as well as to develop shale gas production with the help of foreign partners.
India Expects $6.5 billion to be Invested in Renewable Energy
India expects investments of 300 billion rupees ($6.5 billion) in renewable energy projects in the current financial year, the minister for renewable energy said Friday. India plans to add 3,400 megawatt.
Fears over China's nuclear safety
China has "vastly increased" the risk of a nuclear accident by opting for cheap technology that will be 100 years old by the time dozens of its reactors reach the end of their lifespans, according to diplomatic cables from the US embassy in Beijing.
India aims at over 50,000 MW of nuclear power by 2030
India plans to import light water reactors from Russia, the US and France to boost its nuclear energy genating capacity to 50,000-60,000 MW by 2030, former Atomic Energy Commission (AEC) chairman M.R. Srinivasan has said.
US warns China expanding its naval power
China is increasingly focused on naval power and has invested in hi-tech weaponry that will extend its reach in the Pacific and beyond, the Pentagon said.
Tata Power seeks power projects outside India
Tata Power, part of the diversified Tata group, is looking for power projects outside the country to sustain its growth, chairman Ratan Tata said on Wednesday.
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