Power generation may attract $11.4 trn over 25 yrs
The Dollar Business Bureau Global power generation may attract around $11.4 trillion investment in the next 25 years, Bloomberg New Energy Finance (BNEF) forecasted in its New Energy Outlook 2016. Though the prices of coal and gas are likely to remain low, electricity system all over the world could gravitate towards renewable sources in the next few decades, it said. Emerging countries would dominate in gaining huge investments in power generation through coal and gas. Over $1.2 trillion will be invested in new coal-based power plants, while $892 billion will be spent on new gas-based power plants. More than $7.8 trillion will be invested in renewable power with wind power attracting $3.1 trillion, solar power $3.4 trillion, and hydro-electric power $911 billion, ...
Indias GDP of 7.5% attracts Canada: Watson
By Deepak Kumar l The Dollar Business Bureau “India and Canada have been natural partners in the global economy, and India’s current GDP growth rate of about 7.5% opens up more opportunities for the two countries to enhance bilateral trade,” says Jim Watson, Mayor, City of Ottawa, Province of Ontario (Canada) in an interview to The Dollar Business. TDB met Mayor Watson, who is leading a business delegation to explore business opportunities during his visits to New Delhi, Mumbai and Bangalore. The freewheeling interaction with the mayor ranged across various matters of bilateral interest, but most importantly, the current level of bilateral trade between the two nations, and if he had set an eye on any particular sector of potential engagements. Excerpts: ...
Power-starved Nepal to import 50% power from India
India agreed to export 50% MW electricity to Nepal throughDhalkebar- Muzaffarpur 400-Kv transmission line The Dollar Business Bureau As per the agreement, India will sell power to NEA (Nepal Electricity Authority) @ Nepali Rs 5.5 which is equivalent to INR 3.45 per unit Prime Minister ofNepalK P Sharma Oli has arrived in Delhi on a six-day visit to India. His visit is mainly to ease the serious ongoing energy crisis in the country. The country has been declared as energy emergency with power outage occurring more than 10 hours every day. Upto 80 MW of power from India will be imported starting today via the Dhalkebar-Muzzafarpur Transmission Line. An agreement to the effect was signed between the two countries sometime back with the ...
