Energy Sector

OPEC crude price inches downward

ViennaOrganization of the Petroleum Exporting Countries - The price of crude oil

East Asia searches for ways to solve oil, food crisis

Singapore - East Asian government ministers called for a "holistic and sustainable approach" to the spiralling food and fuel prices besetting the region, a statement said Wednesday.

The ministers of the 10-country Association of South-East Asian Nations (ASEAN), plus China, Japan, South Korea, India, Australia and New Zealand, noted that the problems of high food and oil prices are closely interlinked.

"We should pursue a holistic and sustainable approach to these issues given their inter-related nature, in particular the need to balance between food and biofuels production," the ministers said in a statement.

Little movement in OPEC crude price

Vienna OPEC- The price for crude oil produced by the Organization of the Pe

Energy Development Company to setup 1.5 MW wind mill energy plant

Kolkata-based Energy Development Company Limited has decided to set up a 1.5 MW wind mill energy plant in District - Chitradurg in the state of Karnataka, with a capital investment of Rs 9.5 crore

Energy sector accounts for 90 per cent of investment in Myanmar

Yangon  - Energy sector accounts for 90 per cent of investment in Myanmar  Investments in Myanmar's energy sector last year amounted to 474 million dollars or 90 per cent of the total foreign direct investment in the country which is the target of economic sanctions, media reports said Tuesday.

Karnataka to set up 2000 MW thermal plant in Chhattisgarh

The Karnataka government has decided to set up a 2000 MW thermal power plant in Chhattisgarh. The state chief minister B S Yeddyurappa said that it would be set up in Janjgir district. The state government will acquire 2000 acres of land for the proposed project at Goghna. Chhattisgarh’s Chief Minister Raman Singh has already given nod to power project.

The project site is well connected to rail and road link. The water is also available from Mahanadi River for power plant. Thus the site is technically fit for the set up of plant.

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