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News

UN Calls for Suspension of Giant Hydroelectric Dam in Ethiopia

UN Calls for Suspension of Giant Hydroelectric Dam in Ethiopia

Jul 31, 2011 at 00:24 | Charles Kennedy

The United Nations has come out in support of critics of Ethiopia's massive Gibe III hydropower project, calling for work to be suspended until the negative impacts of the dam…

Brazil, China Promote Partnerships in Renewable Energy Projects

Brazil, China Promote Partnerships in Renewable Energy Projects

Jul 31, 2011 at 00:23 | Charles Kennedy

The cooperation agreement between Brazil and China, through the China-Brazil Center for Climate Change and Innovative Energy Technologies, could yield benefits for Brazil, especially in the area of renewable energy,…

South Korea and India Sign Nuclear Energy Agreement

South Korea and India Sign Nuclear Energy Agreement

Jul 30, 2011 at 09:04 | Joao Peixe

South Korea and India signed a nuclear energy agreement on 25 July that will permit South Korean companies to enter India’s burgeoning nuclear energy market to construct nuclear power plants.…

Spain’s Repsol-YPF Earnings Hit by Libyan Civil War

Spain’s Repsol-YPF Earnings Hit by Libyan Civil War

Jul 30, 2011 at 09:03 | Joao Peixe

Repsol-YPF, Spain’s largest oil company, said its second-quarter earnings dropped 7.3 percent after refining margins narrowed and output declined because of the Libyan civil war. Repsol-YPF released a statement noting,…

Bangladesh Awards Gas Compressors Work to Russia’s Gazprom

Bangladesh Awards Gas Compressors Work to Russia’s Gazprom

Jul 30, 2011 at 09:01 | Charles Kennedy

Bangladeshi Prime Minister Sheikh Hasina has approved a proposal of Petrobangla to award the contract for installation of two gas compressors directly to Gazprom despite local firms also bidding on…

Kenya’s Consumers Soon to be Forced to Use Solar Energy

Kenya’s Consumers Soon to be Forced to Use Solar Energy

Jul 28, 2011 at 21:02 | Charles Kennedy

According to Kenya’s Energy Regulatory Commission (ERC), heavy domestic and industrial consumers of electricity will soon be required to use solar energy to heat water. The policy is meant…

EBRD Gives Ukraine Additional $100 Million for Chernobyl Work

EBRD Gives Ukraine Additional $100 Million for Chernobyl Work

Jul 28, 2011 at 21:01 | Charles Kennedy

In an eerie reminder of the ongoing cost of nuclear disasters in the wake on the 11 March Fukushima debacle in Japan, the European Bank for Reconstruction and Development has…

Shell Defends Sale of Nigeria Oil Blocs as Legal

Shell Defends Sale of Nigeria Oil Blocs as Legal

Jul 28, 2011 at 20:23 | Joao Peixe

Shell Petroleum Development Company of Nigeria Ltd (SPDC) has defended its decision to divest itself of some of its equity in oil concessions in Nigeria’s contentious Niger Delta region. SPDC…

Chinese Companies Compete for Power Plant Contracts in Poland

Chinese Companies Compete for Power Plant Contracts in Poland

Jul 28, 2011 at 20:22 | Joao Peixe

As if any proof is need of rising Chinese economic power in Europe, Chinese companies are now bidding for power plant contracts in Poland. During the Cold War and…

IMF Unhappy with Romania's State-Owned Companies Management

IMF Unhappy with Romania's State-Owned Companies Management

Jul 28, 2011 at 20:21 | Charles Kennedy

The sluggish reforms in Romania’s state-owned and run companies have raised tensions with one of the country’s main international financiers, the International Monetary Fund.Following a meeting with a visiting…


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