• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 13 hours What China is Learning from Russia's War in Ukraine and its Consequences
  • 5 days How cheap Chinese tires might explain Russia's 'stalled' 40-mile-long military convoy in Ukraine
  • 1 day Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65
  • 3 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
Russian Oil Production Falls Almost 9% In April Amid Ukraine War

Russian Oil Production Falls Almost 9% In April Amid Ukraine War

Russia’s crude oil production plunged…

America's Electric Grid Has A $2 Trillion Problem

America's Electric Grid Has A $2 Trillion Problem

Researchers from several U.S. universities…

South Korean and Indian Firms Team up to Build Power Plants

State-run Korea Electric Power Corp. subsidiary Korea East-West Power Co. Ltd. has signed an agreement with Sahara India Power Corp. Ltd. to collaborate in constructing and operating coal-fueled thermal plants in Orissa on India’s eastern coast.

Under terms of the $9 billion project, Sahara India Power Corp. Ltd. and Korea East-West Power Co. Ltd. will build and operate coal-fueled thermal plants capable of generating 6,000 megawatts of electricity. In the first phase of the collaboration, the pair will build two 600 megawatt thermal power plants in Orissa, scheduled to come online by 2016, South Korea’s Yonhap news agency reported.

Sahara India Power Corporation Ltd. CEO Ashok Bhargava and Korea East-West Power Co. Ltd. President and CEO Gil Gu Lee have signed the project’s Memorandum of Agreement in New Delhi. The MoA is an extension of an earlier agreement between Sahara India Power Corporation Ltd. and Korea East-West Co. Ltd to construct a power facility in Titlagarh with two 600 megawatt thermal power plants.

Sahara India Power Corp. Ltd. and Korea East-West Power Co. Ltd. have already received Indian government approval to cooperate in the building and operation of the plants.
Korea East-West Power Co. Ltd. stated that its profits will come from the right to sell electricity for 25 years after the facilities come online.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News