(EnergyAsia, July 2, Monday) — The northeastern states of India have a potential annual yield of 60,000 MW or 240 billion units (BU) that remains untapped. Only 2% of this potential has been developed so far while about 4.65% is currently under construction, said Power Minister Sushil Kumar Shinde in a recent report to parliament....
(EnergyAsia, July 2, Monday) — A consumer watchdog body has accused retailers and producers of creating an artificial shortage in cooking oil supply to force the government to approve a price hike. Many Malaysian consumers use palm oil as a cooking oil. But palm oil’s increasing popularity as a feedstock for biofuels has led to...
(EnergyAsia, July 2, Monday) — Taiwan said renewable energy will meet 10% of its electricity needs by 2010, with windpower accounting for 80% of its renewable energy capacity. According to the Bureau of Energy, there are now 13 wind farms fitted with 103 giant wind turbines along Taiwan’s west coast, capable of generating 420 million...
(EnergyAsia, July 2, Monday) — China reported a 11.5% surge in its crude oil imports for the first five months of the year while domestic production edged up by 1.7%. Its crude imports reached 65.8 million tonnes in the five months while its domestic production climbed to 77.5% million tonnes. Meanwhile, China’s economy continued to...
(EnergyAsia, July 2, Monday) — Both Brent and WTI crude futures settled above US$70 a barrel on the last trading day of June, setting the stage for oil to make another run at record prices in the second half of the year. WTI closed at a 10-month high of US$70.68 a barrel in New York while...
(EnergyAsia, July 2, Monday) — US-based GE Energy said it is establishing new power generation projects offices in the Middle East to coordinate project management activities for the region, where the company has project commitments of more than $4 billion. Ed Wollyung, a 33-year GE veteran, will lead GE’s employees from an expanded projects office...
(EnergyAsia, July 2, Monday) — China’s CITIC Group is poised to join the ranks of the country’s major oil producers following a string of key acquisitions. Through commodity and energy affiliate CITIC Resources, CITIC plans to expand into Kazakhstan and purchase stakes in an oil field in Bohai Bay for a total of nearly HK$9...