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Updates on Coal, Energy, IFIs, Land, Water and Forest: 30 July 2015

A.Coal & Energy

  1. JV with NTPC for Patratu inked: http://www.telegraphindia.com/1150730/jsp/jharkhand/story_34326.jsp#.VbnEjPmqqko
  2. Satpura thermal plant incurred excess expenditure of Rs 1,000 cr on coal and oil: CAG: http://timesofindia.indiatimes.com/india/Satpura-thermal-plant-incurred-excess-expenditure-of-Rs-1000-cr-on-coal-and-oil-CAG/articleshow/48272541.cms?
  3. ABC corrects Alan Jones’s Q&A claim that boosted cost of wind power tenfold: http://www.theguardian.com/australia-news/2015/jul/30/abc-corrects-alan-joness-qa-claim-that-boosted-cost-of-wind-power-tenfold
  4. Nava Bharat Ventures achieves financial closure for 300 MW coal project:http://economictimes.indiatimes.com/articleshow/48265526.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
  5. Alston T&D to supply transformers to Neyveli Thermal Power Station: http://www.business-standard.com/article/companies/alston-t-d-to-supply-transformers-for-neyveli-thermal-power-station-115072900642_1.html
  6. Non-coal mine auctions Centre to deploy officials to push state preparedness: http://indianexpress.com/article/business/business-others/non-coal-mine-auctions-centre-to-deploy-officials-to-push-state-preparedness/#sthash.vJ3T9RHZ.dpuf
  7. U.S. Private Sector Vows To Ante Up On Climate Finance: http://www.climatecentral.org/news/private-sector-climate-finance-19286
  8. A coal power plant project near BRB Canal had been scrapped: http://tribune.com.pk/story/928318/coal-power-plant-project-scrapped-govt-says/
  9. Meralco plans to invest $1.2 billion in power projects: http://www.mb.com.ph/meralco-plans-to-invest-1-2-billion-in-power-projects/#sUmr81ug7T72s43T.99
  10. Oil, gas usage up; coal declines: http://english.cntv.cn/2015/07/28/VIDE1438026717277490.shtml
  11. Rajasthan cabinet approves Rs 1.56 lakh crore worth solar projects:http://economictimes.indiatimes.com/articleshow/48257209.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
  12. Can floating solar panels solve Mumbai’s power woes? – See more at: http://www.mid-day.com/articles/can-floating-solar-panels-solve-mumbais-power-woes/16407175#sthash.ytk6yVtg.dpuf
  13. G20 could determine if rich meet climate finance promise: http://www.rtcc.org/2015/07/28/g20-could-determine-if-rich-will-meet-climate-finance-promise/#sthash.Zfd7uiQ6.dpuf
  14. Peabody flags Australian coal mine cuts as shares lose 93% in a year:: http://www.smh.com.au/environment/peabody-flags-australian-coal-mine-cuts-as-shares-lose-93-in-a-year-20150728-gimldx.html#ixzz3hLuvBW9L
  15. Why has Australia’s largest coal mining union backed Labor’s Renewable Energy Target?: http://www.abc.net.au/7.30/content/2015/s4282591.htm
  16. Rs 75,000-crore loans at risk if viability issues of power projects not solved soon: Crisil: http://www.dnaindia.com/money/report-rs-75000-crore-loans-at-risk-if-viability-issues-of-power-projects-not-solved-soon-crisil-2108955
  17. Power sector loans worth 4 lakh crore may be at risk: Crisil:http://economictimes.indiatimes.com/articleshow/48262589.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
  18. CERC backlog of nearly 800 petitions, a drag on power projects:http://economictimes.indiatimes.com/articleshow/48262519.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

B.IFIs

  1. Asian Development Bank, Centre ink $300 million loan pact for National Urban Health Mission:http://economictimes.indiatimes.com/articleshow/48253900.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
  2. China can benefit if it treats its AIIB partners with fairness: http://www.scmp.com/comment/insight-opinion/article/1844794/china-can-benefit-if-it-treats-its-aiib-partners-fairness
  3. AfDB President Urges Japanese Businesses to Invest in Africa: http://allafrica.com/stories/201507281082.html
  4. ADB: Nepal could lose funding if no improvement: http://www.ekantipur.com/2015/07/28/business/adb-nepal-could-lose-funding-if-no-improvement/408547.html
  5. BRICS bank seeking a complementary role: http://www.ecns.cn/business/2015/07-28/174829.shtml
  6. India consortium close to Nijgadh Fast Track deal: http://www.ekantipur.com/the-kathmandu-post/2015/07/27/top-stories/india-consortium-close-to-nijgadh-fast-track-deal/278882.html
  7. Axis Bank signs $200 mn bilateral loan with Asian Development Bank: http://www.thehindubusinessline.com/banking/axis-bank-signs-200-mn-bilateral-loan-with-asian-development-bank/article7470437.ece
  8. China’s economic slowdown may not spell gains for India: http://www.hindustantimes.com/business-news/china-s-economic-slowdown-may-not-spell-gains-for-india/article1-1374153.aspx
  9. World Bank rejects energy industry notion that coal can cure poverty: http://www.theguardian.com/environment/2015/jul/29/world-bank-coal-cure-poverty-rejects
  10. ‘India has the potential to become a multi-trillion dollar economy’: http://www.business-standard.com/article/economy-policy/india-has-the-potential-to-become-a-multi-trillion-dollar-economy-115073000032_1.html
  11. Rajan is right, the window dressing of bad loans by banks should end: http://www.firstpost.com/business/rajan-right-window-dressing-bad-loans-banks-end-2369754.html

C.Land, Water & Forest

  1. Nod for bus-stand concept plan soon: http://www.thehindu.com/todays-paper/nod-for-busstand-concept-plan-soon/article7472618.ece
  2. U’khand’s new land act to efficiently use holdings: http://timesofindia.indiatimes.com/city/dehradun/Ukhands-new-land-act-to-efficiently-use-holdings/articleshow/48272018.cms?
  3. Govt plans to convert 101 rivers into national waterways: Amitabh Verma: http://www.business-standard.com/article/economy-policy/govt-plans-to-convert-101-rivers-into-national-waterways-amitabh-verma-115072300630_1.html

About Intercultural Resources

Intercultural Resources is a forum for research and political intervention on issues related to the impacts and alternatives to destructive development. Our effort draws upon the social, cultural, material and intellectual resources that have been generated in the course of dialogues between people of different cultures on questions of social justice, development and self-rule. We are of the view that dialogue can sustain plurality and open possibilities for recovery of the ground lost on account of inter-cultural alienation, which is manifest in a variety of forms of violence that we encounter everyday at different levels of social life. Intercultural Resources is based in Delhi, India. Email: ihpindia@gmail.com

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