Pakistan’s government has finally admitted it needs help. Finance Minister Asad Umar says he will be meeting officials of the International Monetary Fund on the sidelines of its annual meeting Bali this weekend. There he’ll try and work out the terms for a bailout that would cover a $10 billion hole in Pakistan’s financing needs. […]
Day: October 11, 2018
Captive power units urge PMO to address coal supply issue, seek rate parity
Power industry body ICPPA has requested the Prime Minister’s Office (PMO) to take steps to address the issue of coal availability and its supply. The Indian Captive Power Producers Association (ICPPA) members include players from key sectors such as steel and aluminium. In the letter to PMO, dated October 4, ICPPA said aluminium is a […]
Insuring India’s nuclear power assets: How much cover is good enough?
Does a Rs 15-billion insurance cover serve the expanding nuclear business in India? Even though the target of 63 GWe of nuclear power by 2032 set by its National Energy Policy looks far too ambitious to achieve, the scaled-down 22 GWe would also need more insurance cover. It is one of the key themes for […]
Now travel from Singapore to New York in record-breaking 19 hours! Flight to take off today
Passengers were getting ready to board the world’s longest flight on Thursday — a marathon 19 hours in the air between Singapore and New York. Two pilots, a special “wellness” menu and more than seven weeks’ worth of film and television entertainment were expected to accompany travellers on the 16,700-kilometre (10,400-mile) journey to the Big […]
OPEC’s Barkindo worried about spare oil capacity as investment falls
OPEC Secretary-General Mohammad Barkindo said on Thursday that oil producers are very concerned about spare output capacity amid a reduction in energy-industry investment, with crude prices rising recently on fears of a drop in Iranian supply. Oil prices have rallied this year on expectations that U.S. sanctions on Iran will strain supplies by lowering shipments […]