Years of surging economic growth that spurred sales of luxury goods — Louis Vuitton handbags, Tiffany rings, BMW 5-Series cars — as well as mundane items like KFC chicken and Kone elevators already had given way to the deepest slowdown since 1990. Chinese policy makers on Tuesday added to the pain for international companies by devaluing the yuan by the most in two decades, sending shares of automakers, lux ...

"Called Monsoon Wind Farm, the US$1.5 billion [Bt50 billion] farm will be located near the Mekong River across from Ubon Ratchathani," said Woramol Khamkanist, who heads the firm. The accord was signed by Laos' Deputy Minister for Investment and Planning Dr Khamniang Phonsena and IEA director Paradai Suebma. Laos' Deputy Minister for Energy and Mining Vilaphon Veelawong and Royal Thai Embassy official in La ...

Coal is having a rough year. Between President Obama’s new Clean Power Plan, the pope’s moral pronouncements on climate change and the abundance of cheap natural gas, there’s not a lot of love for the combustible black rock that still provides 29 percent of the world’s energy. If coal were a movie hero, it would be Rocky: a tough American working-class underdog who peaked decades ago and is ready to put up ...

Anyone looking for the biggest immediate impact from Iran’s nuclear deal may want to turn away from the Middle East and toward the Indian subcontinent. With U.S. sanctions easing, India is racing to build a port in Iran that will get around the fact that its land access to energy-rich former Soviet republics in Central Asia has been blocked by China and its ally Pakistan. “We’re seeing the latest manifestat ...

China, which is on track to build the equivalent of one new 600-megawatt coal-fired power plant every 10 days for the next 10 years, is also committed to boosting the amount of emission-free energy it produces. By 2030, the government announced this week, it wants to reduce fossil-fuel energy by 20 percent. 8 Cray Cray Ways To Harness Solar Energy To that end, the country is already constructing its largest ...

On a quiet river bend on the China-Vietnam border, a group of people clambered up a muddy bank. They had just glided across the river from the Vietnamese side in a longboat, guided by men on both banks signalling with flashlights. The passengers scurried over to a group of men standing by their motorcycles, climbed aboard the bikes and disappeared into the night. Two Chinese police officers in uniform, stat ...

In a bid to reduce diesel consumption in trains, the Indian railways have sort to harness solar energy to run their trains. This will prove to be highly cost-effective to the railways by saving upto Rs 1.24 lakh per coach year. The train in trial has one of its non-AC coach fitted with solar panel on the rooftop. Out of the 40 sq metre of space on the roof of the coach, about 24 sq metre is covered with sol ...

Hence, Pakistan, a participating country of the Casa-1,000MW project, would be able to derive benefit when other nations come forward and use the transmission line to export electricity to the country. An official at the Water and Power Ministry said under the power import agreement with Tajikistan and Kyrgyzstan, Pakistan would get electricity in the summer season. However, he said that there would be no p ...

Despite a current pause in commitments to new projects, the capital expenditure for FLNG vessels is expected to amount to $35.5 billion over 2015-2021. There is huge interest in the technology, and future commitments hinge on the success of just a few projects. The delivery of Petronas’ PFLNG 1, also known as the PFLNG SATU, will be the world’s first FLNG vessel to start operations on its completion by the ...

Emerging markets are undeniably today's hot spot when considering wind power projects and there are clear indications that developing economies will soon dominate the chart with top markets to invest in. It is important to remember that renewable energy development in emerging markets follows a path very different from the one set by the centralised grids of the industrialised world. Renewables growth in de ...