COLOMBO: In the face of impending electricity rate hikes, President Mahinda Rajapaksa has urged authorities to look into cheaper alternative power generating avenues to overcome the crisis, without placing the full burden on the public. The President has made these observations at the 17th session of the National Economic Council on Friday, where an extensive discussion took place to find viable answers to overcome the power crisis. The President has stressed the importance of completing the construction of Norochcholai coal power plant by 2010, and looking at other renewable natural resources such as the wind to generate power, without heavily depending on fuel. It had been noted that since the Government withdrew its subsidy on fuel where a litre of petrol was provided at Rs.55 to the CEB, the Board had suffered huge losses and had no alternative but to increase the tariff. Attention was also drawn to expedite oil exploration to gain maximum benefits to the country. The authorities pointed out that the Government was still providing the kerosene subsidy at a loss of Rs.300 million monthly. Decisions were also taken to expedite matters regarding water management while imposing tough regulatory measures to arrest abuse.

Conventional thinking has it that combating climate change will be a drain on the global economy. But Barclays Capital, a leading investment bank in the us, has recently said that combating

the European Union (eu) and the us state of California recently announced the first-ever fuel standards to regulate greenhouse gas (ghg) emissions. On January 9, 2007, California governor Arnold

a committee set up on March 5, 2007, to investigate a toxic spill by a paint manufacturing unit in south Kashipur near Agartala, submitted its report on March 22 after failing to meet the original

Since its origins as a fuel blendstock in the 1980s, ethanol production in the United States has primarily been a creature of public policy.

Increased demand for ethanol and the financial participation of major lenders has sparked the construction of large production facilities outside the U.S. Midwest Corn Belt. Their new locations - deemed 'destination markets' - are closer to major markets for ethanol and its associated co-products.

Although the Ambani brothers have parted ways, Anil Ambani and Mukesh Ambani are busy in their pursuit to expand their businesses in the energy sector. While Anil is taking the nuclear route, Mukesh

Railway minister Laloo Prasad Yadav and former cricketer Navjot Singh Sidhu are the clowns of Indian politics. But think of the actions of the two in the past fortnight and you will begin seeing the

Biofuel is efficient but its environmental benefits are marginal

Pages