The UPA government

INDIA

In its quest for securing coal reserves, state-run behemoth Coal India Limited (CIL) has built a Rs 5,000-crore war chest to acquire overseas coal mines and meet the growing demand from steel and power companies.

A Chinese state-run company, Shenhua Group Corporation, which had rolled back its plan in 2006, is likely to invest $1.5 billion for setting up 1,000 Megawatts coal-fired plants, it is reliably learnt.

The Sindh government had started re-establishing contacts with the Chinese firm and was giving assurances that no hindrance would be put in place in the project, sources told Business Recorder.

The natural gas industry has enjoyed something of a winning streak in recent years. It found gigantic new reserves, low prices are encouraging utilities to substitute gas for coal, and cities are switching to buses fueled by natural gas.

Aubrey McClendon of Chesapeake Energy blamed

Mega Plants May

A high profile Indian delegation is due in Sri Lanka at the end of this month to strike the historic deal to begin the construction of Indo-Sri Lanka Electricity Interconnection project. Under this project the country will receive electricity of 500 mega watts (MW) initially.

T. Ramakrishnan

President Obama wants to make the United States