Although interrupted A by the current glob A al slowdown, the Indian economy needs to return to the growth rates of 8-9 per cent p.a. of the last 4 years. If we have to lift out of poverty the 400 million fellow Indians who live on less than one dollar a day, the growth rates need to continue and scale even greater heights.
President Zillur Rahman yesterday said Bhutan could export hydropower to Bangladesh to help mitigate the current power crunch here as the Himalayan country hold a huge potential for producing about 30,000-megawatt hydroelectricity. He stated this when the newly appointed Bhutanese Ambassador to Bangladesh, Dasho Bap Kesang, presented his credentials to the President at Bangabhaban.
A group of Canadian green energy and technology companies pitched for investment on Wednesday, saying they are poised to flourish from government stimulus spending and tougher environmental regulations.
Chinese solar company Suntech Power Holdings Co Ltd said it was starting a 1.5 megawatt rooftop solar system project in Jiangsu province in China and the project is expected to be eligible for subsidies by the Chinese government.
The photovoltaic module maker said it was building the system in HuaiAn City with state-owned Jiangsu Guoxin Asset Management Group.
The National Assembly Standing Committee on Science and Technology stressed the need for Alternative Energy Sources to overcome the energy crises. The Committee recommended that the Alternate Energy Development Board (AEDB) and Pakistan Council for Renewable Energy Technology (PCRET) be merged, as mandate of both the organisations were the same.
German solar companies that have not yet set up US and Chinese production plants are likely to lose out on significant subsidies and will struggle to bring down their production costs to the levels of their Asian peers.