17 Oct 2011

With generous dispensing of cheap diesel to rich car owners, the  government has finally turned the market around.  Media is abuzz with the Petroleum Planning and Analysis Cell’s report. It says the diesel consumption growth rate at 6.4 per cent has outstripped that of petrol at 4.5 per cent. Petrol price hikes have made the fuel price gap gape wider and add to diesel’s lure.

Island Country

The country's largest power producer NTPC may revive its plans to set up coal and gas-based power projects in Nigeria, a proposal scrapped by the company earlier due to a delay in finalising a partner for the proposed venture in the African nation.

The two countries are likely to sign an MoU for the Rs 2,500-crore project.
The government

Sri Lanka's Inspector General of Police (IGP) has said that its Environmental Police Unit has filed 4,212 cases against environment polluters in Colombo so far in September.

IGP Mahinda Balasuriya told the media Thursday that a total of 4,585 cases were reported during the past six months with the highest number of cases being recorded this month.

Balasuriya also noted that the Environmental

Sri Lanka is looking into incorporating nuclear power as an energy source to meet the increasing demand of energy brought up by the accelerated pace of development.

Addressing the 54th sessions of the International Atomic Energy Authority in Vienna, the Minister of Power and Energy Patali Champika Ranawaka said the government of Sri Lanka has approved the Atomic Energy Authority of Sri Lanka to

Bio-fuel derived from biomass will be the foundation of power generation in Sri Lanka in the future, Power and Energy Minister Patali Champika Ranawaka said.

He was participating in an inspection tour of the Tokyo Cement Factory in Trincomalee recently.

The Minister asserted that the power demand in the North and East will be supplied 100 percent within two years.

A bouquet of pacts, including one on deep-sea power cables and another on a rehabilitation centre for Tamil widows, between India and Sri Lanka is likely to be announced when President Mahinda Rajapaksa meets Prime Minister Manmohan Singh at Hyderabad House on Wednesday.

Thimphu: The 16th SAARC summit has adopted an Indian proposal for a roadmap to create a SAARC market for electricity.

The summit urged the member countries to quickly ratify the trade in services deal to open their service sectors.

"The leaders recognised the need to enhance co-operation in the energy sector to facilitate energy trade, development of efficient conventional and renewable ener

Sanjay Jog / Mumbai February 08, 2010, 1:03 IST

With the re-election of Sri Lankan President Mahinda Rajapaksa, India

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