Indian solar panels are under scrutiny by the US for possible links with China's forced labor
U.S. Customs and Border Protection detained nearly 43 million dollars in electronics equipment shipments from India under a law that prohibits goods made using forced labor. This is a new focus of the agency, which enforces trade. The Uyghur Forced Labor Prevention Act, which prohibits forced labor in Uyghurs, lists polysilicon as a sector of high priority. According to industry sources, solar panels are the most common type of equipment that has been stopped.
India's Thermal Coal Imports Could Rise 10 pct in 2019
India's thermal coal imports could rise by about 10 percent in 2019 due to rail transport problems and other logistical bottlenecks, an executive at the country's largest coal trader Adani Enterprises said on Tuesday.Thermal coal imports rose in 2018 after two years of decline, despite moves by Prime Minister Narendra Modi’s government to cut the country's imports in a bid to reduce the trade deficit.Rajendra Singh…
Indian Oil Aims for LNG Import Capacity of 13.5 Mln T in 5 Years
State-owned Indian Oil Corp Ltd aims to have capacity to import about 13.5 million tonnes of liquefied natural gas (LNG) in five years, its head of business development said on Friday, helping India to gradually move to a gas-based economy. Prime Minister Narendra Modi's government wants to raise the share of natural gas in India's energy mix to 15 percent in the next few years from about 6.5 percent now.
Coal to Become a Scarce Commodity?
The idea of coal as a scarce commodity seems somewhat preposterous given it remains one of the most abundant mineral resources on the planet, but the coming years may see a deficit in seaborne markets for the polluting fuel. The current debate surrounding coal is generally one of how long it will continue to play a role in the world's energy mix before it is replaced by cleaner alternatives, mainly renewables such as wind and solar.
Adani Aims to Ship First Coal from Australian Mine in 2020
India's Adani Enterprises said on Monday it plans to begin work in October to build the controversial Carmichael coal project in Australia, aiming to make its first shipment in March 2020. The company said accommodation at the Carmichael camp reopened last week, setting the company on course to start work on the long-delayed project, which has been down-sized to A$4 billion ($3.18 billion) in its first stage.
Indian Oil Plans $2.4 bln Expansion of Gujarat Refinery
India's top refiner Indian Oil Corp will spend $2.4 billion to increase capacity at its refinery in western India by about a third over the next few years to meet rising local demand for fuel. The plan, announced on Friday, will enable the plant in Gujarat state to process 360,000 barrels per day (bdp) of oil by the end of 2021. It is part of IOC's vision to increase its refining…
Adani's Carmichael Mine is Coal's Game-breaker
The world's biggest planned coal mine is once again lurching toward the finish line as India's Adani Enterprises moves ahead with a final decision on its Carmichael project in Australia. Even if Adani does approve the $4 billion thermal coal and rail project in central Queensland state, the venture is shaping up as a turning point for coal in Australia, with consequences for the industry across Asia.
Coal: Adani defers Australian Investment Decision
India's Adani Enterprises on Monday deferred a final investment decision on its long-delayed Australian Carmichael coal project as the Queensland state government has yet to sign off on a royalty deal for the mine. The company had been planning to make a final investment decision (FID) on the 25 million tonnes a year coal mine and rail project by the end of May. "Adani is advised…
Adani Wins Approval for Australian Coal Project
India's Adani Enterprises Ltd was on Sunday granted approval by Australia's Queensland state government to proceed with a proposed A$10 billion ($7.7 billion) project in the Galilee Basin. Queensland Premier Annastascia Palaszczuk said in a statement that the approvals gave Adani permission to mine coal reserves estimated at 11 billion tonnes and to build haul roads, workshops, power lines and pipelines associated with the mine.
Adani Enterprises Wins Global CSR Award 2016
Adani Enterprises Ltd, the flagship company of the Adani Group, a global integrated infrastructure player, was today awarded the prestigious “Energy and Environment Foundation Global CSR Awards 2016” in the Platinum category. The Award was presented on the final day of the 6th World PetroCoal Congress - 2016 held in New Delhi on 17th February, 2016. Mr. Uma Shankar, Adani Enterprises Ltd received the award that was presented by Ms.
Queensland 2015 Coal Exports at Record Levels
Coal exports from Australia's Queensland state hit record levels for the second year in 2015, with shipments to India up sharply despite stalled attempts by Indian conglomerates to win approvals to dig new outback mines, data showed on Monday. The state's exports rose 2 percent to 220 million tonnes in 2015 from the previous record of 216 million tonnes in 2014, and continue to grow, according to the Queensland Resources Council lobby group.
Adani Group Revamps Businesses
Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced a composite Scheme of Arrangement (“Scheme”) for the demerger of the ‘Port Undertaking’ of AEL into APSEZ and demerger of the ‘Power Undertaking’ of AEL into APL and the emerging simplification of the corporate structure of the Adani Group.
Banks Won't Fund Coal Port Expansion near Reef
Germany's largest bank, Deutsche Bank AG, has declared it will not finance a controversial coal port expansion in Australia near the Great Barrier Reef, responding to calls from environmental groups and tourism operators. HSBC, Europe's biggest bank, also signalled on Friday it would be unlikely to finance the project. Deutsche Bank's stand marks a win for those opposed to $26 billion worth of coal projects that plan to use the Abbot Point port…
