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Kerry: Climate change as dangerous as WMDs

John Kerry, the US Secretary of State, has stressed the importance of tackling climate change in a speech in Indonesia, saying that it may be the world's "most fearsome" weapon of mass destruction. Kerry, who delivered the speech on Sunday in the capital, Jakarta, spoke critically about climate change sceptics adding that everyone and every country must take responsibility and act immediately. "We simply do ...

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Implementation of Power Sector Reforms Essential to Drive Investments in 2014

Buoyant peak power demand, favorable coal prices and a resurgent Southeast Asian economy are likely to drive investments in the Asia Pacific power generation industry for 2014. 2014: Peak Power Demand Remains Buoyant due to Sustained Economic Growth The rising electricity demand is likely to augment power generation in the Asia Pacific (APAC) region by 4.1% in 2014. As per the IMF's outlook, Indonesia, Mala ...

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AP Villagers Oppose Expansion of APGENCO Power Plant

People's representatives from 12 villages and various political parties have strongly opposed the expansion programme of the Narla Tata Rao Thermal Power Station here.

The Andhra Pradesh Power Generation Corporation (APGENCO) power station is gearing up to expand its capacity by 800 MW at its existing 1700 MW capacity power plant.

The Pollution Control Board of Andhra Pradesh conducted a public hearing to ...

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Nepal seeks more investment from Asian neighbours

Government officials have urged foreign investors to increase trade and investment cooperation in Nepal.   Nepal has put high priority on attracting foreign investment in crucial sectors such as hydropower, tourism, road transport and agriculture for the past few years.   Speaking at an interaction organized in Kolkata on Thursday, Chandra Kumar Ghimire, Nepali Consul General in Kolkata, said inve ...

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South Asian legislators for climate action

Legislators from across South Asia have promised to pool their efforts to cope with the impacts of a changing climate, which they see as a common threat to achieving sustainable development. Pakistani parliamentarian Syed Mushahid Hussain, who also chairs the Asian Parliamentary Assembly, said some 120 participants at a December conference in Islamabad agreed to collaborate on climate change adaptation and ...

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Taipower, CPC budgets for ‘neighborhood’ panned

Most of the money earmarked by state-owned Taiwan Power Co (Taipower) and CPC Corp, Taiwan (CPC) for environmental protection, has instead gone toward what he called “bribing the community,” Taiwan Solidarity Union Legislator Hsu Chung-hsin (許忠信) said yesterday. Hsu told a press conference that he would boycott the two companies’ budgets if they refuse to change the way they regulate their combined total th ...

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Asia can’t shy away from hard choices on energy use

Energy is the lifeblood of economic growth. It keeps factories and offices running, ports and airports humming and shopping malls in business. Asia's extraordinary growth story has given the power-hungry manufacturing sector a starring role. The region's energy consumption is now twice US levels. And there are no signs that the expansion of this appetite for energy will slow. At the same time, a heavy depen ...

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Li Ka-Shing’s utility trust seeks US$5.7bil IPO in Jan

HONG KONG: Li Ka-shing's Power Assets Holdings Ltd expects to list its Hong Kong electricity business next month, providing the group with a cash injection of up to US$5.7bil for overseas takeovers.   Power Assets will spin off the business into HK Electric Investments, a single-investment trust, with the listing slated for Jan 29, the company said in a securities filing late on Sunday.   As part ...

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Armstrong Sees Asia Fund Attracting $1.2 Billion to Clean Energy

Armstrong Asset Management, a Singapore-based private-equity company, expects investments from its first Southeast Asian clean-energy fund to total as much as $1.2 billion. The fund will focus on the Philippines, Indonesia and Thailand where renewables policy support is “more advanced,” Armstrong Managing Partner Andrew Affleck said by e-mail. While chiefly interested in solar and mini-hydropower, it’s look ...

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Pakistan facing severe energy crisis

ISLAMABAD, Dec 3: About 1.3 billion people in the world are living without electricity; two-thirds of them being in 10 countries and four of them, including Pakistan, in the Asia Pacific region, says a report of the United Nations. According to the Statistical Yearbook for Asia and the Pacific-2013 released by a UN commission on Tuesday, an estimated 60 per cent of capacity-addition efforts in future will b ...

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