“Irrespective of whether we approve of it, the world relies on a capitalist system which favours specialization in resource development and division of labour. Trade is an important manifestation of this system and energy forms a large part of that trade. If energy imports are restricted on the rationale of ‘energy independence’ energy prices would increase dramatically…”

Electricity Regulatory Commissions & Unviable Power Projects

"The huge inefficiency and lack of transparency in the electricity sector are forcing the authorities to conceive uneconomical power projects, and are also creating a scenario wherein KERC may be indirectly pressurized to approve Power Purchase Agreements that will eventually place a heavy tariff on consumers..."

OIL & GAS

• Oil companies to get $6 bn oil bonds for Q1
• Govt to divest 10 pc in OIL to three oil marketing companies
• RIL looking for oil storages globally
• RIL arm set to supply gas to 52 cities
• PetroChina starts processing high-sulfur crude at Dalian
• 'Oil prices could fall around $78 under right circumstances': OPEC

POWER

• First private mega power project set to go commercial
• TNEB to buy surplus power from captive plants
• Reliance Industries, Reliance Power eye CTL projects
• Reliance Infra in cooperation agreement with Shanghai Electric
• 'Tax polluting power companies': Energy Committee
• Companies start excavation on new AP1000 nuclear plant