Now Blackstone has decided to gamble on India’s Power Deficit Story by investing $300 million for an undisclosed stake in the company.With investment plans of $6.5 billion and parent company sinking under loads of debt,Moser Baer Projects desperately needed equity which has been provided by Blackstone.Its previous track record in Solar and Optical Media does not inspire a lot of confidence.But India’s 8-9% Growth Rate is like a Rising Tide which will lift all sorts of Boats.Blackstone is perhaps gambling more on that rather than on Moser Baer.

UN’s CDM panel which decides on the eligibility of projects under this scheme has come under criticism for being too lenient in approving projects.It has been said that these projects sometimes lead to more emissions defeating the very purpose of this scheme.The Panel has become more discerning and has rejected around 50 Wind Projects in China because they were thought to be profitable even without these credits.

A huge 2640 MW coal plant has received a major jolt after its environment clearance was rejected by he National Environmental Appellate Authority (NEAA).This plant which is supposed to come up in Srikakulam district in the southern state of Andhra Pradesh.This rejection comes after massive protests organized by local fishermen and farmers whose livelihood is […]

US Export Import Bank (Exim) is a government owned financial institution which helps support US trade through credit financing of exports/imports of US companies.The Bank is also an instrument of US government policy which supports renewable energy and acts against climate change.However its recent policy actions have been criticized heavily by environmental groups for supporting […]

Jindal Steel and Power Limited (JSPL),one of India’s biggest private sector Steel companies is looking to build a Rs 42000 crore ( ~$10 billion) Coal to Liquid (CTL) project in India’ eastern state of Orissa.Note JSPL is headed by Naveen Jindal who is also a leader of India’s ruling Congress party.This CTL plant will be […]

India-China Economic Growth leads to sharp increase in GHG Emissions The 21st Century is said to be a China-India Century with these Large Asian economies expected to dominate the world through their fast growing economics and large sizes.Their economic development has led to a rapid increase in Global GHG Emissions making China the world’s largest […]