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	<title>The Energy Business - India Energy News, Nuclear Energy News, Renewable Energy News, Oil &#38; Gas Sector News, Power Sector News</title>
	<link>http://energybusiness.in</link>
	<description>Connect &#62; Decode &#62; Energise</description>
	<lastBuildDate>Fri, 16 Dec 2011 03:49:05 +0000</lastBuildDate>
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		<title>Energy, economy high on PM&#8217;s agenda in Russia</title>
		<description><![CDATA[Prime Minister Manmohan Singh on Thursday said India would seek to substantially expand bilateral trade with Russia from the current $8.5 billion, while enhancing ties in a host of areas such as defence, energy, space technology and health.
Ahead of his departure for Moscow on Thursday for the annual India-Russia Summit at the invitation of President Dmitry Medvedev, the prime minister said his talks with the Kremlin leadership will also cover multilateral issues, notably on ways out of the global economic slowdown.
&#8220;I will discuss mechanisms to further expand our bilateral cooperation, ...]]></description>
		<link>http://energybusiness.in/energy-economy-high-pms-agenda-russia/</link>
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		<title>Assam government seeks &#8217;serious&#8217; investment in power</title>
		<description><![CDATA[The Assam government said it is looking for serious investment in the power sector. The announcement came at a time when anti-dam activists are up in arms against large dams in the north-eastern and have been launching a string of protests.
At a conference on &#8216;Powering Northeastern India&#8217;, organized by the Independent Power Producers&#8217; Association of India (IPPAI) and supported by the Assam government power minister Pradyut Bordoloi projected the state as a safe and secure destination for investment in the power sector.
At the same time, Bordoloi reminded the power developers ...]]></description>
		<link>http://energybusiness.in/assam-government-seeks-serious-investment-power/</link>
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		<title>Oil Ministry pegs FY14 crude output at 45.57 million tonne</title>
		<description><![CDATA[India&#8217;s crude oil production is likely to jump by 21% to 45.57 million tonne in 2013-14 vis-a-vis 2010-11 on the back of output from newer fields like the Rajasthan block of Cairn India, Oil Minister S Jaipal Reddy said.
The nation produced 37.68 million tonnes of crude oil in 2010-11, which is expected to rise to 38.18 million tonne during the current fiscal, he said in a written reply to a question in the Lok Sabha. The output is expected to further rise to 42.30 million tonne in 2012-13 and to ...]]></description>
		<link>http://energybusiness.in/oil-ministry-pegs-fy14-crude-output-4557-million-tonne/</link>
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		<title>ONGC in talks with Rosneft, Novatek for Russia energy assets</title>
		<description><![CDATA[State-run explorer Oil &#38; Natural Gas Corp.&#8217;s overseas investment unit is in talks with Russian companies OAO Rosneft and OAO Novatek to seek a greater share in energy assets there, foreign secretary said Wednesday.
&#8220;OVL [ONGC Videsh Ltd.] is keen to get involved in the development of Sakhalin-3 and they [OVL] are in discussions with Rosneft for this,&#8221; Ranjan Mathai said at a news conference. &#8220;OVL is also in talks with Novatek to access gas deposits in the Yamal peninsula in the north eastern Siberian region.&#8221;
Mathai was briefing the media ahead ...]]></description>
		<link>http://energybusiness.in/ongc-talks-rosneft-novatek-russia-energy-assets/</link>
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		<title>ADAG denies illegal funds transfer charge</title>
		<description><![CDATA[Two UBS bankers here unsuccessfully tried to create an offshore investment entity allegedly to enable industrialist Anil Ambani route his funds back into the Indian stock market, said a media report quoting proceedings at a financial market tribunal here.
In a statement issued from New Delhi, Anil Ambani-led Reliance Group, however, said that no charges have been levelled against them by the UK regulators in these proceedings.
The group also said that the five-year-old matter relates to a regulatory action in the UK against a foreign bank&#8217;s former employees for misuse of ...]]></description>
		<link>http://energybusiness.in/adag-denies-illegal-funds-transfer-charge/</link>
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		<title>NTPC to set up 50-Mw solar plant in Madhya Pradesh</title>
		<description><![CDATA[State-owned power major NTPC is going to set up its biggest solar (green) power station of 50 megawatts next year at an estimated cost of around Rs 700 crore in the electricity-starved state of Madhya Pradesh.
&#8220;We are setting up our biggest solar power project at an estimated cost of around Rs 700 crore in Rajgarh district next year. NTPC will sell the entire power generated from this project to Madhya Pradesh,&#8221; NTPC official said today.
&#8220;The government will soon ink a power purchase agreement with NTPC to procure energy from this ...]]></description>
		<link>http://energybusiness.in/ntpc-set-50-mw-solar-plant-madhya-pradesh/</link>
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		<title>CIL allowed to buy stakes in unlisted overseas firms</title>
		<description><![CDATA[Coal India&#8217;s (CIL) board of directors has approved a proposal for the mining firm to acquire stakes in unlisted overseas firms, provided the &#8220;offers were valid&#8221;.
The decision was taken in a meeting of the company board on Wednesday. The development comes in the wake of Finance Ministry approval last month for the public sector firm to go-ahead with a buyout of overseas firms that are unlisted.
&#8220;It was decided during the board meeting that if the offers were valid then they can be evaluated by Coal India,&#8221; a top official with ...]]></description>
		<link>http://energybusiness.in/cil-allowed-buy-stakes-unlisted-overseas-firms/</link>
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		<title>PowerMin seeks exit of NTPC from ICVL JV with steel companies</title>
		<description><![CDATA[Power ministry has asked the steel ministry to permit state-owned NTPC to exit ICVL, the joint venture formed for the acquisition of coal properties abroad, as the company is finding it economically unviable to go ahead with the proposal.
NTPC had informed the power ministry that it should be allowed to exit ICVL because coal requirement of NTPC is very different from those of the steel companies like SAIL and RINL, making the venture an unviable investment for it.
International Coal Ventures Ltd (ICVL) is a JV between SAIL, Coal India, Rashtriya ...]]></description>
		<link>http://energybusiness.in/powermin-seeks-exit-ntpc-icvl-jv-steel-companies/</link>
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		<title>RIL&#8217;s D6 block gas output falls to all-time low</title>
		<description><![CDATA[Reliance Industries has seen gas output from its eastern offshore KG-D6 gas fields drop to a fresh all-time low of 39.80 million standard cubic metres per day. Natural gas production from the Dhirubhai-1 and 3 gas fields and the MA oilfield in the KG-DWN-98/3, or KG-D6, block in the Krishna-Godavari Basin of the Bay of Bengal stood at 39.80 mmscmd in the week ended December 4, according to a status report filed by the company with the Oil Ministry here.
The output comprised 32.94 mmscmd from the D1 and D3 gas ...]]></description>
		<link>http://energybusiness.in/rils-d6-block-gas-output-falls-all-time-low/</link>
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		<title>IEA warns high oil prices threaten global economy</title>
		<description><![CDATA[High oil prices threaten to worsen a global economic slowdown and crude producers should consider boosting output, the chief economist for the International Energy Agency said. &#8220;The current high oil prices have the potential to strangle the economic recovery in many countries,&#8221; Fatih Birol said in a speech in Singapore. &#8220;I hope that high oil prices don&#8217;t slow down Chinese economic growth and the negative effect that would have on the global recovery.&#8221;
Crude has jumped to $100 a barrel from $75 in October amid signs the US economy will likely ...]]></description>
		<link>http://energybusiness.in/iea-warns-high-oil-prices-threaten-global-economy/</link>
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