News Update

Asia's significance and contribution to global issues of energy, climate change and sustainable development has been steadily growing. The update highlights some of the major news stories from various Asian countries offering an overview of the issues, prospects and challenges in the region.

 

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Date News Title Source
17 February 2011 Bangladesh to frame policy to protect poor peoples' access to energy sector Energy Bangla
15 February 2011 India: Scope for generating 68,000 mw of green power: World Bank report The Hindu
14 February 2011 Gas pricing key to TAPI project The Hindu Business Line
14 February 2011 Petronas makes major O&G discoveries offshore Malaysia Rigzone
8 February 2011 IDCOL targets remote areas of Bangladesh for renewable power Bioenergy Insight
4 February 2011 Climate change impacts small nations more The Asian Age
4 February 2011 Pakistan: AEDB, ADB launch renewable energy facility Daily Times
1 February 2011 India: ADB to extend $7.4 b loan for sustainable growth The Hindu Business Line
28 January 2011 India, Bangladesh giving shape to SAARC electricity market The Hindu Business Line

 
Renewable energy sector to attract more private equity investments
The Hindu Business Line, 20 November 2010

India has the macro drivers and a clear edge to be a key clean energy market for private equity investors, states the India Infrastructure report 2010 by 3i Network – IDFC. Private equity investment in renewable energy sector picked up pace in the country from 2004, with Citigroup Venture Capital's $22.5 million investment in Suzlon Energy being a noteworthy deal. According to the report, from a private equity investment of $851 million in 2005, inflows into the renewable sector in India soared to $2,136 million in 2008. The global meltdown in 2009 though, resulted in a sharp decline in fresh investments. Globally, investment in clean energy has been growing at a compounded annual rate of 36% reaching about $19 billion in 2009. Separately, a study by the Word Resources Institute recently estimated a renewable energy market of over $2 billion a year in India. The report by 3i Network too, outlines reasons for the large potential for clean energy investment in India. Private equity investors prefer to invest in models that are fundamentally cost competitive rather than those purely driven by incentives, given the lower business risks in the former.  Read full story...