South Korea to extend tax cuts as inflation saps demand, growth
Authorities hope the tax reduction can temper the spike in prices for public utilities such as electric and gas. In October, public utility charges in Korea surged by 23.1 per…
Energy
Government, Nepal-China JV sign pact to build $322 million hydro project
The project will generate 766.6 GW hours of energy annually.
Coal consumption may rise in Bangladesh this year: IEA report
The report also said tight supply and high prices in international coal markets are hitting emerging economies like Pakistan, Bangladesh and Sri Lanka particularly hard.
Be prepared to pay actual cost of electricity generation: Bangladesh PM
She said the government had to ration electricity in the country for some days due to the global price hike of fuel and gas.
Nepal resumes buying power from India amid drop in domestic production
Nepali hydropower plants are currently producing just around 1,000MW, lower than the peak domestic demand of over 1,500MW.
Russia welcomes India’s decision to not support G7’s price cap on Russian oil
Russian Deputy Prime Minister Alexander Novak made the statement during his meeting with India’s Ambassador to Russia, Pavan Kapoor, on December 9.
President: Parliament should make an open discussion on coal case
He said, they should also report it transparently to the citizens, based on which an objective assessment of the situation can be made.
Vietnam is well-positioned for green hydrogen production, say experts
The GH2 produced will play an important role in the reduction of greenhouse gas emissions towards the net zero carbon goal.
Russia denounces oil price cap agreed by EU, G-7 over war in Ukraine
The White House described the cap as “welcome news” that would help limit President Vladimir Putin’s ability to fund the Kremlin’s “war machine”.
Nuclear policy draft indicates shift in Japan’s energy policy
The change would allow nuclear power plants to operate beyond 60 years as well allow next-generation nuclear power plants to be built.